Capstone FP not associated with Capstone Capital
Capstone Financial Planning has sought to clarify that it is not affiliated with Capstone Capital following the cancellation of Capstone Capital’s Australian financial services licence (AFSL).
In an announcement, Capstone Financial Planning said: “We wish to advice that Capstone Financial Planning Pty Ltd is in no way affiliated with Capstone Capital Pty Ltd and is a completely separate and unrelated company”.
Last week, the Australian Securities and Investments Commission (ASIC) moved against Capstone Capital after it failed to lodge annual financial statements and auditor’s reports, and failed to maintain membership with an external dispute resolution scheme approved by ASIC.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.