Investing successfully is about fulfilling your full financial potential; not about being constrained by the limits of your present position.
We take the confusion and complexity out of investing and provide free investor education so you can make informed choices to create the quality of life you desire.
So said Storm Financial (formerly Ozdaq Securities and Cassimatis Securities) in 2005.
Supposedly the principals now have to sell all after the company's financial collapse leaves them facing personal bankruptcy.
Though the media have been somewhat silent about another company Ignite Financial Systems & Research Pty Ltd (formerly Storm Financial Research and Ozdaq Research) apparently owned by Storm principals and rumoured to be operating in Victoria as well as in Queensland and, which has Storm Financial as a client.
It is not clear whether this firm has been protected from the financial meltdown or indeed if any of the other companies which appear to be associated with Storm are not at risk.
It has also been reported that the Financial Planners Association has terminated Storm's membership with some stern words.
Matters are likely to go from bad to worse for Storm clients, for besides having to meet horrendous margin calls it is possible that the Australian Tax Office may come calling about how various advisers structured their tax.
Legal action by former Storm clients against everyone they can think of may be the only way to stave off further loss/debt.
At last count their combined debt was estimated at $100 million.
Courtesy of The Wayback Machine here are website screen shots from October 2007 and January 2009.
Then...................
Now....................
Update:
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