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Behind Our Advices

Behind Our Advices

About MLC

MLC is the wealth management division of the National Australia Bank (NAB). MLC provides investment, superannuation, insurance and private wealth solutions to individuals, corporate and institutional customers.

MLC supports the provision of quality financial advice through its financial planning networks including NAB Financial Planning, Godfrey Pembroke, TenFifty Financial Group and Apogee Financial Planning.

MLC Asset Management includes a range of businesses and partners that in aggregate manage over A$154bn assets under management as at 31 March 2020.

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 37 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 one of the largest multi-managers in the world.

MLC holds the number one position for personal insurance annual enforce premiums with 18.9% market share (source: DEXX&R Life Analysis as at December 2010) and is the largest provider of superannuation in Australia with 20.8% market share (source: Plan for Life Quarterly Data System as at December 2010).


MLC is the partner of choice for more than 1,700 self-employed aligned and salaried advisers in Australia. It is committed to growing and fostering its relationships with more than 4,000 independently owned and licensed advisers who choose MLC’s financial solutions to meet the needs of their clients.