PIR/Westpoint investigation concluded
The Australian Securities and Investments Commission (ASIC) investigation into reports issued by Property Investment Research(PIR) about Westpoint has been concluded.
In a brief statement, ASIC announced that after discussions with PIR concerning the reports it had issued about Westpoint’s products in October 1998 and August 2005, it had decided to end its enquiries.
“ASIC appreciates the full co-operation of PIR throughout the investigation,” the statement said.
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.
