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
Husband and wife banned from providing financial services
Married couple Richard and Gwenda Marshall have been banned from providing financial services for six and three years, respectively, for operating a financial services business without holding an AFSL licence.
November 10, 2022
SMSF Association remains opposed to super balances cap
The SMSF Association remains “resolutely opposed” to a cap on superannuation balances which has been proposed by Labor.
November 10, 2022
Outcome of AMP BOLR class action not expected until 2023
The outcome of the AMP Buyers of Last Resort class action suit is not expected until next year, an AMP spokesperson has confirmed to Professional Planner.
November 10, 2022
Perpetual rejects revised takeover proposal from BPEA and Regal
Perpetual has received another non-binding proposal from BPEA Private Equity and Regal Partners which it has rejected.
November 10, 2022
AMP ASTRUM Award winners announced
AMP kicked off its national conference in the Gold Coast last night with a dinner presenting the ASTRUM Awards, recognising practices and advisers in the network.
November 10, 2022
