Welcome to our dedicated page for Ameriprise Financial news (Ticker: AMP), a resource for investors and traders seeking the latest updates and insights on Ameriprise Financial stock.
Ameriprise Financial, Inc. (NYSE: AMP) is a leading name in financial planning and services in the United States. Established over 130 years ago, Ameriprise specializes in providing personalized financial advice to individuals, businesses, and institutions. The company has built its reputation on a foundation of core values such as client focus, integrity, excellence, and respect for individuals and communities.
Ameriprise stands out with its extensive network of approximately 10,000 financial advisors who cater to over 2 million clients. The company's core business revolves around asset and wealth management, contributing to about 80% of its revenue. As of the end of 2023, Ameriprise managed assets worth around $1.4 trillion, showcasing its significant presence in the financial sector.
With a client-centric approach, Ameriprise emphasizes understanding clients' diverse needs and helping them craft financial plans that align with their long-term goals. The firm has garnered several accolades, including being listed as one of the best places to work for six consecutive years and supporting over 6,000 nonprofits.
Ameriprise has strategically evolved its business model by reducing its insurance segment exposure, including the sale of its auto and home insurance business in 2019 and exiting proprietary fixed annuities in 2020. This strategic shift allows the company to focus on its robust wealth and asset management capabilities.
Recent achievements include continuous growth in assets under management, impressive financial performance, and expanding partnerships. For instance, Ameriprise recently announced a new partnership with Kinecta Federal Credit Union, enhancing the reach of its financial services.
The firm’s diverse offerings include investment advice, insurance products, and comprehensive financial planning tools. Ameriprise continually attracts experienced and productive financial advisors, evident from the addition of over 400 advisors in 2023 alone. The firm’s dedication to providing top-tier technology and support systems ensures that advisors can focus on delivering exceptional client service.
Moreover, Ameriprise actively promotes diversity and inclusion through initiatives like the annual Women Advisor Summits, celebrating and supporting the growth of female financial advisors.
The company's robust financial performance is reflected in its strong earnings and steady capital returns to shareholders. In Q1 2024, Ameriprise increased its quarterly cash dividend by 10%, underscoring its commitment to delivering value to shareholders.
Ameriprise Financial is dedicated to helping clients achieve financial confidence and success through comprehensive and personalized financial services. For more information, visit ameriprise.com.
Ameriprise Financial (NYSE: AMP) announced that 427 of its financial advisor teams have been named to the Forbes Best-in-State Wealth Management Teams list. The recognition is based on various factors including practice quality, business success, and community involvement. The rankings were determined through analysis of qualitative and quantitative data from thousands of advisor teams nationwide.
Both Bill Williams, Executive VP and President of Ameriprise Independent Advisors channel, and Pat O'Connell, Executive VP and President of Ameriprise Advisor & Financial Institutions Groups, praised the recognized teams for their commitment to client service and dedication to delivering excellent financial advice.
Ameriprise Financial (NYSE: AMP) has scheduled its fourth quarter 2024 financial results announcement for Wednesday, January 29, 2025, after the NYSE market close. The company will hold a conference call to discuss these results on Thursday, January 30, 2025, at 9:00 a.m. ET.
The live audio conference call, presentation slides, and audio replay will be accessible through the company's Investor Relations website at ir.ameriprise.com. Ameriprise operates with a network of over 10,000 financial advisors and provides investment advice, global asset management capabilities, and insurance solutions to individual and institutional investors.
Ameriprise Financial (NYSE: AMP) has achieved recognition from Forbes as one of 'America's Best Companies' for 2025, securing a position among the top 300 U.S. public companies. The prestigious ranking evaluates companies based on multiple criteria, including customer and employee satisfaction, financial strength, workplace stability, positive media coverage, and public trust.
The selection process involved analyzing over 2,000 U.S.-based companies across various industries, examining 60 metrics in 11 different categories. Companies were evaluated through a weighted average process to determine overall scores, both against the complete company list and within industry groups.
Executive Vice President of Human Resources, Kelli Hunter Petruzillo, highlighted Ameriprise's 130-year legacy of helping clients achieve financial confidence through consistent growth strategies and fostering a culture of care, emphasizing their commitment to providing exceptional experiences for clients, employees, and advisors.
Ameriprise Financial (NYSE: AMP) has welcomed veteran financial advisor Ben Fogarty to its branch channel, bringing nearly $140 million in assets from LPL Financial. With 25 years of industry experience, Fogarty, based in Omaha, Nebraska, chose Ameriprise for its advanced technology platform, seamless online client experience, and supportive culture.
Fogarty is accompanied by registered client service associate Karla O'Fallon, with local support from Ameriprise Complex Director Christopher Knust. The move aims to enhance client service, particularly in comprehensive financial planning for retirement-focused clients. Ameriprise has demonstrated strong recruitment success, attracting approximately 1,700 experienced financial advisors in the past 5 years.
Ameriprise Financial (NYSE: AMP) has appointed Brian Mora as Senior Vice President of Experienced Advisor Recruiting. With over 20 years at Ameriprise, Mora will lead a nationwide team focused on recruiting experienced advisors to the firm. He will report to Pat O'Connell, President and Executive VP of the Ameriprise Branch & Institutions Groups.
Mora previously served as regional vice president in the central region of the firm's branch channel. He holds various professional designations including CFP, CRPC, and AWMA, along with a BS in Finance and Management from Montclair State University.
The company has demonstrated strong recruiting success, attracting over 400 advisors in 2023 and approximately 1,700 advisors in the past 5 years.
Ameriprise Financial (NYSE: AMP) has achieved two significant J.D. Power certifications for exceptional customer phone service. The company received its first-ever 'Outstanding Customer Service Experience' certification for client service and its sixth consecutive certification for advisor service.
The recognition came after Ameriprise's call centers exceeded benchmarks in the J.D. Power Certified Customer Service Program℠, which evaluates customer satisfaction based on representative courtesy, promptness, resolution timeliness, and knowledge. Ameriprise is among a select group of companies across industries to receive these certifications, with their advisor service team being consistently recognized from 2019 through 2024.
Ameriprise recently welcomed Gary Presslaff, a 40-year veteran in financial services, to its independent practice, Monumental Financial Planning, in Washington D.C. Presslaff, who manages nearly $100 million in client assets, previously worked with LPL Financial. This move follows the addition of John Cortale and his team to Ameriprise in May 2024, aiming to grow their practice and enhance service quality.
Presslaff expressed enthusiasm about joining Ameriprise, citing the firm's advanced technology and innovative planning strategies. Cortale highlighted Presslaff's extensive knowledge and dedication to client success. Monumental Financial Planning currently manages over $350 million in assets with a team of four advisors and two support staff.
Ameriprise has been successful in attracting experienced advisors, with over 400 advisors joining in 2023 and around 1,700 in the past five years.
Ameriprise Financial (NYSE: AMP) announced that financial advisor Steve Salmon has joined the firm's independent channel from LPL Financial, bringing $110 million in assets. Based in Edina, Minnesota, Salmon was attracted to Ameriprise's comprehensive support system, integrated technology, and financial planning capabilities. The move reflects Ameriprise's continued success in recruiting experienced advisors, with over 400 advisors joining in 2023 and approximately 1,700 advisors in the last 5 years.
Tri-Continental (NYSE: TY) has declared its fourth quarter distributions. Common stockholders will receive an ordinary income distribution of $0.2850 per share and a capital gain distribution of $1.9520 per share, consisting of $0.3669 in short-term and $1.5851 in long-term gains. Preferred stockholders will receive $0.6250 per share. The distributions will be paid on December 23, 2024, for Common Stock and January 2, 2025, for Preferred Stock. Stockholders can elect to receive the capital gain distribution in various stock/cash combinations. The has maintained dividend payments on common stock for 80 consecutive years.
AM Best has affirmed the A+ (Superior) Financial Strength Rating and aa- (Superior) Long-Term Issuer Credit Ratings for RiverSource Life Insurance Company and its subsidiary. The ratings reflect Ameriprise Financial Group's very strong balance sheet strength, strong operating performance, and favorable business profile. The company shows positive operating metrics including continued net income growth, premium growth, and a 45% return on equity. AM Best also affirmed ratings for Ameriprise Captive Insurance Company and various Ameriprise Financial debt instruments, all with stable outlooks.
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