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ASIC flags clamp on fake 'general advice'

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MM Newsletter
  Mar 09, 2017 


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ASIC to focus on non-genuine ‘general advice’

The Australian Securities and Investments Commission has warned licensees it is cracking down on instances where comprehensive advice is delivered under the guise of ‘general advice’. For more

Annual review of wealth management backed by big banks

Three of the four major banks are backing the imposition of an annual public reporting regime of the wealth management industry overseen by ASIC. For more

Bank-aligned groups hold back on ETFs

Bank-aligned dealer groups continue to favour their own products over exchange traded products despite FOFA reforms, BetaShares said. For more

InFocus/H&R Block deal sees first referrals

The referral partnership between InFocus Wealth Management and H&R Block has seen its first referrals flow through. For more

Financial planners strong users of ETFs

More than 40 per cent of financial planners currently advise their clients on exchange traded funds, according to BetaShares and Investment Trends’ joint study. For more

Shared ownership strategies to grow

Equity release and shared ownership strategies popularity will grow as more consumers reach out to the private sector to allow them to access untapped equity in assets, according to Homesafe. For more

NAB Ventures to back American payments fintech

National Australia Bank venture capital fund, NAB Ventures has led an investment round for a San Francisco-based fintech. For more

Aussie investment fintech launches in Canada

Retail stock investment platform, Simply Wall St has launched into the Canadian and New Zealand markets after a successful 2016. For more


Banks less enamoured of wealth management

The days of the major banks competing for major wealth management assets are gone due to a combination of indifferent financial results and regulatory and reputational risks. For more

Professional standards and de-risking the industry

With the passage of the Professional Standards legislation, the major employers have already set about de-risking their planning exposures, Mike Taylor writes. For more


SMSFs and in specie contributions

Fabian Bussoletti looks at the considerations advisers need to make when advising SMSF clients on in specie contributions. For more
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