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.
Ameriprise Financial plans to announce its first quarter financial results on April 26, 2021, after the close of the New York Stock Exchange. A conference call will follow on April 27, 2021, at 9:00 a.m. (ET) to discuss the results. Additionally, the company's annual meeting of shareholders will be held virtually on April 28, 2021, for holders of record as of March 1, 2021. Live audio of the conference and meeting, along with presentation slides, will be available on their Investor Relations website.
Ameriprise Financial (NYSE: AMP) announces that 57 of its financial advisors were named in Forbes’ list of the “Top Women Wealth Advisors” in the U.S. This accolade recognizes advisors based on ethical standards, professionalism, client retention, and business success. Ameriprise's commitment to diversity is highlighted through its Women’s Empowerment Network, aimed at mentoring and supporting women in financial services. The full Forbes list is available on Forbes.com.
Ameriprise Financial's recent Financial Priorities study reveals shifts in investor priorities due to the pandemic. Surveying over 3,000 Americans with at least $100,000 in investable assets, 63% expressed a heightened focus on protecting financial assets, and 62% on planning for uncertainty. Health and safety are now paramount for 71% of respondents. Notably, 63% initiated or plan to establish an emergency savings fund, while 30% began financial discussions with family. Despite challenges, 69% of pre-retirees maintained their retirement goals, with 18% accelerating their plans.
Ameriprise Financial (NYSE: AMP) has partnered with Idaho Central Credit Union (ICCU) to create a wealth management program called Idaho Central Wealth Management. This collaboration allows ICCU members to access personalized financial planning, robust investment solutions, and digital capabilities through Ameriprise's platform. The program launched with five advisors and will expand as ICCU hires more to serve its over 440,000 members across Idaho. Ameriprise’s Financial Institutions Group aims to strengthen its reach within the financial services market.
Ameriprise Financial (NYSE: AMP) announced that 67 of its financial advisors were recognized in Barron’s list of the "Top 1,200 Financial Advisors" nationwide. This recognition is awarded based on ethical standards, professionalism, and business success, using data from over 4,000 advisors. Bill Williams and Pat O’Connell from Ameriprise praised the commitment and quality service provided by their advisors, highlighting their role in helping clients achieve long-term goals.
Ameriprise Financial (NYSE: AMP) has received a Gold Organizational Excellence Certification for Learning and Development from Brandon Hall Group, recognizing its top-tier programs in human capital management. This certification underscores Ameriprise's commitment to providing financial advisors and staff with professional development resources, enhancing client service and operational effectiveness. The company has previously achieved multiple awards for its learning strategy, sales performance, and technology platform, demonstrating a strong focus on comprehensive training and diversity initiatives.
Southern Indiana Advisors, managing $130 million in client assets, has transitioned to Ameriprise Financial (NYSE: AMP) from Raymond James Financial Services. The team, led by advisors Jeff Schneider, Jennifer Wilkerson, and Karen Lively, sought more personalized support and was impressed by Ameriprise's practice management expertise, which they believe will enhance client service. The advisors bring over 40 years of combined experience and are supported by Ameriprise's extensive product platform. This move reflects their commitment to adapting to evolving client expectations amid recent market challenges.
Columbia Threadneedle Investments announced that seven of its funds were honored with the 2021 Lipper Fund Awards for outstanding performance. The Columbia Mortgage Opportunities Fund was recognized in two time periods for the Absolute Return Bond Funds category. Additional winners included the Columbia Global Opportunities Fund and the Columbia Select Mid Cap Value Fund, among others. The awards highlight the firm's strong risk-adjusted returns over 3, 5, and 10 years, affirming its investment approach and research intensity.
Integrity Financial, managing $200 million in assets, has transitioned to Ameriprise Financial (NYSE: AMP) from Next Financial Group. Lead advisor Bob Ross highlighted Ameriprise's superior digital client experience, enabling easy access to accounts and consolidated investment overviews. The team sought a firm that prioritizes advisor independence and offers technology that aligns with their values. Founded in 1991, Integrity Financial aims to integrate clients' principles into their financial plans. Over 4,300 advisors have joined Ameriprise since 2008, reflecting its appeal in the advisory sector.
Tranquil Lakes Investment Advisors, managing $150 million in assets, has transitioned to Ameriprise Financial (NYSE: AMP) from Waddell & Reed. Key team members include Jason Hatch, Mark Wood, Frank Janowitsch, Mary Weber, and Benjamin Esdaile. Following an acquisition of their previous firm, the team sought a reputable firm to enhance client experience and growth potential. They appreciated Ameriprise’s support during the transition and aim to expand financial planning services. Over 4,300 advisors have joined Ameriprise since 2008, reflecting its strong market position.
FAQ
What is the current stock price of Ameriprise Financial (AMP)?
What is the market cap of Ameriprise Financial (AMP)?
What services does Ameriprise Financial offer?
How long has Ameriprise Financial been in business?
How many financial advisors does Ameriprise Financial have?
What is the primary focus of Ameriprise Financial's business?
How has Ameriprise Financial evolved its business model?
What recent partnerships has Ameriprise Financial formed?
How does Ameriprise Financial support diversity and inclusion?
What are some recent achievements of Ameriprise Financial?
How has Ameriprise Financial's financial performance been recently?
Where can I find more information about Ameriprise Financial?
