Eureka Report gains AFSL
The investment publication, Eureka Report, founded by ABC business commentator, Alan Kohler, has obtained an Australian Financial Services License (AFSL) to enable some staff to provide explicit buy-and-sell advice.
Kohler, who has been a frequent critic of the financial planning industry, is reported by Fairfax Media as having become a qualified securities adviser.
The Eureka Report was acquired by Rupert Murdoch's News Limited 18 months ago.
The Fairfax Media report quoted the Eureka Report's managing editor, James Kirby as saying the AFSL would allow for the making of explicit calls in circumstances where investment journalism could take reads to a certain point and where Eureka's readers wanted to go further.
AUTHOR
Mike Taylor
Recommended for you
Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.
Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater than ever.
Centrepoint Alliance has upgraded its expected financial results for FY24, thanks to strong adviser recruitment and the acquisition of Queensland advice firm Financial Advice Matters.
The corporate regulator has permanently banned a Melbourne-based financial adviser that “dishonestly attempted to induce clients to transfer their superannuation into a bank account he controlled”.
