MLC migration to IOOF – Issues For Advisers

Subject to how many MLC advisers ultimately commit, IOOF will house the largest adviser network in the country with almost 1,900 advisers, overtaking the once dominant AMP. While much of the media attention has been on the advice metrics, IOOF will also become the largest retail wealth manager by Platform FUAdmin with nearly $200 Billion, or more than 25% of the platform market. With technology being a cornerstone of IOOF proposition for advisers, how do the combined IOOF and MLC platforms stack up?