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AMP Ltd (ASX:AMP)

Diversified Financials

AMP is a diversified financial services company with primary operations in financial advice, including financial planning and wealth management.

A big part of its business is licensing other planning groups to provide advice. AMP also has capabilities in investing (AMP Capital), banking and, until recently, insurance.

AMP demerged its Private Markets business within the AMP Capital arm, which comprised infrastructure equity, infrastructure debt and real estate.

As part of this demerger, AMP also sold AMP Capital’s Global Equities and Fixed Income business.

AMP Ltd (ASX:AMP) share price

AMP Ltd (ASX:AMP) share price news

Today's ASX news
Drew Meredith, CFP

3 key ASX takeaways from the week

The S&P/ASX 200 (ASX: XJO) fell 1.6% across the week, the third straight weekly loss in a row, while all three US benchmarks tumbled more than 2%.

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ASX Share Ideas
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3 cheap ASX shares I’d be avoiding

ASX shares with low price to earnings ratios don’t necessarily make good investments. Here’s 3 I’d be avoiding for the time being.

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Your 2-minute guide to Netwealth (ASX:NWL)

The Netwealth Group Ltd (ASX: NWL) share price has rocketed over 170% in the past five years. Here’s your 2-minute guide to the business.

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