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Monday, 2 May 2005
SYDNEY: MLC's Adviser Growth and Development team today announced details of its Adviser Scholarship Program, a strategic initiative to help advisers grow their business and offer a structured career path to new advisers.
The scholarship program will take in 50 new recruits this year from MLC's self employed aligned advice businesses* with successful candidates undertaking a two year training program covering topics such as sales and interpersonal skills, practice management skills and technical skills.
"The Adviser Scholarship Program provides principals of advice businesses with the opportunity to enrol new employees in a comprehensive two year training program that will bring valuable skills and experience into the business," said Mr Wayne Handley, Executive, Adviser Growth and Development.
This initiative will fuel growth for self employed businesses aligned with MLC, provide a structured career path for new advisers and allow principals to implement succession plans into their businesses.
The principal of the advice business is responsible for employing the new recruit and mentoring them through their learning and development program.
MLC will deliver the course curriculum through a combination of its Registered Training Organisation, MLC Adviser Campus, and external providers such as David Penglase Seminars.
The course will comprise a mix of distance learning and workshops with students being flown to Sydney or Melbourne for the workshops.
Applicants must have already completed the first four subjects of a Diploma of Financial Services. The objective of the two year training program will be to build on this qualification with a range of technical, interpersonal and business skills.
Applications for the first intake of students will open on 2 May and close on 20 May 2005. A second intake of students will take place in the second half of the year.
Mr Handley said the Adviser Scholarship Program was the latest initiative from the Adviser Growth and Development strategy that was launched in January this year. It follows the launch of a range of transitional packages for advisers who choose to join one of MLC's aligned self employed licensees.
*MLC's aligned self employed licensees include Garvan Financial Planning, Apogee Financial Planning, MLC Financial Planning and Godfrey Pembroke Ltd.
Further information:
Stacey Mitchell
Corporate Affairs Manager
02 9966 3035
0400 305 446
Who is MLC
MLC is the wealth management division of the National Australia Bank. It is comprised of a group of companies, all of which are subsidiaries of the National Australia Bank. MLC provides funds, platforms and services that support the provision of quality financial advice and help people realise and protect their lifestyle goals. Through a vast network of financial advisers, MLC provides quality financial planning services, wealth creation (investments, private banking), wealth protection (insurance) and superannuation solutions to individual investors and corporate customers. MLC also provides corporate and institutional customers with out-sourced investment, superannuation and employee benefit solutions. MLC manages more than $78 billion on behalf of individual investors and corporate customers in Australia (as at Dec 2004).
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