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Financial Planning

Another Wattle administrator convicted after ASIC investigation

Graeme Charles Coote, a former director of Brisbane-based The Fund Administrators Pty Ltd (TFA), has been sentenced in the Brisbane District Court in relation to charges brought by the Australian Securities and Investments Commission (ASIC).

ASIC bans Perth investment adviser for 18 months

The Australian Securities and Investments Commission (ASIC) today announced that it had banned a Perth-based investment adviser, from acting as an authorised representative of a securities dealer or an investment adviser for 18 months.

ABA announces long-term initiative to improve financial literacy

The banking industry today announced it has committed to a long-term strategic priority of helping improve Australians' financial literacy.

AMP unwraps WealthView in time for Christmas

AMP has launched its WealthView eWRAP for AMP Financial Planning, the last of four eWRAP accounts developed as a result of an agreement between AMP and ASGARD, the financial services giant has announced.

CBA expands adviser support for Financial Wisdom

The Commonwealth Bank of Australia (CBA) has significantly expanded its Adviser support package, consisting of new and improved service offerings for 400 of its Financial Wisdom Financial Planners.

BT Wrap reaches $10 billion, as platform launches new suite

BT Financial Group (BT) has announced its Wrap platform has reached $10 billion in funds under administration (FUA), describing it as "a major milestone that coincides with a suite of new enhancements being launched across the platform".

Macquarie Office Trust goes green to benefit investors

Macquarie Office Trust (MOF) has announced that it has secured what the NSW Sustainable Energy Development Authority has called one of Australia's largest green power contracts for a commercial property trust in Australia.

ABN AMRO takes strategic stake in alternative investments manager

Dutch financial services giant ABN AMRO is to take a 50 per cent stake in Absolute Capital, subject to completion of due diligence and shareholder approval, the parties have announced.

HSBC to cut 450 jobs in worldwide review

London-based banking giant HSBC, still reeling from the terrorist bombings on its Istanbul offices last month, has announced it will cut up to one third of its equities staff across the globe, reducing the number from 1450 to 1000 by early next year.

Securitor receives two AFS licences

Recently merged distribution group Securitor has received the FSRA compliance go-ahead from the Australian Securities and Investments Commission (ASIC), with the regulator approving two AFS licences for the new entity.