The absolute worst thing that could have happened for AMP and the advisers deserve every bit of it
Lets face it. The AMPFPA basically shafted the advisers and looked after themselves.
Anyone wondering what I am on about. Check out the share registry for Invest Blue or even just check out the various FSGs that they have on their web site. Then, go take a look at who came from where and what practices they incorporated into this new model.
Is Invest Blue just the new vehicle for AMP FP advice business? It certainly looks that way.
Back to what happens next. If the advisers had any clout they'd reject the settlement and then go it alone against AMP. Theyve already won the war they just need to deal with the appeal. Sadly, the advisers are too weak and would rather moan about how hard done by they are so I cannot see it happening.
Meanwhile it is back to business as usual with the same old blokes doing the same old thing an Invest Blue.
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