Welcome to our dedicated page for Ameriprise Finl news (Ticker: AMP), a resource for investors and traders seeking the latest updates and insights on Ameriprise Finl stock.
Company Overview
Ameriprise Financial is a venerable financial services firm with a longstanding history in financial planning, wealth management, and asset management. Based on a tradition of personalized client service, the company has crafted a reputation for delivering tailored financial strategies that address both individual and institutional needs. Its operations are deeply rooted in industry-specific expertise, addressing the multifaceted demands of modern financial planning and investment management.
Business Model and Core Segments
Ameriprise Financial employs a dual-pronged business model that integrates comprehensive financial planning with an extensive advisory network. The firm primarily generates revenue from its asset and wealth management segments, providing clients with strategic insights and personalized investment solutions. This approach is built around the principle of aligning financial strategies with the unique circumstances and long-term aspirations of each client.
Advisory Network and Client-Centric Approach
A key pillar of Ameriprise Financial’s success is its extensive network of experienced advisors. These professionals work closely with clients, investing the time necessary to understand their financial goals and personal circumstances. By doing so, the company is able to craft bespoke financial plans that are both robust and adaptive, ensuring that every client receives a strategy that is as individualized as it is effective.
Market Position and Competitive Landscape
Within the competitive financial services sector, Ameriprise Financial stands out by combining a rich heritage in financial planning with modern, client-centric advisory practices. The firm’s deep expertise in asset and wealth management has enabled it to differentiate itself in a crowded marketplace. Its strategic commitment to quality financial advice and an unwavering focus on client needs allow it to maintain a substantial market presence, even in a challenging economic environment.
Operational Strength and Core Values
At the heart of Ameriprise Financial’s operations lies a commitment to core values such as integrity, excellence, and respect. These values are integral to its business philosophy, guiding everything from client interactions to the development of sophisticated financial strategies. The company’s operations marry a team-based ethos with an entrepreneurial spirit, ensuring that every financial solution is both rigorously analyzed and personally crafted.
Industry Terminology and Strategic Insights
Ameriprise Financial’s service offerings are intertwined with industry-specific concepts such as financial planning, asset management, and wealth management. The firm leverages these concepts to perform detailed risk assessments, manage complex investment portfolios, and design financial solutions that are both sustainable and strategically sound. This deep interconnection of services enables the company to address a wide range of client needs systematically and effectively.
Conclusion
With a storied legacy and a meticulous approach to client service, Ameriprise Financial represents a robust and reliable presence in the financial services industry. Its comprehensive blend of personalized financial planning, extensive advisory capabilities, and rigorous asset management positions the firm as a trusted provider of tailored investment solutions. By continuously evolving its service model while adhering to core values, Ameriprise Financial offers enduring expertise and value to its diverse clientele.
Ameriprise Financial (NYSE: AMP) reported strong Q4 and full-year 2024 results. Q4 adjusted operating earnings per share increased 23% to $9.54, while full-year adjusted operating EPS grew 17% to $35.79. Assets under management, administration, and advisement reached $1.5 trillion, up 10% with client net inflows of $35 billion.
The company demonstrated robust financial performance with adjusted operating net revenues increasing 13%, achieving a pretax adjusted operating margin of 27% and adjusted operating return on equity of 53%. Ameriprise returned $768 million to shareholders in Q4 and $2.8 billion for the full year.
In the Advice & Wealth Management segment, total client assets grew 14% to $1.0 trillion, with client flows of $11.3 billion. Wrap assets increased 18% to $574 billion, with net inflows of $11.1 billion. The Asset Management segment saw adjusted operating net revenues grow 10% to $930 million, with pretax adjusted operating earnings increasing 29% to $251 million.
Ameriprise Financial (NYSE: AMP) has launched two new television advertisements expanding its Advice Worth Talking About® brand platform. The campaign features 30-second and 15-second spots highlighting how Ameriprise advisors help clients achieve personal and financial milestones.
The first ad, 'Achieve so much more', focuses on clients reaching significant life goals like raising children, building businesses, and transitioning to retirement. The second ad, 'Count on so much more', emphasizes how clients support their communities while relying on Ameriprise's guidance.
The campaign will air across major networks including CBS, NBC, ABC, CNBC, and Fox Business. It includes a digital component spanning social media and news sites, with customizable content for Ameriprise financial advisors to use locally. The creative was developed by Invisible Man, with MayoSeitz handling media buying.
Ameriprise Financial (NYSE: AMP) announced that 427 of its financial advisor teams have been named to the Forbes Best-in-State Wealth Management Teams list. The recognition is based on various factors including practice quality, business success, and community involvement. The rankings were determined through analysis of qualitative and quantitative data from thousands of advisor teams nationwide.
Both Bill Williams, Executive VP and President of Ameriprise Independent Advisors channel, and Pat O'Connell, Executive VP and President of Ameriprise Advisor & Financial Institutions Groups, praised the recognized teams for their commitment to client service and dedication to delivering excellent financial advice.
Ameriprise Financial (NYSE: AMP) has scheduled its fourth quarter 2024 financial results announcement for Wednesday, January 29, 2025, after the NYSE market close. The company will hold a conference call to discuss these results on Thursday, January 30, 2025, at 9:00 a.m. ET.
The live audio conference call, presentation slides, and audio replay will be accessible through the company's Investor Relations website at ir.ameriprise.com. Ameriprise operates with a network of over 10,000 financial advisors and provides investment advice, global asset management capabilities, and insurance solutions to individual and institutional investors.
Ameriprise Financial (NYSE: AMP) has achieved recognition from Forbes as one of 'America's Best Companies' for 2025, securing a position among the top 300 U.S. public companies. The prestigious ranking evaluates companies based on multiple criteria, including customer and employee satisfaction, financial strength, workplace stability, positive media coverage, and public trust.
The selection process involved analyzing over 2,000 U.S.-based companies across various industries, examining 60 metrics in 11 different categories. Companies were evaluated through a weighted average process to determine overall scores, both against the complete company list and within industry groups.
Executive Vice President of Human Resources, Kelli Hunter Petruzillo, highlighted Ameriprise's 130-year legacy of helping clients achieve financial confidence through consistent growth strategies and fostering a culture of care, emphasizing their commitment to providing exceptional experiences for clients, employees, and advisors.
Ameriprise Financial (NYSE: AMP) has welcomed veteran financial advisor Ben Fogarty to its branch channel, bringing nearly $140 million in assets from LPL Financial. With 25 years of industry experience, Fogarty, based in Omaha, Nebraska, chose Ameriprise for its advanced technology platform, seamless online client experience, and supportive culture.
Fogarty is accompanied by registered client service associate Karla O'Fallon, with local support from Ameriprise Complex Director Christopher Knust. The move aims to enhance client service, particularly in comprehensive financial planning for retirement-focused clients. Ameriprise has demonstrated strong recruitment success, attracting approximately 1,700 experienced financial advisors in the past 5 years.
Ameriprise Financial (NYSE: AMP) has appointed Brian Mora as Senior Vice President of Experienced Advisor Recruiting. With over 20 years at Ameriprise, Mora will lead a nationwide team focused on recruiting experienced advisors to the firm. He will report to Pat O'Connell, President and Executive VP of the Ameriprise Branch & Institutions Groups.
Mora previously served as regional vice president in the central region of the firm's branch channel. He holds various professional designations including CFP, CRPC, and AWMA, along with a BS in Finance and Management from Montclair State University.
The company has demonstrated strong recruiting success, attracting over 400 advisors in 2023 and approximately 1,700 advisors in the past 5 years.
Ameriprise Financial (NYSE: AMP) has achieved two significant J.D. Power certifications for exceptional customer phone service. The company received its first-ever 'Outstanding Customer Service Experience' certification for client service and its sixth consecutive certification for advisor service.
The recognition came after Ameriprise's call centers exceeded benchmarks in the J.D. Power Certified Customer Service Program℠, which evaluates customer satisfaction based on representative courtesy, promptness, resolution timeliness, and knowledge. Ameriprise is among a select group of companies across industries to receive these certifications, with their advisor service team being consistently recognized from 2019 through 2024.
Ameriprise recently welcomed Gary Presslaff, a 40-year veteran in financial services, to its independent practice, Monumental Financial Planning, in Washington D.C. Presslaff, who manages nearly $100 million in client assets, previously worked with LPL Financial. This move follows the addition of John Cortale and his team to Ameriprise in May 2024, aiming to grow their practice and enhance service quality.
Presslaff expressed enthusiasm about joining Ameriprise, citing the firm's advanced technology and innovative planning strategies. Cortale highlighted Presslaff's extensive knowledge and dedication to client success. Monumental Financial Planning currently manages over $350 million in assets with a team of four advisors and two support staff.
Ameriprise has been successful in attracting experienced advisors, with over 400 advisors joining in 2023 and around 1,700 in the past five years.
Ameriprise Financial (NYSE: AMP) announced that financial advisor Steve Salmon has joined the firm's independent channel from LPL Financial, bringing $110 million in assets. Based in Edina, Minnesota, Salmon was attracted to Ameriprise's comprehensive support system, integrated technology, and financial planning capabilities. The move reflects Ameriprise's continued success in recruiting experienced advisors, with over 400 advisors joining in 2023 and approximately 1,700 advisors in the last 5 years.
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