financial adviser

Financial planning

A former WealthSure financial adviser has been jailed after transferring around half a million dollars out of clients’ accounts without their knowledge. ...

Financial planning

ASIC turns tables on consumers, dealer groups

Dealer groups and consumers must do their part to surveil the financial advice profession, with ASIC’s resources allowing it limited reign over the “high risk” industry, ...

Financial planning

Report calls for higher education standards and enshrinement

Senate Committee recommends higher education, professional association membership and enshrinement of ‘financial planner’ in report on ASIC performance...

Financial planning

Senate report calls for adviser banning powers and increased penalties

ASIC should be given the power to immediately suspend financial planners who it suspects have engaged in misconduct according to Senate Committee....

Financial planning

WealthSure appeal provides clarity around licensee liability

A recent successful appeal regarding liability in a long running case involving WealthSure has created clarity around about the potential extent of liability in cases of ...

Financial planning

Insto-owned AFSL compromises advice

Institutionally-owned Australian financial services licensees are bound by approved product lists, which compromises advice and products they recommend to clients, one fi...

Financial planning

ASIC bans former PIS adviser

ASIC has permanently banned Southport-based former financial adviser, Grant Patrick Thompson, from providing financial services....

Policy & Regulation

Senate Committee gives thumbs up for FOFA amendments

Senate Committee recommends FOFA amendments be passed but Greens and Labor Senators object to all the suggested changes....

Policy & Regulation

Cormann outs FOFA amendment critics

Finance Minister, Senator Mathias Cormann claims critics of the Government’s FOFA changes have fallen short on offering viable alternatives....

Financial planning

ASIC acts against two advisers

ASIC has banned two advisers from providing financial services for up to five years. ...

Financial planning

Fortnum appoints national sales manager

Dealer group Fortnum Financail Group has appointed MLC’s Joel Taylor to its newly-created role of national sales manager. ...

People & Products

Fortnum appoints national sales manager

Dealer group Fortnum Financial Group has appointed MLC’s Joel Taylor to its newly-created role of national sales manager....

Superannuation

SMSF online form with checking tools

Self-managed super fund (SMSF) service provider Heffron has launched an online SMSF form with in-built checking tools to avoid compliance headaches....