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 nine of its financial advisors were named in Barron’s 'Top Independent Financial Advisors' list for 2022. This recognition highlights their compliance, assets managed, revenues generated, and quality of service. Bill Williams, EVP, emphasized the advisors' commitment to client relationships and tailored financial solutions. The full list can be accessed on Barron’s website. Ameriprise has over 125 years of experience, managing diverse investment needs through a network of about 10,000 advisors.
Ameriprise Financial (NYSE: AMP) announced that six of its financial advisors were named to Forbes' '2022 Top 250 Wealth Advisors' list, highlighting their achievements based on revenue trends, assets under management, and industry experience. Bill Williams, EVP, praised the advisors for their dedication to client service. The recognition reflects the strength and capabilities of Ameriprise's advisory network, which consists of approximately 10,000 financial advisors. This accolade reinforces the firm's commitment to client success and financial advice excellence.
Ameriprise Financial (NYSE: AMP) recently held its inaugural Black Advisor Summit in Washington D.C., focusing on enhancing the success of Black financial advisors and promoting diversity within the firm. The summit included talks from company executives and a panel of Black advisors sharing client service strategies. A new financial literacy initiative was launched to support generational wealth in the Black community. The event demonstrated Ameriprise's commitment to diversity through its Black Empowerment Advisor Community Network (BEACN).
Kim Garrison, a financial advisor with $185 million in client assets, joins Ameriprise Financial (NYSE: AMP) from Morgan Stanley, establishing a new branch in Springfield, Missouri. Garrison was drawn to Ameriprise's supportive culture for women advisors and strong financial planning capabilities. Her team includes Paula Schnoebelen, a veteran client service associate. Ameriprise has attracted around 1,600 advisors over the last five years, with high advisor satisfaction regarding technology and client acquisition.
Ameriprise Financial, Inc. (NYSE: AMP) announced the appointment of Armando Pimentel, Jr. to its board of directors, effective September 15, 2022. Pimentel, previously the CEO of NextEra Energy Resources, brings extensive experience in finance and strategy. His background includes roles as CFO at NextEra Energy and a partner at Deloitte & Touche. The chairman, Jim Cracchiolo, expressed confidence in Pimentel's ability to contribute valuable insights to the board. Ameriprise has a longstanding history of providing financial services, serving a diverse range of clients for over 125 years.
Ameriprise Financial (NYSE: AMP) has launched its 11th consecutive match campaign in partnership with Feeding America, aiming to provide 2.5 million meals to families in need. The company will match donations up to $250,000 until October 31, doubling the impact of each dollar donated. Since 2009, Ameriprise has contributed to providing over 113 million meals and over 363,000 volunteer hours. Alongside this campaign, they will host National Days of Service on November 3, 2022, to further support hunger relief efforts.
Ameriprise Financial (NYSE: AMP) announced that 79 of its financial advisors were recognized on the Forbes “Best-in-State Next-Generation Wealth Advisors” list, with six named to the prestigious “Top Next-Generation Wealth Advisors” list, highlighting their expertise under 40. These rankings assess advisors based on assets under management, revenue generation, and ethical standards. The recognition reflects Ameriprise's commitment to supporting and developing its advisors, aiming to provide exceptional client service and guidance for achieving financial goals.
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