MLC adds 56 investment options to platforms
MLC has added 56 investment options to its MLC Wrap and MLC Navigator investment menus, with 19 of the new funds in international equity.
MLC general manager for retail super and investment platforms, Kathy Vincent, said on Friday the funds would open up more opportunity for advisers to assist clients in achieving their financial goals.
"Our goal is to provide the flexibility needed for advisers to offer quality personal investment options for their clients," Vincent said.
While international equity held the highest number of new funds, it was followed by Australian at 15 new funds, fixed interest at 14, property at three, growth at two, multi-asset at two, and alternatives at one.
"Last year, we announced that we are growing by investing at least $300 million into our super, investments and advice offering through digital innovation, product and platform enhancement, improved customer engagement and experience and simplification," she said.
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.
