Eight funds added to Masterkey menu
MLC has added eight new funds to its MasterKey investment menu, taking the total number of funds available on the platform to 49.
The new funds are the MLC Diversified Debt Fund, Northward Australian Equities Fund, Challenger Select Australian Share Fund, Antares Lodestar Absolute Return Trust, Platinum Asia Fund, BlackRock Global Allocation Fund BlackRock Global Small Cap Fund and T. Rowe Price Global Equity Fund.
“We’ve added funds where we’ve identified gaps in our offer, such as in the emerging markets space, in accordance with what our advisers are telling us they want,” said MLC Platforms general manager Anthony Waldron.
“At the end of the day, MasterKey is a baby wrap and our number one priority is to have high quality funds on the menu, not quantity.”
Masterkey now offers “everything needed by advisers who like to follow a core plus satellite approach to portfolio construction”, Waldron added.
“It has a market-leading multi-manager offer through the seven MLC MasterKey Horizon Funds and more than 40 additional funds that advisers can select as appropriate to meet their clients’ individual needs.”
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.