‘Don’t overlook the steps’ in becoming an adviser

With more Professional Year candidates passing their financial adviser exam this week, an associate adviser has shared why graduates shouldn’t rush to become advisers and ignore the experience gained in junior roles.

The holding company of an alternative asset manager has been fined $123,000 for failing to lodge annual financial reports, the largest fine handed down from these breaches.

According to this cyber security professional, the trusted relationships between advisers and their clients are the target for infiltration by hackers and firms need to ensure client information is safeguarded.

The latest monthly CPI reading has shown annualised inflation fell for the second consecutive month in February.

Australia has been described as one of the worst countries in the world for transparency of portfolio holdings as clients and the regulator seek more information on sustainability credentials.

The global asset manager has received a formal warning from the New Zealand financial regulator after failing to disclose earlier ASIC infringement notices as required under a Trans-Tasman agreement.

Given the volatility in domestic and international markets, Australian retail investors can be forgiven for becoming a bit emotional about their portfolios, writes Greg B Davies.