storm financial

Financial planning

CBA reported to be seeking settlements with Storm Financial clients

Newspaper reports suggest the Commonwealth Bank is seeking to head off prolonged litigation with Storm Financial clients by negotiating private settlements. The move foll...

Financial planning

CBA steps in to avert forced home sales of Storm Financial clients

Distressed clients of Storm Financial may be able to stay in their homes despite being unable to meet the required payments on their mortgages....

Financial planning

Storm Financial fallout could reshape industry - ASIC

ASIC has used its statement on Storm Financial to a recent parliamentary hearing to warn that its interest in Storm is likely to have far reaching implications for the of...

Financial planning

Lending rates for small business under scrutiny

The interest rates being offered to small businesses during a time when other forms of interest are falling will be one focus of a federal inquiry into banking and financ...

Financial planning

Advisers line up to service Storm clients

More than 60 'expressions of interest' received....

Editorial

Regulatory Storm on its way

IT now transpires that the Australian Securities and Investments Commission did receive four complaints relating to Storm Financial in the period 2006 to 2007. Trouble is...

Financial planning

Call for ASIC probe into gearing by advisers

Boutique planner groups say advisers must provide reasonable basis for recommending gearing amid calls for the regulator to act....

Financial planning

CBA admits acting without instruction on Storm

Colonial Geared Investments sold down Storm Financial shares without instruction but claims Storm's response was inadequate....

Financial planning

Storm Financial associates out of advice

The financial planning firm closely associated with the principals of Storm Financial has written to clients informing them that it cannot provide financial advice....

Financial planning

Software targets gearing risk

Financial planning software developed that aims to reduce the risk associated with margin lending advice....

Financial planning

ASIC washes hands of Storm Financial mess

Regulator 'does not have the power' to prevent aggressive models....

Financial planning

ASIC admits to Storm Financial complaints

The Australian Securities and Investments Commission (ASIC) has admitted in a parliamentary hearing that it received four complaints relating to Storm Financial between 2...

Editorial

Cleaning up after the Storm

Forget the fact that Storm Financial clients were paying hefty upfront fees, the collapse of the company represents a catalyst for the Federal Government to act on the qu...