MBF network drives Clearview milestone
Two years after being acquired by medical insurance group MBF, Clearview Retirement Solutions has passed the $2 billion funds under management (FUM) milestone.
According to MBF chief executive Eric Dodd, Clearview Retirement Solutions and MBF Life, both of which were acquired from Insurance Australia Group in January, 2004, have made positive contributions to the group’s strong financial performance.
He said Clearview reached the $2.02 billion FUM milestone at the end of January and had benefited from synergies with the MBF customer base.
Dodd said nearly half of Clearview’s financial advisers now operate from MBF Member Centres, with an increasing number of customer referrals coming from the MBF centres.
AUTHOR
Mike Taylor
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
