The new business has been formed through a joint venture with leading risk specialist practice MBS Insurance.
It will deliver personal risk protection strategies for individuals, SMSF and business clients which enables individuals to protect their income, families and lifestyle. Business owners can protect the equity in their business, insure for key person risk and protect their employees.
The new business will be led by Andrew Kennedy, who has been in the Wealth Management division of HLB Mann Judd since 2007.
Mr Kennedy said that the service formalises the long-standing relationship between HLB Mann Judd and the highly regarded risk insurance specialists at MBS Insurance.
“HLB Insurance Services brings together our client-focussed approach with MBS’s industry expertise and proven insurance administration capabilities, to broaden and improve upon the wealth advisory services we are able to provide,” Mr Kennedy said.
“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.
“Our aim is to make the discussion about insurance needs, and the process of applying for and claiming on insurance, as simple as possible for our clients,” he said.
HLB Mann Judd wealth management partner, Jonathan Philpot, who was one of the drivers of the initiative within HLB Mann Judd, said the firm had identified insurance as a key area for the firm’s clients.
“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.
“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,” he said.
“Adherence to the highest standards of best practice and dedicated business infrastructure provides a comprehensive risk offering to clients,” said Drew Burden, director of MBS
“We are excited to be to working with HLB Mann Judd as collectively we bring together the best of our respective organisations to create a new way to support clients to protect their financial futures.”
HLB Mann Judd Sydney is a firm of accountants and business and financial advisers, and part of the HLB Mann Judd Australasian Association.
Headquartered in Sydney, MBS Insurance commenced operations in 2006 and today is a highly regarded national risk specialist.
For more information please contact:
HLB Mann Judd Wealth Management NSW
(02) 9020 4196