Venturing into capital raising
Australian Financial Securities (AFS) is a dealer group with a difference, carving out the niche of venture capital raising in the financial services industry. Nicole Szollos went inside the dealers with AFS director Brad McGougan to get the AFS inside story.
</B>Vital Statistics Box
Name Australian Financial Securities (AFS)
Obtained dealers licence March 1998
Number of Adviser groups 10
Number of Proper Authority Holders 35
Funds under management $110 million
Research Assirt, van Eyk and internal
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
