AMPFP imposes changes to planner support
AMP Financial Planning has undertaken a revamp of its financial planner support network, which has included the departure of at least four managers from within its operations team.
The changes were announced today by AMP ABD operations chief operating officer Paul Sainsbury, who said they were designed to allow AMP to provide more and better-targeted support to planners in regions where it was needed.
“This announcement is the latest step in the ongoing transformation of AMP’s financial planning businesses,” he said.
Sainsbury said that in addition to establishing the new structure, he had also appointed a new team to lead within the operations area.
However, he said that of the previous management team, one manager had a new role, one was seeking alternative opportunities within AMP and four had indicated they would be leaving the company.
Sainsbury said the changes flowing from the AMP strategy included aligning the company’s operational back up and services more directly with financial planners’ needs, developing support services such as quality advice solutions (developing and managing advice solutions), planner practice solutions (developing and managing planner business solutions), and customer solutions (services to planners).
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.