Independent financial services licensee Capstone has partnered with the Tax Institute to provide educational, support services and a licensing option for members of the professional body seeking to provide financial advice under the new Future of Financial Advice rules.

The Australian Securities and Investments Commission (ASIC) has permanently banned Nicholas Hunter from the financial services industry after the corporate regulator’s investigation found he had acted illegally and is bankrupt.

Accountants aiming to operate under a limited Australian financial services licence (AFSL) need to know exactly how specific product advice affects them in order to define their activities legally, according to an industry lawyer.

Praemium has built new software functionality into its V-Wrap non-custodial portfolio administration system as a value-add to SMSFs and holds high expectations for strong take-up.

Three significant bodies operating in the SMSF space have issued a warning to accountants wanting to provide advice under a limited Australian financial services licence (AFSL) in the new Future of Financial Advice (FOFA) environment to start the process immediately.

Specialist SMSF administration service provider Superfund Wholesale has announced it is ultimately aiming to service 10,000 self-managed funds.

SMSF investors were showing continued interest and support in listed investment companies (LIC) as the structure became more popular, according to one of the largest LICs in Australia.

A majority of financial planners favoured separately managed accounts (SMA) for their SMSF clients over direct equities and managed funds, according to a new white paper by private wealth management firm JBWere.

An SMSF Association social media forum has revealed practitioners remain frustrated over the amount of time it takes the ATO to provide SMSFs with an Australian business number (ABN).