The Institutional Shift: How NAB/MLC and AMP Departures Have Changed The Landscape

With the NAB/MLC acquisition now complete, hundreds of advisers are now settling in or about to move under their new IOOF custodianship. However, a significant number made early moves from MLC licensees to elsewhere in the market. We look at the losses to NAB/MLC over the past five years and compare it to the beleaguered AMP.