Correction notice
Correction
In our article of 25 May by Jason Spits headed “Hammer falls on Wattle Scheme”, we reported that James Gerard Callahan was an authorised representative of Financial Wisdom at the time he was banned for one ye
Correction
In our article of 25 May by Jason Spits headed “Hammer falls on Wattle Scheme”, we reported that James Gerard Callahan was an authorised representative of Financial Wisdom at the time he was banned for one year. This was incorrect and Callahan has never been an authorised representative of Financial Wisdom and was actually an authorised representative of Australian Financial Services with whom Financial Wis-dom has no relationship.
The error was the result of incorrect information being supplied by the Australian Securities and Investment Commission and not that of editorial staff. We apologise unreservedly to Financial Wisdom for any confusion or harm this may have caused.
Recommended for you
AZ NGA has entered into a strategic partnership with national advice firm MiQ Private Wealth, as a way to provide a succession solution, as well as career development opportunities for staff.
While the advice profession struggles under growing operating costs, Adviser Ratings has found more than half of practices – some 58 per cent – that generate less than $250,000 in revenue report no profit at all.
The Federal Court has ordered the freezing of assets and the appointment of receivers to two entities linked to Australian Fiduciaries, ASIC’s latest move in an ongoing investigation into the company’s managed investment schemes.
Off the back of the August adviser exam results, the profession has seen 17 new entrants hit the Financial Adviser Register (FAR) this week, helping numbers return to positive territory.
