Once the AMP advice sale to Entireti is completed, the size of the combined licensees will be almost double that of the second-largest licensee Count, and the deal is being positively received by commentators and shareholders.
With the exit of over 1,000 advisers from AMP, questions have been asked as to how this will affect assets on the North platform.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.
While ETFs are growing in popularity with advisers, there is a growing divide in demand between those which are index and active, and advisers are “unconvinced” by the active offerings.
Federated Hermes has expanded its Australian and APAC distribution team with a newly created role.
More than 100 new entrants have joined the financial advice profession so far in FY25, according to Wealth Data analysis, while AMP’s exit from advice will create a licensee shake-up.
Platinum Asset Management has shared its latest monthly update amid its turnaround strategy, with outflows continuing to impact its FUM.
The Principals’ Community has enhanced its value proposition by partnering with SuperConcepts, enabling its self-licensed advice practices to utilise the SMSF software.
Wrap platform Expand has announced it has doubled the number of separately managed accounts available for advisers, with five new investment managers added.
AMP chief executive Alexis George has detailed to Money Management how its exit from advice will change the industry, allow greater scale for advisers and a new role for advice executive Matt Lawler.
