ASIC accepts court enforceable undertakings from financial advisory firm accused of not producing SOAs
ASIC has accepted a court enforceable undertaking from the financial advisory firm Lasarith, trading as ‘Succession Matters’, and its sole director and responsible manager, Adam Smith, after an investigation was launched over concerns Statements of Advice were not being provided to clients.
November 14, 2022
New financial literacy program reaches over 100k student bookings in the first year
More school students now have access to vital financial education, with over 560 schools across Australia registering for financial education program which launched this past February.
November 14, 2022
Man GLG launches Asia Opportunities Fund
Man GLG, the discretionary investment management engine of Man Group, has launched the Man GLG Asia Opportunities Fund, which has already received a ‘recommended’ rating from research house Zenith.
November 14, 2022
Schroders appoints Colin Keenan as institutional sales manager
Schroders Australia has appointed Colin Keenan as its institutional sales manager.
November 14, 2022
AQRU launches crypto accountancy start-up Daxiom
AQRU has partnered with Ben Sampson and Elliot Fielding from the UK-based chartered accountancy firm Sampson Fielding to launch a crypto accountancy start-up known as Daxiom.
November 14, 2022
J.P. Morgan debuts locally listed ETFs for Australian investors
J.P. Morgan Asset Management (JPMAM) has launched its first active ETFs on the ASX.
November 11, 2022
Adviser numbers steadying, surpassing 15,900
The adviser market has steadied since the wave of losses after the adviser exam deadline in October, with seven advisers being added to the ASIC Financial Adviser Register this week according to analysis from Wealth Data.
November 11, 2022
Defending advice: A two-tiered model is no victory for the profession
In its focus on improving the accessibility of advice, Treasury's Quality of Advice Review introduces the idea of a "relevant provider" and suggests a two-tier advice market that's widely celebrated by some as a victory for advisers. It is anything but and, in fact, by equating advice and product information Treasury challenge the fundamental nature of advice, undermine the emerging advice profession and walk back the significant progress advisers have already made.
November 11, 2022
‘Transparent and competitive’: Vanguard Super launches with low-fee products
Global investment giant Vanguard has launched the much-anticipated Vanguard Super to market in a move expected to transform the industry with its low-cost and adviser-friendly products.
November 11, 2022
Jones ‘open to feedback’ on advice review: Lawler
A “portfolio of changes” needs to be delivered to the government once the Quality of Advice Review recommendations are finalised according to AMP’s Matt Lawler. This will help streamline the process of implementing changes which is likely going to involve the industry lobbying individual MPs as well as the financial services minister.
November 10, 2022
‘More streamlined and less manual’: TAL launches PY platform to boost efficiency
Designed in collaboration with licensees, TAL has created a professional year platform for advisers and licensees to track progress and measure outcomes during a new entrant’s provisional year.
November 10, 2022
