News

Support for wholesale change, except from banks

Wednesday 11th of May 2016

The options paper released for the review of the Financial Advisers Act suggested the change.. There has been concern that the bar is too low for clients to be counted as wholesale investors.

At present, a client qualifies to be treated as wholesale if they own financial products of $1 million, if they are an entity with $1 million in net assets over the last two accounting periods or op...

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