Australian financial services firm AMP has restructured its financial advice business to support and strengthen its network of over 3,000 aligned-advisers.

AMP in a statement said that the changes will see the establishment of a dedicated governance function and independent boards for each licensee to help ensure a consistently high standard of advice across the network.

As part of the restructure, AMP Financial Planning, AMP Advice, AMP Horizons and AMP Direct will be integrated under a new managing director, Michael Paff.

The new team will consist of executive director advice Michael Guggenheimer, Dean Thomas as managing director of Hillross, Neil Swindells as managing director of Charter, Chris Digby as managing director of SMSF advice and Jigsaw, and Dave Akers will join as director of channel strategy and services.

Akers’ channel strategy and services unit will focus on simplifying processes for advisers while driving innovation, the company added.

AMP group executive advice and New Zealand Jack Regan said: "Our aligned advice network, the largest in Australia, helps customers across the country take control of their finances and achieve their goals.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"We are proud of the difference our financial advisers make to the lives of their customers and recognise the value of our Hillross, Charter, Jigsaw, SMSF Advice, AMP Financial Planning and AMP Advice businesses. Our simplified and enhanced operating structure will better support and grow this network."