MIA set to be wound-up
Stephen Van Eyk
Van Eyk Research is seeking to wind-up research house Managed InvestmentAssessments (MIA) in the New South Wales Supreme Court.
Van Eyk principal Stephen van Eyk refused to comment on the action, as did former MIA director Anton Lawrence.
Lawrence closed MIA at the end of April this year and handed back the researcher’s Australian Financial Services Licence on November 28.
He did confirm all subscriptions to his research service had been repaid.
Lawrence has subsequently become chief investment officer at Western Australian property fund manager Aspen Group.
According to documents lodged by van Eyk in the Supreme Court, the researcher is looking to have a liquidator appointed to Melbourne-based MIA and seeks costs for the winding up action.
MIA was providing property investment research to van Eyk but was replaced by Adviser Edge, which is providing research on both property and agribusiness investments.
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.