An exciting future as an independently owned wealth management business

Today, NAB announced a reshaping of its wealth management strategy. NAB intends to exit the advice, platform, superannuation and asset management businesses that currently operate under MLC and other brands including Private Investment Consulting. This announcement is the outcome of a detailed nine-month review.

NAB is targeting separation of the businesses by the end of 2019 calendar year, subject to market conditions and required approvals.

What does this announcement mean for you?

It is planned that Godfrey Pembroke Ltd will be part of the independently owned wealth management business upon separation.

There will be no impact on our relationship with you, or on your investments, as a result of this announcement. The teams that manage your MLC investments will be included in the newly independent wealth business and there will be no change to them or their investment processes. They’ll continue to focus on strong investment outcomes and leading investment solutions.

An exciting future as an independent wealth management business

The business will comprise well-established and recognised brands across advice, super, retail investments and asset management, and has a strong foundation for future growth. It is well positioned to continue delivering on your wealth management needs.

What Next?

We will keep you updated as this strategy progresses. In the meantime, please let me know if you have any questions.

We remain committed to delivering high quality advice with leading investment solutions.

Yours sincerely,

Charmaine

GLOBAL WEALTH PARTNERS PTY LTD ABN 75 136 786 055 T/A GLOBAL PARTNERSHIPS FINANCIAL CONSULTING AUTHORISED REPRESENTATIVE OF GODFREY PEMBROKE LIMITED ABN 23 002 336 254
AUSTRALIAN FINANCIAL SERVICES LICENSEE AND INSURANCE BROKER
A member of the National Group of Companies REGISTERED OFFICE 105-153 Miller Street, North Sydney NSW 2060

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.