AMP Financial Planning has taken GIO Fund Managers into its embrace to make Australia’s largest financial planning group even bigger.
AMP Financial Planning has taken GIO Fund Managers into its embrace to make Australia’s largest financial planning group even bigger.
The new group which will also include salaried advisers from AMP Solutions, will will begin operating from June 15.
AMP’s general manager, advice and services, Neil Swindells, says advisers in the group will be able to choose how they wish to be remunerated.
“The flexibility available within the integrated group will provide more recruitment options, including offering self-employed or salaried terms and conditions.”
The 1600 strong group will continue to be lead by managing director Steve Helmich and will be supported by zone managers in Victoria and NSW.
Swindells said the decision to integrate AMP and GIO advisers was made on the basis of economies of scale.
