About MLC

MLC is the wealth management division of the National Australia Bank (NAB). MLC provides investment, superannuation and insurance solutions and supports the provision of quality financial advice which helps people achieve and protect their lifestyle and financial goals.

Through a vast network of financial advisers, MLC provides quality financial planning services to individual investors and corporate customers throughout Australia. MLC also provides corporate and institutional customers with out-sourced investment, superannuation and employee benefit solutions.

MLC manages more than $102 billion on behalf of individual investors and corporate customers in Australia (as at March 2008).

MLC uses a 'manager of managers' investment approach. This means MLC does not directly manage investment funds. Instead, MLC's multi-manager options combine the expertise of up to 28 leading investment managers from around the world.

This approach gives investors access to a combination of individually selected investment managers providing diversity across asset classes, within asset classes and across investment styles. The aim is to provide greater consistency of performance in variable market conditions compared to a single manager and significantly reduce risk without compromising the overall return. MLC is the third largest multi-manager in the world, with more than 7.7% of the world market share (Cerulli Associates-Cerulli Quantitative Update: Global Multi-manager Products 2006).

MLC holds the number one position for personal insurance annual inforce premiums, with 14.8% market share (source: DEXX&R Life Analysis as at December 2007), and is ranked the number one provider of Master Funds (platforms), with 14.4% market share (source: Plan for Life Australian Retail & Wholesale Investments Market Share and Dynamics Reports as at December 2007).

MLC is the partner of choice for around 1,300 self-employed aligned and salaried advisers in Australia and holds relationships with more than 3,000 independently owned and licensed advisers who choose MLC's financial solutions to meet the needs of their clients.

MLC owns and operates the financial services licence for Godfrey Pembroke Limited, Apogee Financial Planning Limited and GWM Adviser Services Limited (trading as Garvan Financial Planning and MLC Financial Planning). MLC also provides infrastructure and services to NAB Financial Planning, the business which meets the financial advice needs of NAB customers.