ASIC has cancelled the Australian financial services (AFS) licence of Western Australia-based Addwealth Financial Services, finding it unable to comply with licence conditions. In September 2012 ASIC imposed additional licence conditions on Addwealth following concerns, among other things, over the appropriateness of advice to certain clients. Addwealth provided advice on products and services including retirement
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Regulation