MLC Asset Management has expanded its dedicated managed accounts teams, naming Brent Bevan as head of investment consulting.
He's joined by Neil Gellett, who has been appointed head of managed accounts.
"The growth of the team reflects the continued uptake of managed accounts among advisers and increasing demand for access to MLC's professionally managed portfolio construction services," said MLC AM's director of managed accounts, Jason Komadina. "As the advice industry evolves, managed accounts continue to be one of the fastest-growing segments of the wealth industry, with Australians having invested more than $95 billion. At MLC, we see managed accounts playing a central role in supporting advisers to deliver on client investment goals, in line with their risk appetite and preferences."
Bevan joins the organisation from Mercer where he was an asset consultant. He was previously the head of research for CBA's wealth advice business and was an investment research analyst at Suncorp.