Helmich elevated, Waddell out in AMP reshuffle

Financial planning industry stalwart Steve Helmich has been promoted to executive director of financial planning at AMP in a management reshuffle that will see Andrew Waddell leave the company. Waddell, who was director of advice – strategy and development, will leave AMP on a date to be announced. The restructuring simplifies the top-level management of […]

AMP lost in a storm?

AMP is doing deals to lure new financial planning practices and shore-up distribution, but this could lead to more trouble ahead for the wealth management giant, whose share price has been steadily falling. AMP has mounting liabilities, with old and new buyer-of-last-resort agreements in place to acquire financial planning firms from retiring principals in the […]
On Practice

Retirees pass batons to newbies at Hillross, AMP

AMP is countering the loss of retiring advisers by attracting new advisers and practices to its premium dealer group Hillross. Hillross has signed up 11 newcomers, helping them set up their own businesses, while a further seven established practices, representing over $1 billion in funds under advice, have also joined in the last 12 months. […]