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.
AM Best has affirmed the Financial Strength Rating (FSR) of A+ and Long-Term Issuer Credit Ratings (ICR) of “aa-” for RiverSource Life Insurance Company and its subsidiary, RiverSource Life Insurance Co. of New York, both part of Ameriprise Financial (NYSE: AMP). Concurrently, AM Best affirmed an FSR of A and an ICR of “a+” for Ameriprise Captive Insurance Company. The outlook for these ratings is stable. These ratings reflect Ameriprise's strong balance sheet, operating performance, and risk management practices, alongside favorable results in asset management and wealth management segments.
Ameriprise Financial announced that 37 of its financial advisors earned a spot on Working Mother Magazine's 2021 list of the "Top Wealth Advisor Moms." This recognition highlights their success in wealth management while balancing family responsibilities. Advisors are evaluated based on assets under management, revenue, experience, client retention, and compliance records. Deirdre McGraw praised these women for being role models in the industry. Additionally, Ameriprise remains committed to fostering a diverse workforce through initiatives like Women’s Advisor Summits.
The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced a quarterly cash dividend of $1.13 per common share. This dividend is payable on November 19, 2021, to shareholders on record as of the close of business on November 8, 2021.
Ameriprise Financial, with over 125 years of experience, provides a wide array of financial services through its network of 10,000 advisors, catering to individual and institutional investors.
Ameriprise Financial reported strong Q3 2021 earnings, with GAAP net income per diluted share of $8.65, a significant recovery from a loss of $1.14 a year prior. Adjusted operating earnings increased 38% to $5.91 per share, driven by robust client inflows of $14 billion and a 21% rise in assets under management, totaling $1.2 trillion. The company returned $666 million to shareholders, representing 95% of adjusted operating earnings. Notably, the adjusted operating return on equity reached 47.9%, showcasing strong profitability across its wealth and asset management sectors.
Ameriprise Financial has welcomed the Christensen Wealth Advisory Group to its branch channel, managing over
Ameriprise Financial announces the addition of financial advisor Reid Evans, who joins from Raymond James with $120 million in client assets. Evans has partnered with The McCulla Group, led by Matthew McCulla, to enhance client service and operational efficiency. Ameriprise has attracted around 1,700 experienced advisors in the last five years, reflecting its commitment to independent advisory growth. The firm offers advanced technology and a diverse product suite for optimal client service.
Ameriprise Financial (NYSE: AMP) will announce its third quarter financial results on October 26, 2021, after the market closes. A conference call to discuss these results is set for October 27, 2021, at 9:00 a.m. ET. Investors can access live audio, presentation slides, and replays on the Ameriprise Financial Investor Relations website.
With over 125 years in the financial sector, Ameriprise serves both individual and institutional investors through a network of approximately 10,000 financial advisors.
Ameriprise Financial (NYSE: AMP) has been ranked as the '#1 Most Trusted Wealth Manager' by Investor’s Business Daily in a recent survey involving over 6,000 consumers. The firm also secured a spot among the top 10 on IBD's '25 Most Trusted Financial Companies' list. Key trust attributes evaluated included data privacy, product quality, ethical practices, pricing fairness, and customer treatment. The rankings reflect Ameriprise's commitment to building meaningful relationships with clients and its long-standing support in achieving their financial goals.
Ameriprise Financial Inc. (NYSE: AMP) announced that 34 of its financial advisors were recognized in Forbes' "Top Next-Gen Wealth Advisors" list for 2021. This annual list honors advisors under 40 who excel in business success, compliance, and ethical standards. Notable executives congratulated the advisors, emphasizing Ameriprise's supportive environment for career growth. The full list can be found on Forbes' website. Ameriprise Financial has over 125 years of experience in financial services and a network of approximately 10,000 advisors.
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