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Showing 1 - 10 of 1024 results for "SOA"

HUB24 FUA soars over $164bn

MATTHEW WAI  |  TUESDAY, 21 JUL 2026
HUB24 performed soundly in the quarter ending 30 June 2026, with total funds under administration (FUA) increasing 20% from the previous corresponding period to $164.3 billion. The total FUA comprised platform FUA of $139.5 billion (up 24%) and portfolio ...

FSCP bans adviser over client advice failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
... The FSCP found Morrison-Dowd breached the best interest's duty, the appropriate advice obligation and statement of advice (SOA) requirements when advising three clients. It also found he failed to provide an SOA to two clients. According to the panel ...

FAAA urges insolvency crackdown to curb soaring CSLR costs

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
The Financial Advice Association Australia (FAAA) has called for tougher insolvency rules to prevent "phoenixing" activity. The FAAA said loopholes which shift costs of failed financial advice businesses onto the broader profession through the Compensation ...

Tribunal shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
... junior adviser on probation at the time and operated under strict supervision within his licensee. Each Statement of Advice (SoA) he prepared was subject to mandatory pre-vet compliance checks and approved before being presented to clients. "In imposing ...

ASX sees trade volumes soar in May

MATTHEW WAI  |  THURSDAY, 4 JUN 2026
The Australian Securities Exchange (ASX) saw a substantial growth in trade volumes last month, despite continued lackluster movement in initial public offerings (IPOs). According to its May monthly activity report, ASX reported a 31% increase in total ...

Macquarie Asset Management earnings soar to $2.6bn

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
Macquarie Asset Management's (MAM) earnings soared to $2.6 billion largely driven by bumper performance fees charged on its private markets transactions. MAM's net profit jumped 27% in its full-year reporting period ending March thanks to private ...

ASIC acts against another former FSGA adviser

JAMIE WILLIAMSON  |  MONDAY, 13 APR 2026
... high-risk products. It said this was particularly the case where the fact find had been done by an unlicensed third party, the SOA was prepared by a paraplanner, and where he had only met the client once during a meeting between them and the third party ...

ASIC bans former adviser Rhys Reilly for 10 years

KARREN VERGARA  |  MONDAY, 13 APR 2026
... failed to disclose such payments to clients. Reilly made false or misleading representations in certain Statements of Advice (SoA) by stating that no benefits capable of influencing his advice had been received, when that was not the case, ASIC said ...

Former Venture Egg adviser permanently banned

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2026
A financial adviser who allowed others to provide Statements of Advice (SOAs) in his name and was actively involved in the dodgy referral processes that led to significant client losses due to the Shield and First Guardian collapses is now banned. Aristotle ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI  |  TUESDAY, 31 MAR 2026
... partner, ASIC said. He was also found to have provided "predetermined" advice outcomes based on a template Statement of Advice (SOA), recommending clients switch super funds to Netwealth while retaining $10,000 for insurance purposes. Additionally, Hogan ...
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