MLC launches advice academy for accountants


MLC has launched a support program for accounting businesses looking to offer a more holistic advice service to their clients.
The MLC Accountants' Advice Academy is one of two accountant support initiatives launched by the company, and will provide advice on how best to implement a financial advice model in their business.
Topics for discussion will include the various business model options (including traditional referral arrangements), joint ventures, employing a financial planner, or becoming a planner themselves, the company stated.
MLC has also launched its accountant solutions team, which will focus on helping accountants get financial advice and licensing arrangements in place if they wish to continue to provide advice on self-managed superannuation funds after the Future of Financial Advice changes have been introduced.
The newly created team is headed by MLC national manager accountant solutions, Nick Hilton, while the academy is due to kick off in April.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.