Search ResultsShowing 1 - 10 of 100+ results for "Minimum"
ASIC increases levy costs
ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... what the regulator estimated in March 2019. ASIC had published the indicative levies for superannuation trustees as a minimum of $18,000 plus $7.35 for every $1 million of assets under management (AUM) above the $250 million threshold. The actual levy ...
The Income Store closed for business
ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... apparently raised about US $75 million for more than 500 investors. Courtright and his company promised investors an endless minimum guaranteed rate of return on revenues generated by websites. In exchange for an upfront fee, the company would buy or ...
ASIC claims to support robo-advice
ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... they are receiving. "Natural persons who provide financial product advice to retail clients are required to meet the minimum training and competence standards for advisers in Australia," ASIC then said. "For digital advice licensees to meet the organisational ...
ASIC alters adviser levy
ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... have gone unnoticed by many. The $907 figure was only an estimated fee announced by ASIC at the end of November. The minimum levy is $1500 and the $1142 figure cited by Marshan is per-adviser. Last year, the minimum levy was the same at $1500 and the ...
VanEck changes ETF portfolios
ALLY SELBY  |  THURSDAY, 19 DEC 2019
... construction process" would strengthen its strategic asset allocation framework. "All ETFs included in the models must have a minimum 'Lonsec Recommended rating' and the model portfolio may include ETFs not issued by VanEck," it said. "Lonsec ...
Concerns over cancelled ASFL complaints
ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
... systemic issues identified by AFCA, and that certain exclusions in its professional indemnity insurance cover did not meet minimum adequacy requirements. ASIC determined that KP International had failed to do all things necessary to ensure that the financial ...
Sam Henderson attempts to set record straight
ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
... ASIC banning order does not cite the exact issues that were raised in the Royal Commission, and that he received the minimum banning for a best interests breach. Speaking to Financial Standard , Daniel echoed this: "ASIC stated that any 'misleading ...
Industry fund publicly shames investment adviser
ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... action from workers in XPO's trucking service who claim the company violated California labour laws by denying them minimum wage, overtime and meal breaks. Yahoo! Finance analysis of the stock showed that at this time last year approximately 44 US ...
Clime launches new income fund
KANIKA SOOD  |  TUESDAY, 3 DEC 2019
... launching other products with Sequoia in the future. Clime chief executive Rod Bristow said the fund manager had not set a minimum raise. "We haven't done this sort of product before, so it is hard to say. It is for wholesale clients only and we ...
First green bond ETF listed
ELIZA BAVIN  |  FRIDAY, 29 NOV 2019
... only be eligible if they bare denominated in Australian dollars, Euro or US dollars, are rated investment grade at a minimum Standard & Poors or Moody's Investor Services, be at least one year old, have senior or higher ranked debt instruments and ...
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