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.
The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced an 8% increase in its quarterly cash dividend, raising it by
Ameriprise Financial (NYSE: AMP) reported Q1 2023 earnings with adjusted operating EPS at $7.25, up 25% year-over-year due to strong performance in Wealth Management. GAAP net income per diluted share dropped to $3.79, a 47% decline from $7.10 in Q1 2022, reflecting market impacts on derivatives. Assets under management fell 8% to $1.2 trillion due to market depreciation, despite strong client inflows. Wealth Management adjusted operating revenue rose 11%, with a record operating margin of 31% and total client flows increasing 18% to $12.3 billion. The company returned $641 million to shareholders and announced an 8% dividend increase to $1.35 per share, highlighting solid capital management and resilience amidst market challenges.
Ameriprise Financial Inc. (NYSE: AMP) announced that 439 of its financial advisors have been recognized by Forbes as Best-in-State Wealth Advisors. This accolade highlights advisors who demonstrate high ethical standards, professionalism, and success based on comprehensive data from thousands of advisors across the nation. Pat O’Connell, Executive Vice President, emphasized the significance of this recognition, noting the exceptional client experience provided by these advisors through the support and technology offered by Ameriprise. Bill Williams, another executive, praised the advisors for their dedication to client success and continuous professional development.
For the complete Forbes list of top advisors, visit forbes.com. This recognition reinforces Ameriprise's commitment to delivering quality financial services.
Harry Slade III and Harry Slade IV have joined Ameriprise Financial (NYSE: AMP) to enhance their wealth management services in
With approximately 1,700 advisors joining Ameriprise in the past five years, the firm continues to attract experienced professionals committed to client service.
Ameriprise Financial, Inc. (NYSE: AMP) will release its first quarter financial results on April 24, 2023, after the close of the New York Stock Exchange. A conference call to discuss the results is scheduled for April 25, 2023, at 9:00 a.m. (ET). Investors can access live audio and presentation materials on the company’s Investor Relations website. Ameriprise has over 10,000 financial advisors and possesses strong capabilities in investment advice, asset management, and insurance, catering to a diverse range of individual and institutional investors.
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