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AMP (AMLTF) Cash Receipts from Deposits by Banks and Customers


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What is AMP Cash Receipts from Deposits by Banks and Customers?

Cash Receipts from Deposits by Banks and Customers only applies to banks.


AMP (AMLTF) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AMP Ltd (OTCPK:AMLTF) » Definitions » Cash Receipts from Deposits by Banks and Customers
Traded in Other Exchanges
Address
50 Bridge Street, AMP Building, Sydney, NSW, AUS, 2000
At its roots, AMP is a wealth manager, providing financial advice via Australia's second-largest network of aligned financial advisors. It has a vertically integrated business model: AMP advisors can invest client funds into superfunds and non-super investments manufactured by AMP through the firm's own platforms, though advisors are free to recommend non-AMP products and third party platforms to their clients. The firm also has a small wealth presence in New Zealand with about 72 advisors. In addition, AMP also has a retail banking business focused on deposit taking and residential mortgages.