AMP could double planner numbers
The proposed deal between AMP and AXA Asia Pacific could see AMP as the dominant force in the financial planning marketplace, with the number of AMP-aligned planners doubling to 4,000 across Australia and New Zealand.
AMP chief executive Craig Dunn said the strength of both companies would create a new force in Australia and New Zealand, with financial advice at its heart.
“In addition to doubling the number of aligned AMP planners to more than 4,000 across Australia and New Zealand, this proposed transaction would substantially increase the number of relationships with non-aligned financial advisers.”
He added that the deal could strengthen AMP’s competitive capability, enabling it to offer an even stronger competitive wealth management alternative to the big four banks.
Recommended for you
New York-based firm CC Capital has bumped up its offer to stay ahead of rival bidder Bain Capital.
In a tight race against Morgans, AMP Financial Planning has won back its position as the largest individual licensee in Australia, according to Wealth Data.
Learning to delegate authority and relinquish a hands-on approach is a critical step towards building a self-sustaining financial advice practice, says Assured Support.
Private wealth management company Stellan Capital has appointed a new chief executive, who brings over three decades of experience in the global financial services industry.
