Australian financial services company providing superannuation, investment, and insurance products.
The advice from AMP Limited is sound and well-researched. However, the total costs including management fees, fund charges, and platform fees add up to more than I expected. Performance has been decent but after fees, the net return isn't dramatically different from what I could achieve with low-cost funds.
Pros: Professional advice, well-researched recommendations
Cons: Total costs reduce net returns significantly
What I value about AMP Limited is their transparency. Every fee is clearly explained, investment recommendations come with thorough rationale, and there are no conflicts of interest from product-pushing. My returns have been steady and in line with expectations. A reliable choice for wealth management.
Pros: Transparent fees, no conflicts, steady returns
Cons: Conservative approach may not suit aggressive investors
I've been a client of AMP Limited for four years. The portfolio management is solid with consistent risk-adjusted returns. Quarterly reports are comprehensive and my advisor is always available for questions. The one area I'd improve is their digital experience - the portal feels outdated compared to newer firms.
Pros: Solid management, good communication, consistent returns
Cons: Digital platform needs updating
I was sold a vision of bespoke wealth management but what I received felt more like a standardised service with a premium price tag. My so-called personalised portfolio looks suspiciously similar to their model portfolios. Returns have been below benchmark. Currently considering switching to a different provider.
Pros: Initially impressive onboarding
Cons: Standardised service at premium price, below-benchmark returns
My wealth manager at AMP Limited has been invaluable. They took the time to understand my financial goals, risk tolerance, and life circumstances. The investment strategy they built is tailored to my needs, not a one-size-fits-all model. Regular reviews keep everything on track. Worth every penny of the management fee.
Pros: Truly personalized service, tailored strategies, regular reviews
Cons: Higher minimum investment required