The offering, MLC Wrap, would leverage the capabilities of the Navigator and MasterKey Custom platforms to create a best-of-breed wrap, MLC & NAB Wealth group executive Steve Tucker said.
"MLC Wrap will cater for the needs of sophisticated and high net worth investors, a hotly contested segment of the wealth management market," Tucker said.
The new platform will incorporate Navigator's technology, service capabilities and separately managed accounts as well as MasterKey Custom's portfolio management tools and fully-integrated self-managed superannuation offer.
It will offer an investment menu comprising over 350 managed funds, Australian Securities Exchange listed shares and a range cash and margin lending products.
"MLC Wrap will support advisers to run efficient businesses and enable them to access a broad range of investment solutions from a platform that is free from the conflicts of volume-related payments and commissions," Tucker said.
