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10 more AFSLs close, advisers exit | Money Management


As far as licensees were concerned, Financial Services Partners saw a departure of 10 adviser roles, Bridges Financial Services was down eight roles and Perks & Associates lost six roles.  
Williams said that there was again a log tail of losses with 14 licensees down by two and 39 licensees down by one role. 
At the same time, 36 licensees made net adviser role gains of 64. 
“Leading the way was Hoxton Capital Management, a UK based firm with nine taking its Australian holding to 11. All nine advisers appear based overseas, eight in the United Arab Emirates (UAE) and one in the UK. None had prior entries on the ASIC FAR,” Williams said.  ....

United Kingdom , United Arab Emirates , Colin Williams , Financial Services Partners , Bridges Financial Services , Perks Associates , Financial Adviser Register , Hoxton Capital Management , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது அரபு அமீரகங்கள் , கொலின் வில்லியம்ஸ் , நிதி சேவைகள் கூட்டாளர்கள் , பாலங்கள் நிதி சேவைகள் , ஹாக்ஸ்டன் மூலதனம் மேலாண்மை ,

More licensees close as adviser numbers continue to drop


Williams said it would be interesting to watch how many of these small accounting based licensees would remain post FASEA (the Financial Adviser Standards and Ethic Authority) exam requirements as their numbers were reducing each week.  
“It could lead to opportunities for established advisers to form new relationships with accountants who are calling time on their short financial advice career,” Williams said. 
Also, according to HFS’ analysis, this week saw 39 licensee owners make net losses for a total of (-77) adviser roles. 
This was followed by 47 licensees having reported net adviser losses for a total of 81 adviser roles, with IOOF-owned Bridges Financial Services and Garvan Financial Planning (MLC) losing 15 and seven roles, respectively.  ....

Colin Williams , Financial Services , Ethic Authority , Financial Adviser Register , Financial Adviser Standards , Bridges Financial Services , Garvan Financial Planning , கொலின் வில்லியம்ஸ் , நிதி சேவைகள் , பாலங்கள் நிதி சேவைகள் , கார்வான் நிதி திட்டமிடல் ,

ASIC exposes advice issues at IOOF

ASIC exposes advice issues at IOOF
investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.

Holdings Ltd , Financial Services , Bridges Financial Services , ஹோல்டிங்ஸ் லிமிடெட் , நிதி சேவைகள் , பாலங்கள் நிதி சேவைகள் ,

Advice 'deficiencies' found in IOOF after ASIC probe

Advice 'deficiencies' found in IOOF after ASIC probe
smsfadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smsfadviser.com Daily Mail and Mail on Sunday newspapers.

Tony Zhang , Ri Advice Group Pty Ltd , Bridges Financial Services , Holdings Ltd , Bridges Financial Services Pty Ltd , Group Pty Ltd , டோனி ஜாங் , பாலங்கள் நிதி சேவைகள் , ஹோல்டிங்ஸ் லிமிடெட் , குழு ப்டி லிமிடெட் ,