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
The director of Ascent Investment and Coaching, Michael Dunjey, has been charged with 33 criminal offences.
Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of practices overall seeing a revenue decline.
The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.
There have been strong numbers of returning advisers this year so far, according to Wealth Data, already surpassing the same period for 2024.