The economics of wealth including advice are interesting.
The good news is that while AMP has halved the number of advisers it is about to lift licensee fees. If they gave 1500 advisers they may get as much as $50m for licensee fees, up from about $25m when they charged more advisers a lot less. But when you look at the size of the losses, you can see that the cost savings will have to be huge to shift this division to profit. Worse still when you look at net outflows and the shift into lower margin product.
‘’The buzz words about technology and advice for all is just rubbish. There is no money there.
- Forums
- ASX - By Stock
- AMP
- AMP Advice and Wealth
AMP Advice and Wealth, page-4
- There are more pages in this discussion • 276 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.17 |
Change
0.015(1.30%) |
Mkt cap ! $3.171B |
Open | High | Low | Value | Volume |
$1.17 | $1.17 | $1.16 | $13.67M | 11.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 308840 | $1.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.17 | 173709 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 262079 | 1.160 |
5 | 226368 | 1.155 |
6 | 152601 | 1.150 |
3 | 33321 | 1.145 |
3 | 36765 | 1.140 |
Price($) | Vol. | No. |
---|---|---|
1.175 | 291089 | 17 |
1.180 | 260041 | 18 |
1.185 | 94811 | 7 |
1.190 | 245662 | 7 |
1.195 | 63239 | 7 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
$1.17 |
  |
Change
0.015 ( 0.83 %) |
|||
Open | High | Low | Volume | ||
$1.16 | $1.17 | $1.16 | 2905064 | ||
Last updated 15.59pm 28/03/2024 ? |
Featured News
AMP (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online