MBF financial planning business ClearView Retirement Solutions has passed $2 billion in funds under management (FUM), an increase from $1.83 billion at 30 June 2006.
Around 5000 more retirees or pre-retiree households have sought financial advice from the group in recent years, an MBF spokesperson said.
Since MBF's acquisition of the business in 2004 from Insurance Australia Group, ClearView has added FUM of $790 million, a 64.2 per cent increase.
ClearView Retirement Solutions and MBF Life had each made positive contributions to the group's strong financial performance, MBF chief executive Eric Dodd said.
"ClearView is experiencing strong sales growth as an increasing number of 'baby boomers' approach or reach retirement and are considering their options for retirement income," Dodd said.
"Reaching $2 billion in funds under management is all the more significant because this accounts for investment in ClearView specific financial products."
Around half of ClearView's financial advisers now operate from MBF member centres, with an increasing number of customer referrals coming from these centres.
The group is based mainly in New South Wales and the Australian Capital Territory but is expanding interstate along the eastern seaboard and into Tasmania.
The growth has also resulted from a marketing campaign including a weekly retirement planning advice segment on a Sydney AM radio station.
