AMP reports $168B total wealth AUM in Q3
- AMP registered strong net cash flow growth across its wealth platforms in the third quarter.
- The company's stock fell 2.44% to close at $2.40 following the update.
- Growth strategy centres on driving wealth platform inflows and capital management through share buybacks.
AMP (ASX:AMP) reported total wealth assets under management of $168 billion for the third quarter of 2026, driven by a 20% increase in platform net cash flows to $1.5 billion.
The platform's net cash flow result of $1.5 billion marks an increase from $1.2 billion recorded during the third quarter of 2025.
"Our focus in the third quarter has remained on driving growth in our wealth businesses. Our Super & Investments business third-quarter result reflected the seasonality we typically experience in the second half," said AMP CEO Blair Vernon.
Superannuation and investments registered net cash outflows of $138 million, representing an improvement from the $241 million outflow recorded in the third quarter of 2025.
The company confirmed it has returned $75 million of its planned $150 million on-market share buyback to investors.
Following the announcement, the AMP share price was down at $2.40.
Platform assets under management expanded to $93.6 billion during the quarter, supported by growth in its North Managed Portfolios to $29.5 billion.
In New Zealand, the wealth management arm posted net cash flows of $100 million, compared with $64 million recorded in the prior corresponding period.
