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AMP Advice and Wealth, page-262

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haodinh

244 Posts.

39

15/06/22

18:38

Post #: 62020090
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Originally posted by Squeaks: ↑

if the current trend continued cashflows would be positive by 2024. But the if you look at the shift in margins earned on funds as a result of the mix of products used there will be a profit impact.

BTW - the answer to the other question is that overall platform net flows for the last quarter were flat. Funds are moving from old north and summit to lower priced new north. And more money is leaving platforms than is coming in as new investments from existing or new clients.

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Amp just started their new advice model. Movement of funds are all distorted. We won't see the real results for platforms until 2023.

AMP Price at posting: 98.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Last $1.08		Change 0.010(0.94%)		Mkt cap ! $2.914B

Open	High	Low	Value	Volume
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