Wealth Management

The wealth management industry has already endured enormous upheaval, and it's not over yet. In the post-Royal Commission era, financial services providers are experiencing more uncertainty and complexity than ever before.

Whether you’re looking to innovate, grow your business, sell your business, buy a business, need help adapting to the current regulatory and legislative changes, or ASIC is knocking on your door - we can help. Our team of financial services lawyers have helped financial advisers, accountants, licensees, platforms, fund managers and super funds to overcome business and regulatory challenges.

SOME OF THE WAYS WE HELP OUR CLIENTS.

  • Applying for or varying an AFS licence
  • Appointing a Responsible Manager (or doing a RM assessment)
  • ASIC investigations, notices, examinations, hearings and enforceable undertakings
  • Financial product development - including documentation and distribution
  • Appointing authorised representatives, referrers and distributors
  • Disclosure documents – Financial Services Guides, Statements of Advice, Records of Advice and Fee Disclosure Statements
  • Commercial documents - Authorised Representative Agreements, Transfer Deeds, Confidentiality Agreements, Portfolio Sale Agreements, Business Sale Agreements
  • Wholesale client advice, documentation and processes
  • Reviewing websites and promotional material
  • Enhancing compliance framework - including monitoring and supervision processes
  • AML/CTF compliance documentation and compliance
  • Privacy documentation and compliance
  • Breach assessment and reporting
  • Client remediation advice and implementation
  • Managed discretionary accounts (MDAs)
  • Corporate structuring, shareholder and partnership agreements
  • Joint ventures and strategic alliances

Responsible Managers Masterclass

Are you sure that your managers have enough knowledge of the AFS requirements to keep you on the right side of the regulator?

These sessions are for Responsible Managers, compliance managers and indeed any senior manager of a financial services business.

It takes a full day, but includes lots of interactive activities to keep you on your toes.

It covers the following areas:

  • The Role and Responsibilities of Responsible Managers – what it means to be a Responsible Manager, the qualifications and experience required, responsibilities and overall liabilities involved.
  • Regulation in the Financial Services Industry – who are the regulators and what do they do.
  • Providing Financial Services – what is a financial or credit service and what compliance and disclosure obligations apply.
  • AFS Licensees’ Obligations – an in-depth view of all the regulatory requirements that apply to financial services and credit businesses.

Contact us for more information or to design or book a training session.

News

The Fold's frank take on issues affecting the financial services industry.

The Australian Senate Select Committee report on the future of crypto.

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We look at what you can do with new electronic execution laws.

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The RBA recommends passing on surcharges by BNPL providers.

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