AMP restructures financial advice network

AMP restructures financial advice network

Financial services firm AMP has made a number of changes to its financial advice arm, including combining several advice businesses in to a new unit with a single managing director.

In statement today, AMP announced a new operating structure that will see the establishment of a “dedicated governance function and independent boards for each licensee to help ensure a consistently high standard of advice across the network”.

AMP Financial Planning, AMP Advice, AMP Horizons and AMP Direct will come together as an integrated unit under the leadership of newly-appointed managing director Michael Paff.

In addition, a new Channel Strategy and Services team will focus on simplifying processes for advisers while driving innovation.

Meanwhile, Michael Guggenheimer has been appointed executive director advice, tasked with establishing the licensee boards and “continuing AMP’s focus on quality governance”, the statement said.

Hillross will be led by newly-appointed managing director Dean Thomas, while Neil Swindells has been appointed managing director of Charter.

Other appointments include Chris Digby as managing director of SMSF Advice and Jigsaw as well as Dave Akers as director, Channel Strategy and Services.

Jack Regan, AMP group executive advice and New Zealand said, “Our aligned advice network, the largest in Australia, helps customers across the country take control of their finances and achieve their goals.

“We are proud of the difference our financial advisers make to the lives of their customers and recognise the value of our Hillross, Charter, Jigsaw, SMSF Advice, AMP Financial Planning and AMP Advice businesses. Our simplified and enhanced operating structure will better support and grow this network.

“We’re excited for the future of our advice business and the changes we’ve announced today position us to continue our growth and support our advisers to make a positive difference to the lives of many Australians.”

Read more:

Young Aussies in the dark about super

Suncorp changes prompt Nikko AM restructure

Group insurance critical for Australia: FSC

Pimco names new private strategies head

Citibank refunds $5m in transaction fees

Related Articles


AMP restructures financial advice network
ID logo
promoted stories


Tania Cummin

Equip Super appoints strategy and markets executive

Staff Reporter

Paul Harding-Davis

Premium China Funds Management names new CEO

Jessica Yun

Matthew Wallis

Synchron appoints new state manager

Staff Reporter


investordaily image

A correction, not a turning point

James Swanson

Martin Dropkin

Why bond covenants matter

Martin Dropkin

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton