Quality financial advice helps you build and protect your financial future and considers your superannuation, direct investments, insurances, cash flow, debt and estate planning needs.
The financial services industry is constantly evolving to keep pace with the increasing wealth of Australians and complexity of their needs. One of the changes taking place is providing more choice about the way you can pay for the advice you receive.
Advisers have traditionally been paid a commission from fund managers or insurers for selling a product and this commission was paid until the product matured or was closed.
Although some advisers use commissions to provide an ongoing client service, it can be unclear what service you are entitled to and what you are paying for the product versus the advice you receive. It can also be difficult to stop paying the commission if advice is no longer needed.
By paying a 'Fee for Advice' there is greater clarity about how much you pay for the advice you receive, separate from the cost of the product that you use.
We strongly support and encourage advisers to use a 'Fee for Advice' model, with investment products that allow you to see where your money is going. This way you can agree with your adviser how much, and how, you pay for the advice you receive.
Our Fundamentals products help advisers provide you with product solutions with clear fees.
As your adviser is paid by you rather than a product provider, you know that decisions are being driven by your needs.
At MLC we believe in the difference that working with an expert adviser can make to your financial future. If you would like to find a Fee for Advice adviser near you, please refer to Find an Adviser.