NAB/MLC leverage FP 9000 standard
National Australia Bank and its wealth management division MLC are continuing to leverage off their involvement in FP 9000 accreditation involvement.
NAB has today pointed to a Queensland financial planning firm, Wealthfarm, as being the first in that state to gain FP 9000 certification.
According to NAB, this means that Wealthfarm has been independently assessed and shown to have systems and processes in place to support the delivery of quality advice.
The FP 9000 certification standard was developed by SAI Global in conjunction with NAB subsidiary, MLC.
According to the general manager of MLC Advice Solutions, Greg Miller, the program provides customers with a level of comfort that the financial planning business they are dealing with is a quality-endorsed practice.
He said it also allowed practices such as Wealthfarm, which is part of the Garvan dealer group, to benefit from SAI Global’s five ticks quality standards mark.
AUTHOR
Mike Taylor
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
