Ezi milestone
The Australian Securities and Investments Commission (ASIC) has granted an Australian Financial Services Licence (AFSL) to outsourced payment firm Ezi Payment Solutions.
To qualify for an AFSL the company had to meet several ASIC requirements, which included having company officers with a decade of financial services experience, employee training for staff giving advice and an external complaints and dispute resolution system, among others.
Commenting on the company’s licence, Ezi Payments Solutions chief John de Stefani said gaining ASIC recognition is a milestone for the company.
“The business underwent an extremely rigorous assessment with ASIC before the licence was granted and it was very satisfying to see our people and processes meet the high standards required to qualify for the Australian Financial Services Licence,” he said.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
