AMP adviser numbers shrivelBY ELIZABETH MCARTHUR | TUESDAY, 12 JAN 2021 12:18PMThe number of financial advisers licensed by AMP dropped dramatically in 2020, with the institution no longer the largest AFSL in the country by number of advisers. Related News |
Editor's Choice
Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure
Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise.
Sequoia revokes dividends, chief financial officer exits
Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue.
Acclaim Wealth names chief executive
The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm.
Global X cuts fees on gold ETF
Global X has reduced fees on its Gold Bullion ETF, following in the footsteps of VanEck after it cut fees for its gold ETF last week.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Having been an AMP/Charter adviser for 16 years, and having been one of the numbers who left for another Licensee during the discussed period, I can't begin to tell you what a relief it's been to get away from them. The treatment metered out to myself and other advisers in the network was shameful to say the least. AMP has never understood the value of the human capital within their ranks, a fact that I believe will see their eventual complete demise. Good riddance, I say