FAR
Financial planning
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....
Financial planning
Licensees have been urged by ASIC to ensure their advisers’ FAR records are updated, as ASIC’s latest estimates find more than 3,000 advisers could be unable to provide a...
Financial planning
As the deadline approaches for advisers to meet higher education requirements, the FAAA has shared an “obscure” loophole to help advisers avoid redoing a professional yea...
Financial planning
With more than 4,600 advisers yet to meet the qualifications standards, the corporate regulator has once again urged relevant providers to check their Financial Advisers ...
Financial planning
There were over 350 new entrants who came on board during 2022, according to Wealth Data, as the industry seeks to grow to counter the adviser exodus. ...
Financial planning
Wealth Data has revealed the total number of advisers, and their sectors, who left during 2022. ...
Financial planning
Licensees will need to ensure their advisers’ Financial Adviser Register record states if they can provide tax (financial) advice by 1 February, 2023. ...
Financial planning
There are concerns regarding registrations on the Financial Advisers Register as smaller licensees close with backdated resignation dates. ...
Financial planning
Almost 500 AFS licensees received communication from ASIC earlier this year because they had failed update their ceased advisers on the Financial Advisers Register....
Financial planning
Almost 500 AFS licensees received communication from ASIC earlier this year because they had failed to update their ceased advisers on the Financial Advisers Register (FA...
Financial planning
The acquisition has brought a new combined entity of WT Financial Group and Synchron to 560 advisers, as per Australian Securities Investment Commissions’ Financial Advis...
Financial planning
Senior executives should face civil penalties of up to $1 million if they breach the Financial Accountability Regime, according to consumer advocacy group CHOICE....
Financial planning
Small licensees are further expected to close in the coming weeks with the number of advisers expected to reach between 15,000 and 16,000 this year, according to Wealth D...
Financial planning
The new Financial Accountability Regime between APRA and ASIC will have clearly defined roles to avoid duplicate reporting to multiple agencies....
Financial planning
There is an expectation that the total number of advisers will drop to 17,200 in January, and thereafter to between 15,000 and 16,000....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...