HLB Mann Judd Sydney’s wealth management wing has created an insurance business in partnership with MBS Insurance.
The new business will provide personal risk insurance for individuals, SMSFs and business clients, the company said in a statement, and will be led by HLB Sydney’s Andrew Kennedy.
“HLB Insurance Services brings together our client-focused approach with MBS' industry expertise and proven insurance administration capabilities, to broaden and improve upon the wealth advisory services we are able to provide,” said Mr Kennedy.
“We will be working closely with clients to ensure they have appropriate cover for their financial risk, as well as assisting clients when claims need to be made, helping to expedite claims so that clients can access much needed funds quickly and simply.”
HLB Mann Judd wealth management partner Jonathan Philpot said insurance was a “key area” for the business’ clients, and the launch of the new insurance business is intended to address this.
“The low level of understanding of the personal insurance offering, including the different types of insurance and the level of cover needed, requires a professional solution, something that unfortunately has not been provided by some in this industry,” he said.
“Also, the level of change in the personal insurance market means that insurance is no longer a ‘set-and-forget’ part of client’s financial plan. Professional management and reviews of clients’ portfolio is vital to ensure their needs and objectives are adequately covered by the strategies that have been put in place.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 20 Nov 2018FASEA standards still raise questions: AFABy Eliot Hastie
- 20 Nov 2018Industry group slams ‘cosmetic’ changes by FASEABy James Mitchell
- 20 Nov 2018‘Culture’ at the heart of CBA advice failingsBy Adrian Flores
- 20 Nov 2018Netwealth reveals new licensee partnershipBy Adrian Flores
- 19 Nov 2018ClearView launches dealer services offerBy Adrian Flores
- 19 Nov 2018Lonsec introduces super research to advisersBy Sarah Simpkins
- view all