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.
AUTHOR
Mike Taylor
Recommended for you
Managed accounts saw net inflows of $16.7 billion in the six months to 30 June, as IMAP chair Toby Potter describes the offering as having reached their “maturity phase”.
Coastal Advice Group has completed the acquisition of three advice businesses across Australia, as it sets its sights on major national expansion over the next financial year.
Financial advisers are demonstrating growing interest in crypto ETFs, with momentum pushing assets in these products past $800 million.
Colonial First State has exceeded $20 billion invested in its CFS managed accounts, announcing multiple expansions to its platform offering.
