Succession planning is crucial in avoiding further industry consolidation, a senior advisory head has warned. Speaking to ifa, Guardian Advice head Simon Harris said that it was important for the advice industry to have succession strategies in place...
As the Australian financial advice industry enters the new regulatory era, a closer look at the UK market provides some much-needed global perspective. IN HIS now infamous speech to the Gleneagles Savings & Pensions Industry Leaders’ Summit in Scotland...
ifa reflects on a year of dramatic change for financial advice. Perhaps more than any other year since Australian financial advisers have been doing business, 2013 was one of upheaval and change. Some self-imposed, others enforced by politicians and...
Suncorp's decision to exit the dealer business is further evidence that institutionally-owned licensing is destined for the history books. Nobody likes a know-it-all and, admittedly, journalists can often overdo the smugness when they're right (yours...
Have you ever wanted to generate more sales, build stronger client relationships and capitalise on your centres of influence? I am always talking to advisers about referrals. It is something I am passionate about and have been researching for a long...
Promoted by Investment bonds may not immediately spring to mind when developing an investment strategy and yet, when it comes to wealth creation, can provide valuable options that aren’t available in traditional avenues like superannuation. Wealth...
Two of the industry’s most influential leaders have joined the independent advice movement, clearing the path for a new generation of female advice entrepreneurs. In late 2014, I had the honour of being the only male invitee to an AFA Inspire luncheon...
Members of the financial advice industry are heading into 2017 hand-in-hand. ifa looks at the major events that have led to this unification over the past 12 months. To call this year an eventful one would be an understatement. From life insurance...
The corporate regulator has accepted an enforceable undertaking from a Queensland-based financial adviser. Duane Wright of First National Home Loans and Insurance was an authorised representative of the now defunct Suncorp-owned GuardianFP (also known...
has applied for Falcon Capital to enter liquidation in the Federal Court, following the assets of the firm, its First Guardian fund, and a director being frozen last month. The Australian Securities and Investments Commission (ASIC) has applied to the...
The Federal Court has frozen the assets of a man linked to Shield and First Guardian lead generation services. Following an Australian Securities and Investments Commission (ASIC) application, the Federal Court has made orders freezing the assets of...
and the payment for those services”, in connection with its investigations into the Shield Master Fund and the First Guardian Master Fund. While the Shield Master Fund was not a private credit structure, its failure may have spooked SQM, which had...
to make up the bulk of the next levy period at an estimated $44.57 million, while the ongoing Shield Master Fund and First Guardian collapses have the potential to be far more damaging. At this stage, there is no guarantee that the fallout from either...
in connection with its investigations concerning certain managed investment schemes, including Shield Master Trust and First Guardian Master Fund. Merhi controls Venture Egg, and both he and Venture Egg are authorised representatives of Interprac...
Court appointed Ross Blakeley and Paul Harlond of FTI Consulting as liquidators, ordering them to wind up the firm, the First Guardian Master Fund and a number of related unregistered subsidiary funds. In March, ASIC applied to the Federal Court for the...
With a potential exposure of $440 million through a single advice firm, the fallout from the Shield Master Trust and First Guardian Master Fund could have a devastating impact on financial advisers. Appearing on a webinar with law firm Holley...
millions. There are additional “dark clouds” on the horizon, including a potential exposure to Shield Master Trust and First Guardian Master Fund of $440 million through a single advice firm. According to Johnston, the advice profession is “doomed in...
told ifa that he could not “provide any additional information at this point in time”, he noted that the Shield and First Guardian situation was “an extremely complex matter”. According to Merhi’s previous media comments, Venture Egg has about 5,000...
officially exited the FAR, ASIC announced it has cancelled the licence of an AFS licensee caught up in the Shield and First Guardian collapses. The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services...
While it initially seemed as though the Shield and First Guardian failures may not hit the advice profession too hard, the FAAA’s Phil Anderson said that as more information comes to light, the more concerned advisers should be. The impact of Dixon...
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