Eureka Report gains AFSL
The investment publication, Eureka Report, founded by ABC business commentator, Alan Kohler, has obtained an Australian Financial Services License (AFSL) to enable some staff to provide explicit buy-and-sell advice.
Kohler, who has been a frequent critic of the financial planning industry, is reported by Fairfax Media as having become a qualified securities adviser.
The Eureka Report was acquired by Rupert Murdoch's News Limited 18 months ago.
The Fairfax Media report quoted the Eureka Report's managing editor, James Kirby as saying the AFSL would allow for the making of explicit calls in circumstances where investment journalism could take reads to a certain point and where Eureka's readers wanted to go further.
AUTHOR
Mike Taylor
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
