AMP ready to be ‘Facebook for advice’ as it delivers AU$848m FY17 profit

Australia and New Zealand-based financial services company AMP has delivered its financial results for 2017, reporting AU$848 million in after-tax profit — a AU$1.19 billion swing from FY16’s AU$344 million loss. During the year ending December 31, 2017, AMP formalised a partnership with US-based United Capital to help develop its new operating system, a new business model touted by AMP as one that will deliver a “world-class client experience”.

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