AMP acquires four Kiwi advice firms

AMP has expanded its toehold in New Zealand, with four new financial planning practices joining the AdviceFirst network, of which it is a majority stakeholder.

AdviceFirst has bedded down the acquisition of John Grogan Insurances Lyd, Advice 4 U, Bob Edwards Insurance and Investments Ltd and Colin Strang Financial Services Ltd, bringing the total number of qualified advisers to 39 across New Zealand.

“AdviceFirst has a commitment to providing the highest quality advice and as a result of these aquisitions, we’re excited to welcome a significant number of new clients and demonstrate our unique value proposition to them,” said AdviceFirst executive chairman Peter Chote.

“We’re particularly pleased to be opening a new office in Dunedin as we continue to grow our presence nationwide.

“All our advisers benefit from access to [AMP’s Quality Advice Network], which provides them with an extensive range of services to support the delivery of quality financial advice for our expanding client base.”

promoted stories

SUBSCRIBE TO THE IFA DAILY BULLETIN

News

Business Strategy