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Millennium3 Financial Services (M3) holds an Australian Financial Services License Number 244252. M3 is a top 10 dealer group in Australia. We operate as an Authorised Representative of M3 (License Number 258236).
M3 is licensed to deal in:
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Under the Corporations Act, a license may be revoked if the Australian Securities and Investments Commission (ASIC) believe that a licensee has not performed his duties efficiently, honestly and fairly. This rule extends not just to individuals, but to firms, their systems and procedures as well as the quality of the oversight of their staff and authorised representatives. ^
Under the M3 Dealers License requirement from ASIC, M3 is charged with establishing and maintaining adequate training, supervision and compliance procedures for their authorised representatives. Compliance must be within the provisions of the Corporations Act 2001, Anti-Money Laundering and Counter-Terrorism Financail Act 2006 and other broad range of international laws, circulars, guides, rergulations and orders.. ^
M3 provide us with a comprehensive recommended list of product and service providers covering the Australian and global market that have undergone a rigid due diligence process to ensure that these providers meet all regulatory requirements. All recommended providers are at arms length arrangements. Ongoing research and due diligence ensures that the list is regularly updated and amended.^
Compliance is one of the most important aspects of running a financial planning business. M3 undertake an inspection and audit of our accounts, bank statements, client files and all relevant records twice yearly to ensure that we are fully compliant, meet all regulatory obligations and ensure superior service is delivered to our clients.
A licensed financial adviser is required to undertake a minimum of 30 hours professional development each year to meet the minimum ASIC requirement. M3 provide ongoing training and assessment to their authorised representatives and audit the relevant training register to ensure that the minimum requirement is met. We average in excess of 100 hours training and development each year. ^
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