AMP 0.93% $1.07 amp limited

As part of my current shorting binge, I did some research into...

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    As part of my current shorting binge, I did some research into AMP FP practices. From this I have found that;
    1. AMP have gotten rid of many smaller advice practices
    2. Many of the decent financial advisers have left AMP
    AMP are basically left with the practices that cannot get out due to;
    1. Higher LVR on debt owed to AMP Bank for practice purchases
    2. Compliance problems
    3. The adviser is not able to be accepted by another advice licensee (education not up to date, compliance risk etc.)

    Is this the place you would go for top-quality financial advice? if the class action doesn't work out for advisers what happens to those that are left at AMP?
 
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