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.
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.