Next.Direct ‘99
Direct distribution is only a fledgling channel in Australia, but in other markets it has developed into a mature market.
Stuart Engel and Zilla Efrat joined 300 delegates at the Next Direct conference in Sydney to see what Australian financial services groups could look forward to.
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Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
