Of the 4 big banks.
Westpac has offloaded its financial advice assets, but will retain superannuation, investment management and insurance subsidiaries.
ANZ has sold its self-employed financial advice licensing businesses to IOOF and intends to sell its pension and investments business pending regulatory approval. It will keep its salaried financial planning operations.
CBA has suspended its wealth spin-off.
NAB has sold its MLC wealth business divestment to IOOF.
But there are lots of smaller financial advice companies such as Challenger, Janus Henderson, Magellan, Platinum etc. All of which could be willing to snap up AMP's Wealth Division.
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