Revamp for MLC team
Financial services group MLC’s new chief executive officer of distribution, Steve Tucker, has completed a revamp of his distribution team.
Tucker, who replaced Geoff Austin as distribution boss late last year, has appointed a new general manager of sales and two new national sales managers, all from within MLC's sales and distribution arms.
MLC owns two large financial planning networks, MLC Financial Planning/Garvan Financial Planning and Lend Lease Financial Planning. It also sells managed funds and insurance products directly and offers the Flexiplan Master Trust.
As well as the two planning groups, Tucker will also oversee MLC's private client services and product sales divisions.
Matt Lawler is MLC's new general manager of sales, while John Watts and Elyse Sainty are the new national sales managers.
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.
