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Showing 1 - 10 of 58 results for "MLC Advice"

Bridges adviser base drops 20%

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... drop in adviser numbers last year. At the end of June 2022, Insignia slashed 30 adviser roles because of integrating MLC Advice and Bridges. "As reported in our recent market update last month - during the year, Insignia Financial undertook deliberate ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... advice business was down 10% year on year to $103.7 million. This was partly because of consolidating Bridges with MLC Advice, as low fee-paying clients move off fixed-term services. "The reduction is mainly across the self-licensed and self-employed ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... the period. That said, net revenues were down almost 10% to $103.7 million following the integration of Bridges with MLC Advice. Over the six-month period the advice business was also impacted by $90 million paid in remediation, with the ANZ Advice fee ...

UniSuper appoints new head of advice

JAMIE WILLIAMSON  |  FRIDAY, 21 OCT 2022
... Melbourne-based Arrow Private Wealth. He had been in that role for about a year and was previously general manager of MLC Advice for over two years. He is also a former head of financial planning for AMP Financial Planning and Hillross. At UniSuper ...

Perpetual Private hires from MLC, MetLife

JAMIE WILLIAMSON  |  WEDNESDAY, 27 JUL 2022
... National Medical client segment. Brown brings close to two decades' experience, most recently as head of advice at MLC Advice. She has also held role with NAB and is a former financial adviser. Brown commenced in the role July 11. "Chemere is a great ...

Insignia Financial loses more advisers

CASSANDRA BALDINI  |  TUESDAY, 26 JUL 2022
... advisers had left bringing its current total to 1,600. It explained the drop was partly due to the integration of the MLC Advice and Bridges businesses and said that as of June 30 there were 1600 active financial advisers in its network. "As flagged ...

LGT Crestone hires head of sustainability

RACHEL ALEMBAKIS  |  FRIDAY, 15 JUL 2022
... wealth business. Prior to working at Perpetual, Amanda led the responsible investment and ESG research function for MLC Advice as a senior investment analyst and also worked in institutional business development at Pendal Group. "I am delighted to be ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... to hit break-even run-rate by FY22 end for ANZ AL (current underlying NPAT of $19.2 million) and by end of FY24 for MLC Advice (UNPAT of $71.9 million). IOOF chief executive Renato Mota said the company will not chase scale necessarily, despite recent ...

Adviser numbers fall below 20k

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... is. IOOF splits its advice stable into three categories. Shadforth Financial Group, Bridges Financial Services and MLC Advice service high-net-worth clients. The self-employed segment comprises RI Advice, Millennium3, Lonsdale and Consultum Financial ...

MLC GM joins dealer group

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
The former general manager of MLC Financial Planning and the MLC advice network has jumped to a dealer group aligned with a real estate agent. Wealth Market, which is associated with Ray White and Loan Market, has appointed Jasia Fabig as national practice ...
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