MLC AM expands managed accounts team

MLC Asset Management has made two senior appointments in its managed accounts team, appointing Neil Gellett as head of managed accounts and Brent Bevan as head of investment consulting – managed accounts.

Gellett had over 20 years’ experience in the wealth management industry and was most recently head of product at Xplore Wealth, and before that held similar positions at Perpetual and BT Financial Group.

Bevan had 18 years’ experience and joined from Mercer where he previously spent six years with Commonwealth Bank, where he was most recently head of research for the bank’s multiple advice licenses.

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He had also held various investment and research roles at Suncorp and Perpetual.

Jason Komadina, MLC Asset Management managed accounts director, said both appointments brought a wealth of industry experience which would further strengthen the firm’s managed accounts proposition. 

“The growth of the team reflects the continued uptake of managed accounts among advisers, and increasing demand for access to MLC’s professionally managed, portfolio construction services,” Komadina said. 

“As the advice industry evolves, managed accounts continue to be one of the fastest-growing segments of the wealth industry, with Australians having invested more than $95 billion.

“At MLC we see managed accounts playing a central role in supporting advisers to deliver on client investment goals, in line with their risk appetite and preferences.”

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