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.
Recommended for you
The profession is up by almost 200 advisers for the new financial year, with August continuing the consistent weekly positive gains.
WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
The Australian Wealth Advisors Group has entered into a joint venture with a Melbourne financial services firm to launch a wealth manager.
Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.