AMP (ASX:AMP) share price rises despite ASIC proceedings
Jaz Harrison
May 27, 2021
The AMP Limited (ASX:AMP) share price is up more than
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.
The AMP Limited (ASX:AMP) share price is up more than
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