AMP announces the North platform reached $14.9 bn of managed account portfolio assets under management as at 31 March 2024

AMP reports growth in assets under mangement for March 2024 quarter

AMP Ltd on 18 April 2024 has released its Q1 2024 cashflows and latest assets under management figures

  • North inflows from IFAs increased 22% on Q1 2023 to $544 million in Q1 2024
  • North assets under management reach $14.9 bn as at end of Q1 2024
  • Super and Investments AUM increased to $54.1 billion (Q4 23: $51.9 billion)
  • AMP Bank total loan book of $23.5 billion, down from $24.4 billion in Q4 23
  • AMP Bank total deposits grew to $21.4 billion, up from $21.3 billion in Q4 23
  • Platforms net cashflows were $201 million, up 32% on Q1 23 of $152 million

Please read the attached media release for more details and contact information for questions

Contact Daniel Paperny - Senior Media Manager
AMP Limited

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