MLC launches consulting service for ultra-HNW

asset-allocation/retail-investors/investment-advice/

23 January 2013
| By Staff |
image
image
expand image

MLC has launched a consulting service called Portfolio Solutions which will target ultra-high net worth (UNHW) retail investors and support advisers aligned with the bank.

The service, which will also be available to small institutional investors and non-for-profit organisations, will involve tailored asset allocation and comprehensive stress testing of financial outcomes.

Portfolio Solutions will be limited to individual and small institutional investors with more than $3 million in investable assets.

The new team will be headed by MLC investment strategist Michael Karagianis, who said much of the investment advice and products currently available in Australia cater for the accumulation phase of the wealth cycle.

"For many UNHW clients, however, wealth accumulation is not a priority; they have been able to generate wealth successfully from their own activities," Karagianis said.

"We find many UNHW clients are seeking solutions to ensure the real value of existing wealth is protected over time so it may generate enough income to keep pace with inflation and maintain their lifestyle into and through retirement."

The team has been established to help UNHW clients better construct their portfolios, he added.

Karagianis said the goal is to double the number of clients MLC provides tailored solutions to in 2013.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS