Ameriprise Financial, Inc. - AMP STOCK NEWS

Ameriprise Financial, Inc. (NYSE: AMP) is scheduled to announce its fourth quarter financial results on January 27, 2021, after the close of the NYSE. A conference call to discuss these results will be held on January 28, 2021, at approximately 9:00 a.m. ET. Investors can access the live audio of the call, along with presentation slides and an audio replay, on the Ameriprise Financial Investor Relations website.

With a history of over 125 years, Ameriprise strives to empower individuals regarding their financial futures, backed by around 10,000 financial advisors.

West Wealth Management, led by Michael West, Andrew West, and Laura Cook, has transitioned to Ameriprise Financial (NYSE: AMP) from Raymond James, managing $150 million in assets. This move is aimed at enhancing efficiency and customer service, allowing for strategic growth within their independent practice. Michael West, with 28 years of experience, emphasized the importance of flexibility and control in their operations. The team is focused on serving diverse clients across 33 states, including targeted support for women affected by the pandemic.

According to a recent survey by Columbia Threadneedle Investments, 80% of financial advisors are satisfied with their equity income allocations. Key factors driving this satisfaction include portfolio diversification (74%) and total return (70%). Additionally, 35% of advisors plan to increase allocations to equity income strategies. The majority prefer U.S. equities, particularly blue-chip stocks, but 23% will consider convertible securities. Advisors emphasize that equity income can provide a reliable income stream and capital appreciation, especially in today's low-yield environment.

Financial advisors Kathy Crowley, Corinne Crowley, and Seamus Keenan have transitioned to Ameriprise Financial Institutions Group from Raymond James, bringing with them $168 million in client assets. Operating under the name Centennial Financial Services, the team aims to enhance financial advice and investment services to 15 bank branches in the Florida Panhandle. The move is driven by Ameriprise's robust financial planning resources and client service focus, allowing the team to better support clients in achieving their financial goals.

Ameriprise Financial (NYSE: AMP) welcomed four new advisors with a total of $295 million in client assets. Ross Perkins, who moved from UBS, brings $135 million, while Thomas Rodman, Maureen Cioppi-Grill, and Paul Teufel joined from Morgan Stanley, contributing $160 million. They cited Ameriprise's robust support, technology, and commitment to clients as key factors in their decision. The recruitment underscores Ameriprise's appeal, with over 4,300 advisors joining since 2008.

Ameriprise Financial is enhancing its volunteer programs amid the pandemic, focusing on community support through virtual initiatives. The firm’s annual National Days of Service will see employees and advisors delivering groceries and hosting food drives, emphasizing safety. As part of its commitment, Ameriprise is matching donations to Feeding America, contributing up to $250,000 to support hunger relief. With a decade-long partnership, the firm has helped provide nearly 100 million meals. The need for assistance has grown significantly during the pandemic, making their efforts vital this holiday season.

Ameriprise Financial, Inc. (NYSE: AMP) announced that Northwest Financial Solutions, an experienced team of financial advisors managing approximately $371 million in client assets, has joined the company in Vancouver, Washington. The team, including advisors Jason Lambert, Dustin Martin, David Topper, and Katie Jo Swasey, emphasized their focus on client service, intuitive client tools, marketing resources, and innovative financial planning technology as key factors in their decision. This addition is part of a broader trend, with more than 4,300 financial advisors joining Ameriprise since 2008.

Financial advisors Matt Griffin and Jason Driver have joined Ameriprise Financial Institutions Group, bringing in $149 million in client assets. Their advisory team, Steward Concepts, will collaborate with Family Trust Credit Union in Rock Hill, SC. Griffin praised Ameriprise's integrated technology, which enhances client interaction through video chats and mobile transactions. The CFO of Family Trust highlighted Ameriprise's transparency and efficiency. The firm aims to elevate financial services nationwide, supported by its Financial Institutions Group established post-acquisition of Investment Professionals, Inc.

The Board of Directors of Ameriprise Financial has declared a quarterly cash dividend of $1.04 per common share. This dividend is payable on November 20, 2020, to shareholders on record as of November 9, 2020. With a rich history of over 125 years, Ameriprise Financial offers extensive advisory, asset management, and insurance services through a network of approximately 10,000 financial advisors.