Dover

Financial planning

Advisers at risk under licensees with fees cheaper than Dover

Licensees that have a cheap licencing offering are likely to be committing regulatory arbitrage which potentially puts advisers and consumers at risk, according to CountP...

Financial planning

Dover and McMaster handed penalty

Dover Financial Advisers have been ordered to pay a $1.2 million penalty for engaging in false or misleading conduct, while Terry McMaster will also be required to pay $2...

Financial planning

ASIC bans three financial advisers

Bimaljeet Sekhon and Alan Davies have received three-year bans, while former Millennium3 authorised representative, Christopher Harris has been banned by the corporate re...

Policy & Regulation

Dover’s McMaster tells his own story

The director of now closed Dover Financial Planning, Terry McMaster, has written a series of articles defending his position and questioning the motivations and approach ...

Financial planning

ASIC takes civil action against Dover, McMaster

The regulator has commenced civil action in the Federal Court against Dover Financial Advisers and its sole director, Terry McMaster....

Financial planning

D-Day looms for some Dover advisers

Letters sent to the clients of some Dover advisers reveal that 7 July looms as the day they lose platform access unless they have found a new licensee....

Financial planning

Dover advisers wiser but still in limbo

The Australian Securities and Investments Commission has removed any lingering doubts about the future of Dover financial and its principal, Terry McMaster, but has left ...

Financial planning

More than 40% of Dover advisers came from big licensees

New analysis from Adviser Ratings has confirmed that more than 40 per cent of Dover advisers were recruited from the major bank licensees, AMP or IOOF....

Financial planning

Have industry leaders abandoned Dover advisers?

Financial planning industry leaders and the regulator have an obligation to set aside their self-interest and help the more than 400 advisers caught up in the closure of ...

Editorial

Dover must be a catalyst for change

The unprecedented nature of the closure of the Dover Financial Services business and resultant limbo status of its clients and advisers must act as a catalyst for change ...

Outsider

Terry’s McMasterful exercise in Falstaffian discretion

Great, indeed, is the man who writes his own history....

Financial planning

Dover, not ASIC determined outcome

The Australian Securities and Investments Commission was left with little discretion around the future of Dover Financial Services with the licensee exercising its right ...

Financial planning

ASIC warns licensees on Dover recruits

The Australian Securities and Investments Commission has issued a warning to licensees on the need to undertake appropriate due diligence when appointing advisers “who ha...

Financial planning

Royal Commission questions Dover client protection

Dover Financial Planning principal, Terry McMaster collapsed in the Royal Commission witness box after prolonged questioning about his firm’s “Client Protection Policy” a...