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Financial Planning

Don't confuse advice: Guardian

COMPANY RELEASE  |  WEDNESDAY, 15 JUL 2009
Guardian Financial Planning is asking the Government to steer clear of calling the trustee and member interaction 'advice' and clarify that the level of communication proposed is at best 'informed guidance' - not advice.

Platform money flows back into markets

MICHAEL HOBBS  |  WEDNESDAY, 15 JUL 2009
Colonial First State FirstChoice and MLC MasterKey, two of Australia's largest investment platforms, are experiencing inflows away from cash and into listed markets and other growth strategies.

HSBC fund gains 'three stars'

PRESS RELEASE  |  TUESDAY, 14 JUL 2009
Standard & Poor's has rated the HSBC Global Emerging Markets Equity fund 'three stars'.

Perth stockbroker gets ban for life

ASIC RELEASE  |  MONDAY, 13 JUL 2009
It's not the same as Madoff's 150-year jail sentence but a WA-based stockbroker has been permanently banned from providing financial services after a $9 million fraud.

RE model should be reviewed: PIS

RUTH LIEW  |  MONDAY, 13 JUL 2009
PIS is increasingly questioning the Responsible Entity system and said a return to the previous "trustee" model could be a solution to safeguard investors from collapses such as those of Great Southern and Timbercorp.

Timbercorp investors get $50k aid

RUTH LIEW  |  MONDAY, 13 JUL 2009
Professional Investment Services is hoping its $50,000 donation into the Timbercorp fighting fund and other monetary aid would help up to 80 per cent of Timbercorp investors claw some of their investments back.

Berry Fin Services ready for next growth phase

MICHAEL HOBBS  |  MONDAY, 13 JUL 2009
Berry Financial Services managing director and FPA chair, Julie Berry, said ComCorp's 40 per cent stake gives her company more firepower to grow its client base, particularly in the credit union sector.

AMP gears up for changes in advice

RUTH LIEW  |  THURSDAY, 9 JUL 2009
AMP is getting a head start on the changes in superannuation regulation and shifting consumer behaviour towards financial planning through a new project called 'Advice 2010'.

Premium Investors outlines capital options

COMPANY RELEASE  |  THURSDAY, 9 JUL 2009
The Premium Investors board has put forward three resolutions including amending the firm's constitution and a further on-market buy back scheme to deal with capital management issues.

Investors shift more money outside super

RUTH LIEW  |  WEDNESDAY, 8 JUL 2009
The increasing number of government reviews and recent Federal Budget changes to super have prompted clients to boost investments outside of super to fund their retirement, said Centric Wealth advisers.