AMP University Challenge opens
AMP is looking to promote a new generation of advisers to take the industry forward amid a growing need for high quality, professional advice with its University Challenge.
Any university and TAFE students could enter the challenge individually or as a team and try their hand at being a financial adviser and have a change to share $10,000 in prize money.
The first assignment was devising a financial plan for a hypothetical couple.
AMP Australia chief executive, Alex Wade, said: “Financial advice is a great career and can have a profoundly positive impact on the quality of life of those who receive advice.
“The AMP University Challenge is an ideal platform for talented students to showcase their capability and kickstart a career in the industry.”
The finals, to be held in October, would include a series of activities and quizzes to decide the ultimate winner.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
