MLC finalises new offer for self-employed licensees - 4 July 2005
Monday, 4 July 2005
SYDNEY: MLC’s Licensees have finalised the details of their new offer for self-employed advice businesses, including the Godfrey Pembroke, Apogee Financial Planning, Garvan Financial Planning and MLC Financial Planning networks, delivering greater flexibility and choice for financial advisers.
“The new offer has been finalised following an extensive consultation period, with advisers telling us how we could improve our offer to help them better achieve their business objectives,” said Mr Greg Miller, General Manager, MLC Licensees.
“We have listened to this feedback and have refreshed our offer to address these needs and deliver greater flexibility and choice.”
Within the new MLC Licensee Offer, advisers have the choice of three service packages tailored to meet their business and advice needs. Each service package provides access to leading services that support the delivery of quality advice, as well as business efficiency and growth.
Mr Miller said key features of the new offer include a flat fee per letter of authority holder and options to select additional services on a user-pays basis.
“We recognise that our self employed advisers operate under a number of different business models and we want to provide them with the flexibility to choose the services that best meet the needs of their business,” said Mr Miller.
Unique components of the new offer include an Adviser Scholarship Program, options for how advisers can brand their business and access to MLC’s leading advice platform, AdviserCentral.
Mr Miller said the new offer would be presented to the Licensee Advisory Boards in early July 2005 for approval, with an expected implementation date of 1 October 2005.
MLC will provide full details of the new offer at a media briefing on 22 July 2005.
For further information, please contact:
Stacey Mitchell
P: 02 9966 3035
M: 0400 305 446
About 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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