Welcome to our dedicated page for Ameriprise Finl news (Ticker: AMP), a resource for investors and traders seeking the latest updates and insights on Ameriprise Finl stock.
Company Overview
Ameriprise Financial is a venerable financial services firm with a longstanding history in financial planning, wealth management, and asset management. Based on a tradition of personalized client service, the company has crafted a reputation for delivering tailored financial strategies that address both individual and institutional needs. Its operations are deeply rooted in industry-specific expertise, addressing the multifaceted demands of modern financial planning and investment management.
Business Model and Core Segments
Ameriprise Financial employs a dual-pronged business model that integrates comprehensive financial planning with an extensive advisory network. The firm primarily generates revenue from its asset and wealth management segments, providing clients with strategic insights and personalized investment solutions. This approach is built around the principle of aligning financial strategies with the unique circumstances and long-term aspirations of each client.
Advisory Network and Client-Centric Approach
A key pillar of Ameriprise Financial’s success is its extensive network of experienced advisors. These professionals work closely with clients, investing the time necessary to understand their financial goals and personal circumstances. By doing so, the company is able to craft bespoke financial plans that are both robust and adaptive, ensuring that every client receives a strategy that is as individualized as it is effective.
Market Position and Competitive Landscape
Within the competitive financial services sector, Ameriprise Financial stands out by combining a rich heritage in financial planning with modern, client-centric advisory practices. The firm’s deep expertise in asset and wealth management has enabled it to differentiate itself in a crowded marketplace. Its strategic commitment to quality financial advice and an unwavering focus on client needs allow it to maintain a substantial market presence, even in a challenging economic environment.
Operational Strength and Core Values
At the heart of Ameriprise Financial’s operations lies a commitment to core values such as integrity, excellence, and respect. These values are integral to its business philosophy, guiding everything from client interactions to the development of sophisticated financial strategies. The company’s operations marry a team-based ethos with an entrepreneurial spirit, ensuring that every financial solution is both rigorously analyzed and personally crafted.
Industry Terminology and Strategic Insights
Ameriprise Financial’s service offerings are intertwined with industry-specific concepts such as financial planning, asset management, and wealth management. The firm leverages these concepts to perform detailed risk assessments, manage complex investment portfolios, and design financial solutions that are both sustainable and strategically sound. This deep interconnection of services enables the company to address a wide range of client needs systematically and effectively.
Conclusion
With a storied legacy and a meticulous approach to client service, Ameriprise Financial represents a robust and reliable presence in the financial services industry. Its comprehensive blend of personalized financial planning, extensive advisory capabilities, and rigorous asset management positions the firm as a trusted provider of tailored investment solutions. By continuously evolving its service model while adhering to core values, Ameriprise Financial offers enduring expertise and value to its diverse clientele.
Ameriprise Financial (NYSE: AMP) has achieved two significant J.D. Power certifications for exceptional customer phone service. The company received its first-ever 'Outstanding Customer Service Experience' certification for client service and its sixth consecutive certification for advisor service.
The recognition came after Ameriprise's call centers exceeded benchmarks in the J.D. Power Certified Customer Service Program℠, which evaluates customer satisfaction based on representative courtesy, promptness, resolution timeliness, and knowledge. Ameriprise is among a select group of companies across industries to receive these certifications, with their advisor service team being consistently recognized from 2019 through 2024.
Ameriprise recently welcomed Gary Presslaff, a 40-year veteran in financial services, to its independent practice, Monumental Financial Planning, in Washington D.C. Presslaff, who manages nearly $100 million in client assets, previously worked with LPL Financial. This move follows the addition of John Cortale and his team to Ameriprise in May 2024, aiming to grow their practice and enhance service quality.
Presslaff expressed enthusiasm about joining Ameriprise, citing the firm's advanced technology and innovative planning strategies. Cortale highlighted Presslaff's extensive knowledge and dedication to client success. Monumental Financial Planning currently manages over $350 million in assets with a team of four advisors and two support staff.
Ameriprise has been successful in attracting experienced advisors, with over 400 advisors joining in 2023 and around 1,700 in the past five years.
Ameriprise Financial (NYSE: AMP) announced that financial advisor Steve Salmon has joined the firm's independent channel from LPL Financial, bringing $110 million in assets. Based in Edina, Minnesota, Salmon was attracted to Ameriprise's comprehensive support system, integrated technology, and financial planning capabilities. The move reflects Ameriprise's continued success in recruiting experienced advisors, with over 400 advisors joining in 2023 and approximately 1,700 advisors in the last 5 years.
Tri-Continental (NYSE: TY) has declared its fourth quarter distributions. Common stockholders will receive an ordinary income distribution of $0.2850 per share and a capital gain distribution of $1.9520 per share, consisting of $0.3669 in short-term and $1.5851 in long-term gains. Preferred stockholders will receive $0.6250 per share. The distributions will be paid on December 23, 2024, for Common Stock and January 2, 2025, for Preferred Stock. Stockholders can elect to receive the capital gain distribution in various stock/cash combinations. The has maintained dividend payments on common stock for 80 consecutive years.
AM Best has affirmed the A+ (Superior) Financial Strength Rating and aa- (Superior) Long-Term Issuer Credit Ratings for RiverSource Life Insurance Company and its subsidiary. The ratings reflect Ameriprise Financial Group's very strong balance sheet strength, strong operating performance, and favorable business profile. The company shows positive operating metrics including continued net income growth, premium growth, and a 45% return on equity. AM Best also affirmed ratings for Ameriprise Captive Insurance Company and various Ameriprise Financial debt instruments, all with stable outlooks.
Ameriprise Financial is partnering with Feeding America for the 15th consecutive year to provide meals during the holiday season. On Nov. 14, over 3,100 employees, advisors, and clients will volunteer at food banks nationwide as part of the firm's National Day of Service. Volunteers have contributed 400,000 hours to hunger relief since the program's inception. Additionally, Ameriprise is donating nearly $b>$2.8 million in grants to 121 nonprofits across the country, focusing on basic needs, community support, and volunteer impact amplification. The company has donated a total of $4.7 million and supported over 200 nonprofits through its two grant cycles in 2024.
Q5 Wealth Management, a team managing $1.5 billion in client assets, has expanded with the addition of financial advisor Scott Guptill, who manages $100 million in client assets. The team joined Ameriprise Financial's independent channel in August 2024 from UBS Financial Services. Guptill, previously with Morgan Stanley, joined Q5 to enhance his high-net-worth clients' experiences and leverage Ameriprise's digital capabilities. This expansion comes as part of Q5's growth strategy, with the team citing Ameriprise's sophisticated resources as a key factor in their decision. Ameriprise has attracted over 400 advisors in 2023 and approximately 1,700 in the last 5 years.
Ameriprise Financial (NYSE: AMP) has been named a 2025 Military Friendly® Employer by VIQTORY for the eleventh consecutive year. The recognition highlights Ameriprise's commitment to creating an inclusive workplace for military community members. The evaluation was based on public data and employer survey responses, considering factors like veteran recruitment, retention, turnover, and advancement.
The company demonstrates its support for veterans through initiatives like the Certified Military Financial Advisor™(CMFA) certification, launched in partnership with Dalton Education in 2022. Ameriprise also supports the U.S. Army Reserve Private Public Partnership to help veterans transition to civilian employment.
Ameriprise Financial (NYSE: AMP) has secured five Brandon Hall Group awards for excellence in learning and development, including four gold awards and one bronze award in Human Capital Management Excellence. The gold awards were received for Best Use of Blended Learning, Best Use of Performance Support, Best New Hire Onboarding Program, and Best Results of a Learning Program, while the bronze award was for Best Learning in the Flow of Work.
The company's learning and development program offers comprehensive training in client service, technology, practice management, and leadership development. The awards recognize Ameriprise's commitment to providing innovative and effective training programs for advisors and their teams, focusing on delivering exceptional client experiences and professional growth opportunities.
Financial advisors Kelly France and Dan Lotts have joined River Prairie Wealth Partners, an Ameriprise Financial practice, bringing over $250 million in client assets from LPL Financial. The team joins the Altoona, Wisconsin-based practice led by Private Wealth Advisor Adam Mohr, which manages over $3 billion in client assets across eight office locations in Minnesota and Wisconsin. The practice employs 29 advisors and 34 support staff. France and Lotts, who have more than 30 years of combined industry experience, cited Ameriprise's comprehensive client support, technology, and financial planning tools as key factors in their decision. Ameriprise has attracted over 400 advisors in 2023 and approximately 1,700 in the past 5 years.
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