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Search ResultsShowing 1 - 10 of 87 results for "SMSF Advice"
Adviser banned for five years
ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
... financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided by ...
Former Spectrum Wealth, NAB advisers banned
ELIZA BAVIN  |  THURSDAY, 30 APR 2020
ASIC has permanently banned an ACT financial adviser over dodgy SMSF advice, and banned another from NSW for three years for failing to consider clients' best interests. Jane Myers, an authorised representative of Spectrum Wealth between 2013 and 2017 ...
SMSF property adviser pleads guilty
ELIZA BAVIN  |  MONDAY, 24 FEB 2020
... 2015 after the collapse of the Charterhill Group. ASIC said it had concerns about the company's failure to ensure SMSF advice provided to clients was in their best interests. The regulator placed a number of companies under external control, which were ...
SMSFA slams limited licensing
HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... that end, the association said its proposed "new customer-centric advice framework" will be designed with "improved SMSF advice" as a critical element. "As we state in our Budget submission, the ultimate goal is to advocate for reform that reduces complexity ...
How it can all go wrong
KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... four years. One of the problems with his advice was, even though some clients came to him asking specifically for SMSF advice, he still was obliged to say no if he thought an SMSF wasn't in the best interests of the client. By the time the first ...
Advisers struggle with untapped SMSF market
KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... offering over the next three years (36%). Interestingly, the report found there is largely an untapped market for SMSF advice, as members indicated their struggles with different aspects of investment strategies - a gap which advisers can meet. Vanguard ...
ASIC FAR, advice industry contract
JAMIE WILLIAMSON  |  MONDAY, 17 JUN 2019
... the time, Rainmaker analysis showed many that had joined had done so from Count Financial, CPA Australia Advice and SMSF Advice.
Former Millennium3 adviser banned
ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... operate, though with restrictions were applied in regards to securities advice and he was no longer able to provide SMSF advice. In December 2018, Forster moved to Beacon Financial Group. Again, he was not able to provide SMSF advice. ASIC said the banning ...
Major advice licensee in possible best interest breach
JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... monitor movements in adviser numbers when targeting future surveillance work," ASIC said. Further, when providing SMSF advice, advisers are required to adequately demonstrate why an SMSF is appropriate for the client and why it's in their best interests. ...
Accountant banned for bad SMSF advice
HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... SMSFs without considering their personal circumstances during her time as a representative of former AMP subsidiary, SMSF Advice. The corporate regulator also found Thorne "hadn't properly considered her clients' existing superannuation arrangements," ...
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