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) launched two new television ads aimed at helping clients navigate market uncertainty. The ads, part of the company's Advice Worth Talking About brand, emphasize the value of personalized financial advice. Marie O'Neill, senior VP of marketing, highlighted the importance of trusted advisors in the current volatile environment. The commercials feature real clients sharing their positive experiences with Ameriprise advisors, reinforcing confidence amid rising interest rates and inflation. The campaign will be promoted across various media platforms, including cable news and digital advertising.
Matthew De Vries, a financial advisor with nearly 15 years of experience, has joined Ameriprise Financial (NYSE: AMP) from Edward Jones. De Vries leads the Surety Wealth Group, which manages $125 million in assets. His decision was driven by Ameriprise's positive reputation and comprehensive resources, enabling him to deliver exceptional client service. Notably, around 1,600 advisors have joined Ameriprise in the last five years, reflecting its strong appeal in the financial advisory sector.
Columbia Threadneedle Investments announced that Melda Mergen, Global Head of Equities, was recognized as a top woman in asset management by DiversityQ during its 2022 U.S. Women in Asset Management Awards. Mergen, a co-winner in the global equities category, manages a team of over 200 investment professionals handling nearly $278 billion in assets. The awards celebrate efforts in promoting diversity and ethical investments in the asset management industry. Columbia Threadneedle is the asset management group of Ameriprise Financial (AMP).
Ameriprise Financial (NYSE: AMP) has welcomed two financial advisors, Jason Crane and Gerry Owen, to its independent channel, bringing nearly $150 million in client assets. Previously with Edward Jones, the duo established Crane & Owen Financial Solutions in Aiken, South Carolina. They chose Ameriprise for its strong resources, flexibility, and advisor-friendly culture, enhancing efficiency in serving clients. With approximately 1,600 advisors joining in the past five years, Ameriprise continues to attract experienced professionals seeking superior technology and financial planning capabilities.
Ameriprise Financial (NYSE: AMP) announced the addition of John Carter Piper, CFP, to its independent practice, Foundation Wealth Management, in Bakersfield, California. Piper, with 25 years of experience and over $210 million in client assets, chose Ameriprise for its client-centric reputation and advanced technology. This move aligns with the firm's trend of attracting seasoned financial advisors, with 1,600 joining over the past five years, citing superior technology and client acquisition capabilities.
Tri-Continental Corporation (NYSE: TY) announced a fourth quarter distribution of
Ameriprise Financial (NYSE:AMP) has partnered with Dalton Education to launch the Certified Military Financial Advisor™ (CMFA) certification, designed specifically for financial advisors serving military clients. The certification entails 40-50 hours of training focusing on the unique needs and resources available to veterans and active military members. Initially exclusive to Ameriprise advisors until June 2024, this initiative underscores the company's ongoing commitment to support the military community. Ameriprise has been recognized as a Military Friendly® Employer, reflecting its dedication to veteran services.
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