Mawson’s rolls out first master trust
The Mawson Group is to roll out its first master trust this week as its expansion plans start to come to fruition.
The Breakthrough master trust, to be launched in Queensland tomorrow with other states to follow, is a rebadged tailor-made version of the Trust Company of Australia’s (TCA) master trust called Smart Save that was developed in conjunction with Group Life Management. Mawson advisers are currently using a number of different master trust products.
Mawson Group compliance manager Darren Lelliott says Mawson’s 124 financial planners will be offered an equity sharing arrangement in the Breakthrough service. Funds invested through the master trust will earn advisers what are called “equity credits” which help build a stake in a holding company called Adviser Equity Corporation which in turn owns 50 per cent of the Mawson Group. A similar arrangement is in place for other Mawson products and services.
The Mawson Group is also forecasting massive expansion in the number of financial planners operating under the group’s securities licence. The group has forecast the number of planners to double over the next year to about 250 planners as its 600 multi-agents and life insurance brokers seek to broaden their exposure to full financial planning.
Lelliott says the group is proud of its life insurance heritage but says a number of advisers are seeking to move to full financial planning and the group has been gearing up its training regime to assist advisers meet new education requirements.
Recommended for you
Determinations by the FSCP since the start of 2025 are almost double the number in the same period of 2024, with non-concessional contribution cap errors and incorrect advice among the issues.
Whether received via human or digital means, financial advice is reportedly leading to lower stress and more confidence, according to Vanguard.
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
