ASIC exam sees highest pass mark in 2 years; How much could investors recover from Shield Master Fund?

Candidates waiting until they feel confident and better exam prep resources have helped the pass mark for the financial advice exam reach the highest since ASIC took over its administration.

Administrator Deloitte has shared how much Shield Master Fund investors could receive in estimated returns if the scheme is successfully wound up.

There is a need for advice businesses to offer flexible service models, with Investment Trends research suggesting over half of potential clients prefer one-off advice to meet their financial needs.

The development of a new advice document presents a “blank canvas” for advisers to create a suitable document replacing statements of advice, says Adviser Ratings.

T. Rowe Price has promoted head of Australia and New Zealand consultant relations, Cassandra Crowe, to the equivalent APAC role.

A former South Australian financial adviser, who also authored two personal finance books, has been banned by ASIC for a period of seven years.

Alternative asset manager iPartners Funds Management has announced a new acquisition to support its retail presence with a majority stake in Mi Funds Management.

ASIC has released the results for the November sitting of the financial adviser exam, with the pass mark sitting substantially higher than in August.

As thematic ETFs gain popularity among advisers, research houses have told Money Management of their unique challenge to rate these niche products and assess their long-term viability.