MLC & NAB Wealth’s new full service wrap platform, MLC Wrap, is now open for business.
MLC Wrap leverages the strengths of the Navigator and MasterKey Custom platforms, creating a platform which is rich in functionality and investment options.
MLC Wrap offers a diverse investment menu, with an integrated separately managed account service and a complete solution for self managed super fund (SMSF) investors.
Furthermore, the platform is underpinned by Navigator’s award winning technology, n-link.
Executive General Manager of MLC Investment Platforms, Michael Clancy said, “MLC Wrap is built on award winning platform technology which provides financial advisers with comprehensive reporting capabilities and online straight-through processing.
“It also has an extensive range of Adviser Service fee options, enabling advisers to collect fees for advice in the way that best suits their business model. Options include charging flat dollar or asset based fees, indexed and tiered fees.
“In a world where advisers are transitioning to fee for service, offering flexibility in the way these fees can be collected is a critical platform capability and MLC Wrap offers the most flexibility in the market.
“With its sophisticated technology and extensive investment menu, MLC Wrap is the most feature packed platform currently available for sophisticated and high net worth investors,” Mr Clancy said.
MLC Wrap’s features include:
- An extensive range of investment options including more than 300 managed funds, ASX listed shares and other listed securities, such as exchange traded funds (ETFs), listed investment companies (LICs), interest bearing securities and instalment warrants.
- A selection of eight direct share portfolios within a separately managed account.
- Access to term deposits and a high interest cash account.
- An SMSF solution for the establishment and ongoing management of a client’s fund, including an extensive compliance and administration service.
- Access to personal insurance and margin lending products with the ability to tax effectively pay insurance premiums from a member’s super or SMSF account.
- A simple, competitive and transparent pricing structure across superannuation, investments and self managed super products.
- A flexible range of adviser service fee options including flat dollar or percentage based fees with multiple variations on how these fees can be applied.
- Award-winning technology that provides advisers with easy-to-use online solutions and real-time information, making it easier for advisers to manage clients’ investments and run their business more efficiently.
- Sophisticated portfolio management and tax optimisation tools, real-time workflow tracking and comprehensive client and business reporting functionality.