No cut in AMP salaried advisers
There maybe a lot of talk of staff cuts at AMP following its take over of GIO, but no salaried advisers are about to lose their jobs at AMP or GIO. In fact, AMP is re-cruiting more.
There maybe a lot of talk of staff cuts at AMP following its take over of GIO, but no salaried advisers are about to lose their jobs at AMP or GIO. In fact, AMP is re-cruiting more.
An AMP spokesman confirms that the group plans to have 350 salaried advisers employed by the end of this year.
GIO already has 225 internally employed advisers in its GIO Fund Managers channel while AMP has 90 in AMP Solutions.
The AMP spokesman, however, declined to comment further on brand and other integration issues.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
