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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.
Ameriprise Financial (NYSE: AMP) announced that 11 of its financial advisors were recognized in Barron’s “Top Independent Advisors” list for 2021. This annual list identifies the top 100 independent advisors in the U.S. based on business success, compliance records, assets under management, and ethical standards. Bill Williams, Executive VP of the independent advisor channel, praised the advisors' continuous commitment to client success. The full list of recognized advisors includes notable names like Dane Burkholder and Susan Kim.
Columbia Threadneedle Investments has launched the Columbia Short Duration Bond ETF (NYSE Arca: SBND), expanding its fixed income ETF offerings. This ETF focuses on generating income across four debt market segments, including U.S. investment-grade corporates and high yield, while minimizing credit risk. SBND utilizes a rules-based investment approach to maintain income without sacrificing yield despite lower duration. The fund is managed by a team of experienced portfolio managers and is competitively priced at 25 basis points.
Ameriprise Financial (NYSE: AMP) announced that two financial practices, managing a combined
Columbia Threadneedle Investments announced that Catherine Stienstra, Head of Municipal Bond Investments, has been recognized as one of the top women in asset management by Bonhill Group in its 2021 U.S. Women in Asset Management Awards. Stienstra, who manages nearly $17B in assets, was awarded in the bond manager category. The recognition highlights her leadership and expertise in municipal bonds. Columbia Threadneedle manages $593 billion in assets globally, providing a range of investment strategies.
Ameriprise Financial (NYSE: AMP) partners with Texas-based Third Coast Bank SSB to launch Third Coast Advisors, a new investment program. This collaboration aims to provide personalized financial advice and robust investment solutions to clients. Over two months, the program successfully recruited four financial advisors managing over $800 million in assets. The partnership highlights Ameriprise’s capabilities in delivering financial planning services, helping clients achieve their financial objectives through tailored advice and modern digital tools.
Ameriprise Financial announced that seven of its financial advisors made it to Forbes' list of 'America's Top Wealth Advisors' for 2021. The advisors were recognized based on various factors, including business success and compliance records. The honored advisors include Scott Tiras, Erin Scannell, George Papadoyannis, Jonathan Kuttin, Darrell Pennington, Adam Goldstein, and Randy Doroff. Bill Williams, Executive VP, commended their dedication to client goals. The full list can be accessed through Forbes' website.
Financial advisor Jason Williams has joined Ameriprise Financial (NYSE: AMP) from BB&T Securities, bringing nearly $200 million in client assets. His decision, motivated by a desire for independence and a client-centric approach, places him with The Myrias Group, led by private wealth advisor John Everson. Williams sought a firm that excelled in various financial services and found Ameriprise met his needs. The Myrias Group, established in 2015, manages $850 million in client assets and includes a team of 13 financial advisors and support staff.
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