Strategy
NAB Wealth Unit Upgrades MasterKey Custom Accounts To MLC Wrap
MLC, the wealth management division of National Australia Bank, has upgraded its MasterKey Custom clients to its new full-service investment platform, MLC Wrap.
MLC Wrap provides a range of investment options including some 300 managed funds, ASX-listed shares and other listed securities, such as exchange traded funds, listed investment companies and interest bearing securities. MLC Wrap was introduced to the market in January 2011.
"By moving to MLC Wrap, MasterKey Custom clients will benefit from greater investment choice, improved account functionality and a more competitive free structure," said Michael Clancy, executive general manager for MLC Investment Platforms.
The upgrade has migrated 30,000 clients and $9 billion in funds under management to MLC Wrap.
