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.
Colony Bank has launched a new wealth management program in partnership with Ameriprise Financial, providing customized financial planning and investment services to its clients. The program, branded as Colony Financial Advisors, will leverage Ameriprise’s technology and resources to enhance customer experiences. With 37 locations in Georgia, the initiative aims to attract additional financial advisors and expand its client base, starting with the recruitment of Needham 'Bo' Hatcher, who manages nearly $100 million in assets.
Ameriprise Financial, Inc. announced that eight of its financial advisors were recognized in the 2022 Forbes list of 'Best-in-State Financial Security Professionals.' This accolade highlights their excellence in providing financial protection solutions against risks like disability and job loss. The recognition reflects professionals' success and commitment to client service, with Ameriprise emphasizing its investment in tools that support advisors in delivering exceptional client experiences. This recognition reinforces Ameriprise's reputation in the financial advisory sector.
Paul Holt has joined Ameriprise Financial (NYSE: AMP) from Raymond James, citing its technology capabilities and client-centric culture as key factors for his move.
Holt, who has managed $147 million in client assets over 36 years, highlighted Ameriprise's dedication to client service and effective onboarding process. The firm has attracted approximately 1,600 advisors in the last five years, with many identifying its technology and financial planning as superior to their previous firms.
The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced a quarterly cash dividend of $1.25 per common share. This dividend will be payable on August 19, 2022 to shareholders who are on record by the close of business on August 8, 2022. With over 125 years of experience, Ameriprise Financial provides a wide range of financial services, backed by a strong network of 10,000 financial advisors, catering to the needs of individual and institutional investors.
Ameriprise Financial reported Q2 2022 adjusted operating earnings per diluted share of $5.81, a 10% increase from $5.27 in Q2 2021, alongside a GAAP net income of $6.61 per diluted share, marking a 35% rise year-over-year. The company experienced a 3% increase in adjusted operating net revenue, totaling $3.5 billion, despite market challenges. Assets under management stand at $1.2 trillion. Capital returns to shareholders remain robust, with plans to return 90% of operating earnings this year. Notably, the integration of the BMO EMEA acquisition is progressing as expected.
Ameriprise Financial (NYSE: AMP) is set to announce its second quarter financial results on July 26, 2022, after the market closes. A conference call to discuss these results will be held on July 27, 2022, at 9:00 a.m. ET. Investors can access live audio of the call, presentation slides, and an audio replay via the Ameriprise Financial Investor Relations website. With over 125 years of experience and a network of more than 10,000 financial advisors, Ameriprise continues to provide comprehensive financial services.
Virginia Credit Union (VACU) has partnered with Ameriprise Financial (NYSE: AMP), transitioning its investment program to enhance offerings for over 300,000 members. This collaboration introduces the VACU Investment Group (VACUIG), led by five financial advisors managing $335 million in assets. The partnership aims to provide personalized financial plans, robust investment solutions, and advanced digital capabilities, improving member experience amid market volatility. VACUIG is dedicated to helping clients achieve their financial goals through innovative advisory services.
Ameriprise Financial (NYSE: AMP) welcomes top-ranked financial advisor Jennifer Marcontell and her team, Marcontell Wealth Management, who have transitioned from Edward Jones. Managing $1.7 billion in assets, the team aims to enhance wealth management services using Ameriprise's advanced technology. Marcontell emphasizes maintaining strong client relationships and expanding service efficiency. Ameriprise has attracted approximately 1,600 advisors in five years, reinforcing its reputation as a preferred choice for experienced financial professionals.
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