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.
The Board of Directors of Ameriprise Financial has approved an additional $3 billion share repurchase program, effective until March 31, 2024. As of January 25, 2022, approximately $352 million remains from the prior authorization. Share repurchases will be funded through working capital and future earnings, with flexibility in timing and method. Additionally, a quarterly cash dividend of $1.13 per share was declared, payable on February 28, 2022.
Ameriprise Financial reported a record fourth quarter with adjusted operating earnings per diluted share reaching $6.15, a 36% rise year-over-year. Full-year adjusted operating earnings increased 35% to $22.75. The company achieved over $40 billion in client net inflows, bolstered by the acquisition of BMO EMEA, adding $136 billion in assets. GAAP net income per diluted share soared to $5.96, representing an 89% increase. Total assets under management reached a record $1.4 trillion. The company returned $630 million to shareholders in the quarter, totaling $2.4 billion for the year, and announced a $3 billion share repurchase program.
Ameriprise Financial (NYSE: AMP) has launched a new advertising campaign titled “Advice Worth Talking About”, emphasizing its focus on exceptional client satisfaction and personalized financial advice. The campaign, which includes live action and animated TV spots, showcases clients' positive experiences and high satisfaction ratings—4.9 out of 5—and highlights that 9 out of 10 clients are likely to recommend Ameriprise. This initiative aims to strengthen brand recognition and promote the value of its advisory services.
Columbia Threadneedle Investments has selected three fintech start-ups for its 2022 MassChallenge FinTech accelerator program. These firms are Util, OnCorps, and Datia, focusing on technologies for sustainability, automation, and ESG data reporting. Jay Leopold, head of North America Investment Risk, emphasized the importance of data in responsible investment practices. With over 25 start-ups accepted this year, Columbia Threadneedle continues to innovate in asset management, having previously collaborated successfully with fintechs since 2019.
InvestCloud has partnered with Ameriprise Financial (NYSE: AMP) to enhance its Pink platform, providing personalized financial advice to users. Pink is designed for corporate financial wellness and life planning, allowing employees to receive tailored solutions from Ameriprise advisors. This collaboration addresses increased financial stress among employees, with research indicating 63% report heightened stress since the pandemic. The initiative aims to improve employee financial confidence and support by combining InvestCloud's technology with Ameriprise's advisory expertise.
Ameriprise Financial (NYSE: AMP) conducted a survey revealing that 90% of recently joined advisors report enhanced client-facing technology and financial planning capabilities compared to their previous firms. The Ultimate Advisor Partnership survey, involving nearly 300 advisors, highlighted that 91% feel Ameriprise elevates the client experience, while 95% commend its support for deeper client relationships. Since becoming public in 2005, Ameriprise has invested over $5 billion to improve advisor tools and client services, demonstrating a strong commitment to advisor satisfaction and client service excellence.
Ameriprise Financial (NYSE: AMP) will announce its fourth-quarter financial results on January 26, 2022, after the NYSE closes. A conference call to discuss these results is scheduled for January 27, 2022, at approximately 9:00 a.m. (ET). Investors can access live audio, presentation slides, and an audio replay on the Ameriprise Investor Relations website.
With over 125 years in the financial services industry and a network of more than 10,000 financial advisors, Ameriprise is equipped to meet diverse individual and institutional investment needs.
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