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
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
