The Who's In/Who's Out Game
- The missing pieces. Roberts, Pam // Money Management;2/9/2012, Vol. 26 Issue 4, p18
The article presents the author's views on why the Future of Financial Advice (FOFA) reforms in Australia look like a jigsaw puzzle with a few pieces missing. The author states that thought the Government and the industry have disagreed on 'option' and commission on risk premiums, the unbundling...
- Investment Advisers Act splits regulatory oversight. P.D. // Practical Accountant;Dec96, Vol. 29 Issue 12, p8
Reports on the passing into law of the Investment Advisers Supervision Coordination Act, effective April 11, 1997. Less government regulation of financial planners in the United States; Concerns about the law's impact on financial accounting practices.
- Industry welcomes Shorten's consumer protection moves. Kennedy, Chris // Money Management;12/6/2012, Vol. 26 Issue 47, p3
The article reports on acceptance by the Financial Planning Association (FPA) of Australia Ltd. and the Association of Financial Advisers Ltd. over the proposed draft regulation by Financial Services Minister Bill Shorten that restricts the use of the terms financial planner and financial adviser.
- Consumer protection for those receiving tax advice from a financial adviser. Jeremenko, Robert // Taxation in Australia;Jul2013, Vol. 48 Issue 1, p6
The article reports on the introduction of legislation in Australia that provides consumer protection for those receiving tax advice from a financial adviser. The Tax Institute of Australia has supported the development of the legislation that requires financial advisers to meet professional and...
- Accounting for different levels of advice. Benetto, Lucille // Money Management;8/31/2006, Vol. 20 Issue 32, Special section p25
The article focuses on the different levels of advice that accountants and planners could offer to their clients with regard to self-managed superannuation fund (SMSF) as stipulated under the Regulation 7.1.29 of the Corporations Act in Australia. It discusses the limitations on the extent of...
- No room left for carpet-baggers. Taylor, Mike // Money Management;12/6/2012, Vol. 26 Issue 47, p11
The article focuses on the concept over the legal enshrinement of the terms financial planner and adviser as proposed by Australian Minister for Financial Services Minister Bill Shorten.
- Mifid II vote delayed until at least September. Tolley, Steve // Money Marketing (Online Edition);7/ 9/2012, p5
The article focuses on the comments of Econ GmbH chairman Sharon Bowles, on the delayed vote that could see the European parliament's official objection on proposals to ban commission for independent advisers. Bowles stated that the Parliament, the European Commission, and the Council are too...
- Death by Regulation. Veres, Bob // Financial Planning;Feb2008, Vol. 38 Issue 2, p41
The author argues that independent financial advisors who are members of the Financial Planning Association (FPA) will be affected by the possibility of the Financial Services Regulatory Authority (FINRA) regulating all financial advice in the U.S. While the FPA won its case against brokerage...
- SEC Adopts Final Definition of "Family Offices" Exempt From Investment Advisers Act. // Venulex Legal Summaries;2011 Q3, Special section p1
The article discusses the final rule under the U.S. Investment Advisers Act of 1940 that defines the term family office for purposes of the Advisers Act exemption of family offices from the definition of an investment adviser. Under the rule, a family office is defined as a family that provides...