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.
Jim Whitehead, a seasoned financial advisor with over 21 years of experience, has joined Ameriprise Financial (AMP) from Securian Financial Services in Memphis, TN. His decision was influenced by Ameriprise’s strong reputation for client-centric financial planning and its advanced technological support. Whitehead aims to enhance client experiences and intends to expand his team to serve more individuals and businesses in the Memphis area. He emphasized the importance of tailored financial advice and fostering strong client relationships as key components of his practice.
Ameriprise Financial (NYSE: AMP) will participate in the BofA Securities Financial Services Conference on February 16, from 2:30 to 3:10 p.m. ET. The session will feature James Cracchiolo, Chairman & CEO, and Walter Berman, CFO. Investors can listen to the live webcast on the company's website, with a digital replay available within 24 hours for three months. Ameriprise has over 125 years of experience in providing financial advice, asset management, and insurance services, supported by a network of more than 10,000 financial advisors.
Ameriprise Financial (NYSE: AMP) announced that 259 of its financial advisors have been recognized in the Forbes Best-in-State Wealth Management Teams list. This acknowledgment highlights the advisors' professionalism, quality of practice, and success, based on data from productive advisors nationwide. Bill Williams, Executive Vice President, commended the advisors for their hard work in achieving clients' financial goals. Pat O’Connell, another Executive Vice President, praised the firm's dedication to providing tailored financial guidance. The full list of advisors is available on Forbes' website.
Ameriprise Financial (NYSE: AMP) announced a donation of over $17.4 million in 2022, supporting nonprofits focused on domestic hunger relief, homelessness, and financial education. Their initiatives included funding 234 grants aimed at meeting basic needs and enhancing community equity. Employees logged nearly 64,000 volunteer hours, reinforcing a commitment to social responsibility. Noteworthy partnerships include a long-term collaboration with Feeding America, through which over 115 million meals have been provided. Additionally, Ameriprise Bank made a $4 million investment in affordable housing development in the Minneapolis/St. Paul area.
The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced a quarterly cash dividend of $1.25 per common share, set to be paid on February 28, 2023. Shareholders eligible for this dividend must be on record by the close of business on February 10, 2023. With over 125 years of experience, Ameriprise offers comprehensive financial services, including investment advice, asset management, and insurance, supported by a nationwide network of over 10,000 financial advisors.
Ameriprise Financial reported strong Q4 2022 earnings with adjusted operating EPS of $6.94, a 13% increase from the previous year. Full-year adjusted EPS reached $25.14, up 11%. The company returned approximately 85% of earnings to shareholders, totaling $1.9 billion in share repurchases and a dividend increase. Wealth Management generated record client flows of $42.5 billion for the year, bolstered by a growth in cash offerings amid rising interest rates. However, GAAP net income decreased by 30% in Q4 to $494 million, mainly due to market impacts on derivatives.
Financial advisor Russell Smith has transitioned his
Ameriprise Financial (NYSE: AMP) will announce its fourth quarter financial results on January 25, 2023, after the markets close. A conference call is scheduled for January 26, 2023, at approximately 9:00 a.m. ET to discuss these results. Investors and stakeholders can access live audio of the call, along with presentation slides and replays on the Ameriprise Financial Investor Relations website.
With over 125 years of experience, Ameriprise Financial serves a wide range of financial needs through its network of over 10,000 financial advisors.
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