AMP to launch financial advice modelling technology



Newly-launched AMP financial advice modelling technology engine to be delivered through AMP Advice is looking to provide clearer choices to customers who are struggling to achieve their financial goals.
Commenting on the launch of the engine, AMP group executive wealth solutions and chief customer officer, Paul Sainsbury, said: “The engine now forms an integral part of AMP’s Goals 360 – a contemporary advice experience for advisers.”
“It supports richer conversations and helps build stronger relationships with clients.”
The goals engine would be progressively rolled out to AMP Advice practices from this week.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.