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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.
William Davies, Deputy Global Chief Investment Officer at Columbia Threadneedle Investments, forecasts a transformative 2022. He anticipates modest performance divergence between growth and value companies. The focus remains on quality firms with strong ESG factors. Emerging markets and high-yield fixed income will be key areas for investment. With a shift from stimulus to recovery, active management becomes vital. Although inflation is expected to moderate, supply chain challenges persist. Overall, companies with solid balance sheets will likely outperform in this evolving landscape.
Ameriprise Financial has appointed
Tri-Continental Corporation (NYSE: TY) announced a fourth quarter ordinary income distribution of
The Corporation has paid dividends for 77 consecutive years.
Ameriprise Financial, Inc. (NYSE: AMP) announced the addition of two practices managing $1.1 billion in assets, enhancing its client-first culture and growth potential. Advisors Richard Kersting and Vincent Gianatasio joined Kuttin Wealth Management, drawn by Ameriprise's comprehensive financial planning tools. Kersting’s team manages $950 million, while Gianatasio oversees $192 million in client assets. Kuttin Wealth aims for continued growth, having doubled its professionals in the last year and planning further expansion through acquisitions.
Ameriprise Financial, Inc. (NYSE: AMP) has finalized the acquisition of BMO Financial Group’s EMEA Asset Management business for £615 million (approximately $829 million). This all-cash deal adds about $131 billion in assets under management (AUM), elevating Ameriprise’s total AUM to over $1.3 trillion. The acquisition enhances Ameriprise's strategic footprint in EMEA, significantly bolstering Columbia Threadneedle's capabilities and market presence. It is also expected to improve growth in fee-based businesses while expanding investment solutions in key segments.
Ameriprise Financial (NYSE: AMP) is partnering with Feeding America to support families facing hunger this holiday season through its National Days of Service program. The company is mobilizing 2,500 employees, advisors, and clients to volunteer at local food banks, donating over
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