financial services licence

Financial planning

Clients may be facing “poorer” and “fragmented” advice on superannuation fund structures under the Financial Services Reform Act (FSRA) if accountants are unable to give ...

Financial planning

AM Corp directors exiled for a decade

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have accepted enforceable undertakings from AM Corpo...

Financial planning

Fastest growing dealer groups: Being the best Counts

Even though Count Wealth Accountants’ managing director Barry Lambert says, “Our emphasis is not on growth – not to be the biggest, just the best”, this philosophy has se...

Financial planning

Fastest growing dealer groups: PIS looks at past growth for future direction

Almost seven years ago Robbie Bennetts met with the founding accountants and financial planners who were to become the first advisers within Professional Investment Servi...

Accounting

AMP/PwC to launch accountant dealership

AMP and PricewaterhouseCoopers have combined to launch a new dealer group catering to the specific needs of chartered accountants considering expanding their service offe...

Financial planning

Accountants make last stand on super advice

The accounting profession has made a last-ditch effort for the right to provide at least a small measure of advice under the Financial Services Reform Act (FSRA)....

Funds management

ASIC moves on property promoters

The Australian Securities and Investments Commission has moved in on property investment seminar promoters, obtaining undertakings from Henry Kaye, Alan Meagher, National...

Financial planning

Mentor gears for growth

Mentor Australia Financial Planning will revamp its planner remuneration model as the group gets ready to expand its Sydney presence and make a number of acquisitions in ...

Financial planning

Count backs accountants’ right to advise

Count Financial has weighed in on heated industry debate over whether accountants should be able to provide advice on superannuation fund structures without an Australian...

Funds management

Credit union makes wealth management play

The Community First Credit Union has become the first credit union in Australia to launch a wealth management product, after working in conjunction with Millennium3 Finan...

Financial planning

FPA angered by ruling on advice

The Financial Planning Association (FPA) has slammed a recommendation by the Federal Joint Parliamentary Committee on Corporations and Financial Services that may allow a...

Financial planning

New MD at Hartleys as total writedowns rise

Hartleys Limited will unveil a writedown of at least $21 million for the financial year ending today due to costs associated with the restructure of the group, and has ap...

Financial planning

First Foundation frozen following ASIC investigation

First Foundation Developments and its senior employees will have $1.8 million assets frozen for running an alleged unregistered managed investment scheme....

Financial planning

Sealcorp to put Asgard under the microscope

The Securitor/PACT financial planning dealer groups will implement a price and functionality review of the Asgard master trust in an attempt to increase its market compet...

Financial planning

ASIC shuts down adviser for churning

The Australian Securities and Investments Commission (ASIC) has removed a West Australian planner from the industry for four years after he agreed to an enforceable under...