The team providing The Portfolio Solutions service will help build portfolios, offering comprehensive stress testing of financial outcomes.
In addition to UHNW investors as and other small institutuions, the service will also be provided to not-for-profit organisations and MLC expects to double the number of clients it provides this kind of tailored service.
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MLC investment strategist Michael Karagianis who leads the Portfolio Solutions team said: "The service brings together the very best expertise and modelling capability from the collective asset management and consulting businesses at NAB and MLC."
"For many UNHW clients, wealth accumulation is not a priority; they have been able to generate wealth successfully from their own activities. We find many UHNW clients are seeking solutions to ensure the real value of existing wealth is protected over time so it may generate enough income to keep pace with inflation and maintain their lifestyle into and through retirement," he added.
Meanwhile, the availability of Portfolio Solutions is limited to individual and institutional investors having more than US$3 million in investable assets and can be accessed via MLC-aligned and NAB Private Wealth advisers.
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