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Showing 1 - 10 of 208 results for "Statements of Advice"

ASIC bans another former MWL adviser

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
... invest in the Balanced and Conservative classes which were medium risk investments. ASIC also found Morgan's Statements of Advice to his clients contained false and misleading statements as they implied they would enjoy better returns by investing their ...

ASIC acts against another former FSGA adviser

JAMIE WILLIAMSON  |  MONDAY, 13 APR 2026
... Silva's experience should have been aware he was not acting in the clients' best interests when he provided Statements of Advice that included misleading statements and recommended placing entire superannuation balances into high-risk products. It said ...

ASIC bans former adviser Rhys Reilly for 10 years

KARREN VERGARA  |  MONDAY, 13 APR 2026
... He 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 ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN  |  TUESDAY, 10 MAR 2026
... or the Growth class of the Shield Master Fund which were high risk investments. ASIC also found Terheci's Statements of Advice contained false and misleading statements as they implied that they would enjoy better returns by investing their superannuation ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... long-awaited Tranche 2 of the Delivering Better Financial Outcomes draft package was released in March, switching Statements of Advice for Client Advice Records and clarifying what topics super funds can collectively charge for. However, despite the ...

Advisers want to boost client book by 36%: CFS

KARREN VERGARA  |  MONDAY, 24 NOV 2025
... year to 42% in 2025. About 27% of advisers said that inefficiencies in providing advice, such as producing Statements of Advice, is the next biggest barrier. The report's co-author and Empower Business Advisory founder Recep Peker said building more ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... unconscionable conduct, failed to act in the best interests of clients, gave conflicted advice, and provided defective statements of advice whilst receiving millions of dollars. Meanwhile, Keystone Asset Management director Paul Chiodo yesterday released ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... medium-high risk investment. Shield also had a limited trading history. ASIC also found that Videkanic's Statements of Advice to certain clients contained false and misleading statements, implying they would enjoy better returns by investing their ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... Master Fund when it was not in their best interests. He was also found to have provided false and misleading Statements of Advice, including representations that Shield had a higher performing track record against other super funds when Shield had only ...
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