Former director pleads guilty to dishonest conduct

ASIC/SMSF/superannuation-funds/

| By Jasmine Siljic |

Almost three years after being arrested, a director has pleaded guilty to encouraging investors to roll over their superannuation in SMSFs and lend that money to his two companies.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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How this advice business has flourished for 50 years

financial-advisers/financial-advice/SMSF-advice/succession-plans/

| By Rhea Nath |

Financial planning

Reflecting on GFM Wealth Advisory’s gold anniversary this year, managing partner Paul Nicol shares his insights on what it takes to be a trusted business serving clients since the 1970s.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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ASIC inquiry dispute continues as Labor appears in Senate

senate/Senate-Economic-References-Committee/andrew-bragg/ASIC/inquiry/

| By Laura Dew |

Policy & Regulation

The war of words regarding ASIC’s provision of evidence to a Senate inquiry has continued as Labor senator Katy Gallagher appears in the Senate to provide an explanation of ASIC’s action.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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ASIC reveals H1 advice enforcement stats

ASIC/misconduct/financial-advice/

| By Laura Dew |

Financial planning

ASIC has revealed the number of its enforcement outcomes which related to financial advice misconduct in the first half of 2023.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Former Ignition CEO takes up chair role

Ignition-Advice/chair/

| By Rhea Nath |

People & Products

Craig Keary has been appointed chair at a leading digital platform, tasked with overseeing a Series A capital raising program and the opening of its operations in South Africa.

AUTHOR

Rhea Nath

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CFS outlines how adviser feedback helped its Edge development

CFS/bryce-quirk/platforms/Kelly-Power/

| By Laura Dew |

Financial planning

Keeping great service, integrating with advisers’ existing processes and making it easy to work with are the three guiding principles for CFS in the development of its Edge platform.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Lowe makes penultimate RBA rate call

Reserve-Bank-of-Australia/RBA/interest-rates/inflation/

| By Laura Dew |

Funds management

RBA governor Phil Lowe has made his latest monetary policy decision as he counts down to his departure in mid-September.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Insurer reveals future of the PI industry

professional-indemnity-insurance/PI-insurance/insurance/financial-advice/APRA/

| By Laura Dew |

Financial planning

A partner at an insurance firm has shared his thoughts on the outlook for PI insurance as APRA reveals advisers’ premiums have risen more than 40 per cent since 2015.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Former investment manager charged over fraudulent documentation

Funds-management/ASIC/

| By Rhea Nath |

Financial planning

Following an ASIC investigation, investment manager Brett Trevillian has been charged for forging portfolio performance verification reports that were provided to potential investors.

AUTHOR

Rhea Nath

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Insignia CEO shifts focus to advice for super members

insignia-financial/renato-mota/licensees/

| By Laura Dew |

Financial planning

Insignia CEO Renato Mota has told Money Management why the firm’s new partnership model will free up the firm’s time to work with super fund members.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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