AFSL

Financial planning

Could digital advice tools place licensees at risk of class action?

Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from ...

Financial planning

Reframing the ‘licensed and self-licensed’ AFSL divide

Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternativ...

Financial planning

The red flags of the responsible manager role

When it comes to the risks of acting as a responsible manager at an AFSL, compliance firm Holley Nethercote has shared a range of red flags that could see them facing dis...

Expert Analysis

What does a ‘premiership team’ look like in financial advice?

Winning one premiership can come down to talent, luck, or timing but winning multiple ones indicates something deeper and successful is at play, writes Darren Steinhardt....

Financial planning

Centrepoint looks to managed accounts as NPAT declines

Centrepoint Alliance, the third-largest advice licensee, has reported 40 per cent growth in its managed accounts business, but profits fell by a third....

Financial planning

The red flags of a poor advice AFSL

With licensee switching on the rise, particularly for newer advisers, compliance expert Sean Graham has shared red flags to watch out for when making the jump between AFS...

Financial planning

Minimising key person risk for solo AFSLs

With a third of AFSLs being solo advisers, how can they navigate key person risk and ensure they are still attractive propositions for buyers when it comes to their succe...

Financial planning

Limited advice sector losses keeping advisers in the red

While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t fo...

Financial planning

WT's Cullen on challenging UK and US advice players

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

Financial planning

WT Financial backs second ‘Hubco’ for advice duo

WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acqui...

Financial planning

Director pleads guilty to unlicensed product advice

A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him....

Financial planning

Sequoia ramps up APL scrutiny with new committee

Danielle Press, a former ASIC commissioner, is to chair a new AFSL committee set up by Sequoia which seeks to improve governance practices and review its approved product...

Financial planning

Licensees seen as ‘first line of defence’ against product failure

ASIC believes advice licensees are the “first line of defence” when it comes to future product failures and is urging them to monitor their approved product lists. ...

Financial planning

Sequoia director to depart after 6 years

Sequoia Financial Group non-executive director Charles Sweeney has stepped down from the board of the licensee after six years....

Financial planning

The $70.5k saving from being part of a licensee

A new report from the Financial Services Council has detailed what advisers value the most from their licensee, as well as the time and cost savings from being part of an...