MLC Asset Management boosts managed accounts offering
MLC Asset Management has expanded its range of managed account strategies to include conservative and high growth options in response to market demand from advisers for more transparent, diversified solutions for clients.
MLC general manager direct capabilities and specialist investment services, Jason Komadina, said the need for quality advice and demands on advisers had never been higher.
“Now the range includes conservative and high growth options offering a full suite for advisers to utilise, we have taken the opportunity to align the existing portfolios naming convention with industry standards, while also more simply and transparently conveying the nature of their expected risk,” he said.
Additionally, MLC’s Managed Accounts Strategies had reached its $500 million milestone in under two years.
Commenting on this milestone, Komadina said: “Reaching this milestone in just two years is a testament to our expert team. We have a strong heritage of managing multi-asset diversified portfolios to deliver quality outcomes for clients at a competitive price point.”
Recommended for you
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
