As a result of the Suncorp Promina merger, Suncorp acquired a trans-Tasman financial services suite of financial services brands now called Suncorp Wealth Management (SWM).
The business includes Suncorp Wealth Management and Financial Planning, Suncorp Investment Management Limited (SIML) and brands such as Asteron (Australia and New Zealand), Tyndall (Australia and New Zealand), Standard Pacific, Guardian Financial Planning, Guardian Trust (New Zealand) and Cameron Walshe.
Our products include superannuation (personal and employer-sponsored), managed investments (unit trusts and wrap service), life insurance (death, trauma and disability), other risk protection products (such as mortgage and credit insurance), financial planning and advice, and corporate and personal trusts and estate planning.
Our multi-brand approach allows us to provide these products and services to approximately 600,000 individual and small business customers through a number of channels. This includes 4,500 independent financial advisers and a 396 strong advisor network across Australia and New Zealand.
For the half year to December 2007, Wealth Management's profit contribution was $125 million before tax.
Total funds under management across Australia and New Zealand were $27 billion for the half year to December 2007.
