AMP’s Jigsaw sees service refurb

AMP’s range of solutions for self-licensed financial advisers, housed under the Jigsaw Advice Solutions brand, has expanded to support the rising number of practitioners operating under their own Australian Financial Services License (AFSL).

The refreshed Essentials package offers key AFSL and advice services to help practices manage their core licensing obligations, with a selection of add-on solutions available including AFSL setup, revenue management and processing, cyber protection, and the AMP Spark practice management framework for business consulting service.

“Advice at AMP has evolved in the past few years and whilst during that time we have been internally focused, working closely with our practices to deliver services that advisers value, we now see this as the right time to offer those improved services more broadly,” Matt Lawler, AMP Group Executive, Advice, said.

“As the operator of one of Australia’s largest licensee networks, we understand what advice practices are looking for to operate profitably and compliantly under a corporate license.

“We also understand many advisers are looking to run their practice under their own license so we’ve packaged our services and capability into Jigsaw Advice Solutions, which we’re confident will benefit the growing number of self-licensed financial advisers.

“Jigsaw sits alongside our evolved licensee offers – AMP Financial Planning, Hillross and Charter – which continue to support advice practices who benefit from being part of a large licensee.

“What’s most exciting about the revitalised offer is the scalability of Jigsaw, delivering value to practices of all sizes and tailored to their individual business needs.”

Other add-on solutions available for self-licensed advisers include AMP’s aged care referral service, buyer’s agent referral service and debt advice solution, in an effort to meet the needs of clients in different phases.

The announcement follows a 2023 Investment Trends report which found advisers sought add-on services to improve the advice they were providing to clients.

“Over the last two years, AMP Advice has worked closely with practices, both aligned and self-licensed, to develop an offer that supports them to confidently deliver best-in-class advice to clients whilst improving the economics in their business,” Michael Williams, AMP Head of Jigsaw Advice Solutions, said.

“Scale will be an important differentiator into the future for advice practices and our enhanced Jigsaw Advice Solutions will support self-licensed practices in accessing high quality solutions at a competitive price point.

“By extending our Spark business consulting services through Jigsaw in addition to our range of value-added services, we are providing more practices with the support they need to achieve their business ambitions – be that growth, efficiency or exit.”