Disgruntled Shareholders Prompt Further Details from AMP on Life Business Sale, But FVE Unchanged
Shareholder concerns over the low price and lack of transparency over the life business sale prompted narrow-moat AMP Ltd to provide more details on the sale and the impact on its underlying business following the sale. The company is at a major inflection point, with a totally new business structure. Its also facing considerable regulatory and political risks stemming from the Royal Commission and is poised for a potential new strategy from the incoming CEO. In these circumstances, the continu...AMP is a wealth management company in Australia and New Zealand, with an international investment management business and a retail banking business in Australia. Co. provides retail customers in Australia and New Zealand with financial advice, superannuation, retirement income and investment products. Co. also provides superannuation services for businesses, administration, banking and investment services for self-managed superannuation funds, income protection, disability and life insurance, and selected banking products. As of Dec 31 2015, Co. had total assets under management of A$226.00 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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