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Financial Planning

Managed accounts set for an overhaul

LAURA MILLAN  |  MONDAY, 11 MAR 2013
For the first time in nine years, the country's financial services regulator is placing the managed accounts sector through a comprehensive review, addressing grey areas and fixing major drawbacks that have long derailed the sector's growth.

Same Day Money loses credit licence

LAURA MILLAN  |  MONDAY, 11 MAR 2013
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Credit Licence (ACL) of Cairns-based business Same Day Money.

Dixon Advisory a fee for service success story

ALEX DUNNIN  |  FRIDAY, 8 MAR 2013
Dixon Advisory is transitioning its business across to full fee-for-service and to date, the results have been extremely positive.

Hamilton prepares counter-bid for Elders forestry scheme

MARK SMITH  |  THURSDAY, 7 MAR 2013
Hamilton Securities Limited is readying a competing bid for the acquisition of the Sandalwood Scheme, an agricultural investment scheme managed by Elders in Western Australia.

Former Astarra director permanently banned from fin services

LAURA MILLAN  |  THURSDAY, 7 MAR 2013
The Australian Securities and Investments Commission (ASIC) announced today that it has permanently banned former Astarra Asset Management director Eugene Liu from providing financial services for failing to comply with financial services laws.

Dividend stocks ideal for SMSFs

MARK SMITH  |  WEDNESDAY, 6 MAR 2013
Self-managed super fund trustees must consider having a solid exposure to dividend stocks even as they move into retirement, according to Legg Mason.

More details needed on conflicted remuneration guide

LAURA MILLAN  |  TUESDAY, 5 MAR 2013
How financial advisers can structure performance payments and employee incentives remain cloudy, under new ASIC guidance on conflicted remuneration released yesterday.

Debt free and dividend rich: Fiducian

MICHELLE BALTAZAR  |  MONDAY, 4 MAR 2013
Listed financial services provider Fiducian Portfolio Services has posted consolidated profit after tax for the half-year to December of $1.69 million, in a period that saw the company wrap up its two-year long system upgrade and acquisitions.

Industry bodies welcome Code of Conduct update

LAURA MILLAN  |  MONDAY, 4 MAR 2013
The Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have welcomed the release of the Australian Securities and Investments Commission (ASIC) guidance on the regulatory code of conduct.

Former Lonsec MD pleads guilty to insider trading

LAURA MILLAN  |  MONDAY, 4 MAR 2013
Former managing director of stockbroking firm Lonsec Norman John Graham pleaded guilty to two charges of insider trading, the Australian Securities and Investments Comission (ASIC) announced today.