AMP Financial Services has upped the number of its financial planning staff by 6.5 per cent in one year by investing in initiatives such as a Planner Academy, which attracted 750 applicants and created 64 positions.
As a result, operating earnings for the company’s contemporary wealth management division, which includes financial planning, superannuation, pensions and banking businesses rose by 25 per cent to $306 million.
Other programs are underway to improve planner productivity including the expansion of paraplanning programs and increased automation, according to AMP.
