FOFA penalises advisers who act in the client’s best interests

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Draft Future of Financial Advice (FOFA) regulations designed to curb a non-existent churning culture will penalise advisers who act in the client’s best interests, according to Synchron. “On the one hand, FOFA demands advisers act in the best interests of clients but on the other, where acting in the best interests of the client involves […]

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Synchron practice expands to Sydney

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Synchron’s Melbourne-based private wealth management firm, Wealth Enhancers, is set to expand to Sydney. The boutique Sydney office will open in the next few months and will be headed up by ex-Army Officer, Wade Tink who left an equities trader role with UBS last year to join the firm.  In announcing the expansion plans, Wealth […]

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Churning: a licence to defame advisers

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The term ‘churning’, which has now become accepted into industry vernacular to describe what is a legitimate practice, defames advisers while whitewashing the role of life companies, according to leading boutique licensee, Synchron. “It is highly contentious at best, and a blanket defamation of financial advisers at worst, to label as ‘churning’ the legitimate process […]

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Synchron Appoints Michael Harrison Independent Chair

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Respected business strategist, Michael Harrison has been appointed Independent Chair of financial advice business, Synchron, effective April 1, 2011. Mr Harrison, who has worked closely with Synchron since 2007 as Synchron’s business strategy and marketing consultant, has a long and distinguished career in financial services, spanning accountancy, retail sales, insurance and banking. Synchron Director, Don […]

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Synchron appoints new Associate Director and new WA State Manager

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Synchron today announced the appointment of Albert Nellini as State Manager, Western Australia (WA), replacing Ken Smith who has been promoted to Associate Director of Synchron. Synchron Director, Don Trapnell, said Mr Smith’s promotion reflects the enormous contribution he has made to developing the Synchron business in Western Australia. “Ken built Synchron’s present in WA […]

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