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Showing 1 - 10 of 36 results for "MLC Wrap"

Insignia completes MLC, NAB separation

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... milestone the group had to deliver on in FY25, Insignia chief executive Scott Hartley said. "Following the migration of MLC Wrap, MLC Navigator, and associated offers to the MLC Expand platform in April, this separation further demonstrates our ability ...

Expand bolsters SMA offerings amid $10bn milestone

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
... This follows the platform's expansion earlier this year, which doubled the platform's SMA offerings. The transition of MLC Wrap to Expand has seen some 94,000 client accounts transferred to the Expand platform. Insignia said the migration cost is one ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... related to several strategic initiatives the wealth manager has taken on in recent times, including the migration of MLC Wrap to Expand, the creation of Rhombus Advisory, and the several asset sales it conducted including Millennium3 and Godfrey Pembroke. ...

Expand bolsters SMA menu

MATTHEW WAI  |  TUESDAY, 13 AUG 2024
... advisers to manage their time more efficiently. The enhancement follows the migration of 94,000 client accounts from MLC Wrap, MLC Navigator, and associated offers to Expand earlier this year. Since its launch in 2019, Expand has gained over $75 billion ...

Insignia FUM grows by $11bn, completes platform migration

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
... under management increase by $11.7 billion (up 3.9%) to $312.3 billion as at March 31, and has completed the migration of MLC Wrap to Expand. Total net outflows for the quarter were $1.7 billion, largely reflecting the transitory impact of execution ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... due to the sale of Millennium3, closure of Lonsdale, and changes to Bridges. The migration of clients and assets from MLC Wrap to the Expand platform is also tracking to schedule, to be completed in April. Underlying NPAT for the platforms business declined ...

Insignia Financial touts strong start to FY24, simplification

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
... to see strong momentum in flows into our flagship and workplace platforms. However, we have experienced outflows from MLC Wrap ahead of transition to the contemporary Evolve platform in April." Among the group's strategic initiatives is the client wellbeing ...

Insignia's managed account FUM swells

STAFF WRITER  |  MONDAY, 23 OCT 2023
... said. Meantime, about $1.3 billion is held in the separately managed accounts (SMA) managed by MLC Asset Management on MLC Wrap. The month of September saw record flows for both MDAs and SMAs, Insignia said, clocking $248 million in net flows. "We are ...

Insignia Financial plans advice business transformation

JAMIE WILLIAMSON  |  THURSDAY, 27 JUL 2023
... It's expected elements of the new environment will be in place by mid-2025. The group also flagged the migration of MLC Wrap to Evolve has been delayed following adviser feedback. It was expected to occur in 1H24 and will now likely take place in ...

MLC Super overhauls fees

KARREN VERGARA  |  MONDAY, 9 NOV 2020
... commissions removed in the Access Pre Select Fund. Also on this date, commissions ceased in group insurance arrangements in MLC Wrap Super, MLC Wrap Investments, MLC Wrap Super Series 2 and MLC Wrap Investments Series 2. On November 2, MLC MasterKey ...
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