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Showing 1 - 10 of 66 results for %22March Financial Adviser Register%22

ASIC makes adviser exam changes

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
... advisers who have completed an approved degree and existing providers will also be removed. The next exam is due to be held on March 26 and will reflect the changes, ASIC said. In suggesting the changes, the government said: "Exams based on multiple ...

Madison FG, Godfrey Pembroke's PDG combine services

KARREN VERGARA  |  THURSDAY, 17 AUG 2023
... parties, which is effectively a co-op type arrangement that delivers scale and synergies. The deal is set to finalise before 30 March 2024.

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... 921E(3) of the Corporations Act 2001 in relation to personal advice provided to retail clients between January 2022 and March 2022. Looking closely at the FSCP's fourth determination, Capital Advisory director and financial planner Michael Miller ...

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... Financial advisers in New Zealand are now operating under a new licensing regime that is regulated by the markets watchdog. From March 17, all financial advice providers (FAPs) must hold or operate under a full licence from the Financial Markets Authority ...

ASIC bans financial adviser for five years

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
... financial adviser Walter Yaolong Guan has been banned for five years after operating without a licence. ASIC found that between March 2017 and August 2021, Guan, through his company Perennial Growth, carried on a financial services business when he traded ...

Record number of adviser graduates: Kaplan

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... Rainmaker Information analysis, the number of ASIC-registered financial advisers decreased by 15% in the 12 months to the end of March 2022;3075 advisers exited the industry in this period. Analysis of the ASIC Financial Adviser Register also showed ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... Investors and three former senior portfolio managers over the "Structured Alpha" strategy that was exposed as fraudulent by the March 2020 crash. The fraud is believed to have started in January 2016. The SEC said the "immense downside risks" of the ...

3000 advisers left industry last year

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... Financial Adviser Register. The number of ASIC-registered financial advisers decreased 15% through the 12 months to end March 2022 to reach 17,602. This implies 3075 advisers exited the industry in the period. There are now 2090 licensees operating ...

Adviser numbers close in on 17k

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
... number of financial advisers is close to dipping below the 17,000 mark as more than 700 recently exited the industry. As of March 17, the ASIC Financial Adviser Register recorded 17,246 active advisers, Rainmaker modelling of the data reveals. On January ...

Former Hillross adviser pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 13 JUL 2021
... director of Nexus Financial Planning, an advice practice in Sydney trading as Hillross Bella Vista, from 8 June 2010 until 14 March 2016. ASIC reported that Nexus purchased a client book for SuperLeader, an AMP corporate superannuation product where ...
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