With the AMP Advice division continuing to run at a substantial loss and as it seems, will continue to do so well into the long foreseeable future, why would an independent financial adviser (non aligned) move their clients to the North Platform? There are many platforms available on the market and all are looking for ways to improve interface/useability/attractiveness/fund availability etc for the financial adviser. Why would a (potentially cynical) financial adviser be bold enough to make this move?? North as platform will need to be undoubtedly the best to win hearts and minds. Interested in thoughts and the medium term impact to the overall business as the way I see it, it's a very long game that will need to be played here and a lot of patience required.
https://www.ifa.com.au/news/31219-amp-ceo-concedes-advice-business-will-continue-to-run-at-substantial-loss-in-2022?utm_source=IFA&utm_campaign=23_05_22&utm_medium=email&utm_content=2&utm_emailID=
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