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
Clime’s disposal of advice licensee Madison “needed to happen yesterday”, managing director Michael Baragwanath has told Money Management, as he concludes a severe cost-out period at the business.
As Viola Private Wealth continues on its growth trajectory, the wealth management firm has appointed a seasoned investment professional to be its first chief investment officer.
Financial advisers who wish to implement artificial intelligence in their practices need to undergo a change in their mindset as to how they use technology.
With United Global Capital expected to constitute a substantial portion of CSLR compensation in FY25–26, what has AFCA ruled in its determinations on the company so far?