Venturing into capital raising
Australian Financial Securities (AFS) is a dealer group with a difference, carving out the niche of venture capital raising in the financial services industry. Nicole Szollos went inside the dealers with AFS director Brad McGougan to get the AFS inside story.
</B>Vital Statistics Box
Name Australian Financial Securities (AFS)
Obtained dealers licence March 1998
Number of Adviser groups 10
Number of Proper Authority Holders 35
Funds under management $110 million
Research Assirt, van Eyk and internal
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.