MLC, NAB Wealth Unveils New Advisor Platform

Vanessa Doctor

27 January 2011

MLC and NAB Wealth has unveiled a new platform that gives users access to a wider range of investment options, includinng over 300 managed funds.

MLC Wrap is based on the award-winning Navigator N-Link technology that provides reporting capabilities and straight-through online processing for financial advisors. The new platform is a combination of the strengths of Navigator's MasterKey Custom's platforms to create a menu with diverse options, as well as an integrated managed account service for self managed super fund investors.

"In a wolrd where advisors are transitioning to fee for service, offering flexibility in the way these fees can be collected is a critical platform capability and MLC Wrap of this, Michael Clancy, executive general manager of MLC Investment Platforms, said in a media release.

MLC Wrap's features include a selection of eight direct share portfolios within a separately managed account, access to term deposits and a high interest cash account, SMSF solutions, access to personal insurance and margin lending products, portfolio management and tax optimisation tools, and real-time workflow tracking, among a host of others.

MLC manages over A$85 million on behalf of individual and corporate clients in Asutralia and has partnerships with more than 1,300 self-employed aligned and salaried advisors in the country, as well as over 3,000 independently owned and licensed advisors.