Capstone FP not associated with Capstone Capital
Capstone Financial Planning has sought to clarify that it is not affiliated with Capstone Capital following the cancellation of Capstone Capital’s Australian financial services licence (AFSL).
In an announcement, Capstone Financial Planning said: “We wish to advice that Capstone Financial Planning Pty Ltd is in no way affiliated with Capstone Capital Pty Ltd and is a completely separate and unrelated company”.
Last week, the Australian Securities and Investments Commission (ASIC) moved against Capstone Capital after it failed to lodge annual financial statements and auditor’s reports, and failed to maintain membership with an external dispute resolution scheme approved by ASIC.
Recommended for you
Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
While efficiency remains a top priority for Australian advisers, State Street has revealed the profession is now juggling this desire with the need to maintain personalisation of its service offering.
A possible acquisition of data provider Iress is becoming a greater likelihood after the firm announced it is engaging with multiple interested parties.
