AMPFP improves lending services
|
|
AMP Financial Planning (AMPFP) has appointed Australian Finance Group (AFG) as the provider of mortgage aggregation services to its mortgage consultants and financial planners in a three-year deal.
AMPFP has 380 accredited mortgage consultants in its 1,370 strong adviser base. The majority of those advising on mortgages are financial planners. The group wrote around $700 million in mortgages last year, a spokesperson for AMP said.
Like a number of other dealer groups, AMPFP is looking to lending advice as part of its growth strategy, with AMPFP head of product research Brad Barr saying the deal would assist the group's planner/ mortgage consultants to expand their businesses.
Barr said the group's advisers would now have access to a broader range of lenders and types of loans, including access to residential, commercial, personal and leasing products. AFG will also provide administration, education and marketing support, among other services, to AMPFP's advisers from December this year.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
