Smarter Compliance. Stay ahead of ASIC’s 2024 Financial Adviser registration deadline with Assured Support’s expert guidance. Our comprehensive overview simplifies the registration stages and vital considerations, ensuring you’re compliant and prepared. Leverage our tools like OpenAFSL for seamless declarations, and avoid pitfalls with our tailored assistance. Act now – the clock’s ticking on this crucial financial services compliance requirement. Contact us for detailed advice and support.
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Explore the 2022-23 ASIC funding levy changes and their impact on financial
advisers and licensees. We delve into the ASIC’s CRIS, fee adjustments, and
the response from industry bodies, offering insights into the financial and
regulatory landscape for Australian Licensees. Understand the balance
between optimism & the realities faced by smaller firms in the evolving
financial advisory sector.
Smarter Compliance. If you’re handling client money there are a range of
rules, obligations and consequences of which you should be aware. More
worryingly, you might be handling client money without being aware of it,
or the rules and obligations you’re contravening. Let’s run through the
Smarter Compliance. Advising requires perfect balance. On one side, you have the interests of your clients – their financial goals, their objectives, their risk tolerance, and their trust in your advice. On the other side, you have your business objectives – profitability, growth, market share. Read on and meet the challenge.
“The odds will always favour the man with a plan.”— Ziad K. Abdelnour Managing New Entrants We get more than a few questions about New Entrants and, specifically, how the Professional Year needs to be structured. As you know, Section 9 of the Corporations (Work and Training Professional Year Standard) Determination 2018 provides guidance to […]
Smarter compliance. No matter how hard you try to provide high-quality
advice and services, there will always be someone who is unhappy; unhappy
about the service they received, unhappy about the perceived lack of
service, unhappy with market volatility or unhappy about the cost of your
advice. While complaints can be frustrating and time-consuming , it’s
important to remember that they present your business with an opportunity
to improve processes and, in some cases, the chance to strengthen your
relationship with your client. In fact, research shows that ‘83% of clients
feel more loyal to brands that respond and resolve their complaints’. In
this article we’ll move beyond RG271 to provide practical, effective and
human strategies for managing complaints.
Smarter compliance. The regulatory framework can be complex and difficult
to understand. Unfortunately, some advisers don’t fully appreciate the
reasons behind their compliance obligations and react, too commonly, by
rejecting an effective cure. They may prefer to do their own research but,
in this article, we examine whether the compliance cure is worse than the
disease and explore why you should love (not hate) compliance.
Smarter Compliance. With the legal fundamentals addressed in our previous articles on breaches, we take the time to reflect on ASIC Report 740 “Insights from the reportable situations regime” and ponder the same question that troubled Hamlet “To report, or not to report, that is the question”. Although we have no fixed opinion about whether it is nobler in the mind to suffer the slings and arrows of non-compliance or take arms against a sea of complaints, we do have some thoughts on Report 740 and ASIC’s conclusions.