AMP Limited (ASX:AMP) has reported third quarter cashflows with its Wealth Management division more than doubling its cashflows compared to last year.
The company says the division’s net cashflows were $476 million for the quarter while its assets under management also grew on the back of positive investment returns.
AMP Bank’s mortgage book increased 1.4 per cent to $14.2 billion at the end of the quarter.
CEO Craig Meller says this continues the company’s solid momentum across the business with the focus on Asia continuing to deliver results.
AMP reported a net profit of $407 million in the first half of the 2014 calendar year.
