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.
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.
The Board of Directors of Ameriprise Financial has declared a quarterly cash dividend of $1.04 per common share. This dividend is payable on February 26, 2021 to shareholders of record as of February 12, 2021. This marks a continued commitment to providing returns to shareholders while supporting the company's extensive advisory and asset management capabilities.
Ameriprise Financial reported a strong Q4 2020, achieving adjusted operating earnings per diluted share of $4.53, up 8% year-over-year despite challenges from low interest rates. Total assets under management reached a record $1.1 trillion, buoyed by nearly $15 billion in net inflows. The firm returned $502 million to shareholders, totaling $1.8 billion for the year. However, GAAP net income per diluted share fell to $1.43, down 59% from the previous year, impacted by market changes.
Ameriprise Financial (NYSE: AMP) launched a new ad campaign titled “Even Professionals Need a Professional,” showcasing how its financial advisors assist clients in managing finances and achieving goals. The campaign includes two TV spots, “Advisor” and “Architect,” emphasizing the strong client-advisor relationships. Senior VP Marie O’Neill highlighted a growing recognition among professionals of the need for financial advice post-pandemic. The campaign will air on major news networks and digital platforms, reinforcing Ameriprise's commitment to personalized financial guidance.
Ameriprise Financial (NYSE: AMP) has welcomed three new advisor practices, enhancing its Ameriprise Advisor Group with an additional $379 million in client assets. David Moss and Jay Campbell joined from Merrill Lynch, bringing $190 million, while Larry Padron transferred from Stifel with $121 million, and Troy Malbon came from UBS, adding $68 million. The advisors cited Ameriprise's technology and commitment to client service as key factors in their decision to move, contributing to a larger trend of experienced advisors seeking better support and resources.
Columbia Threadneedle Investments has selected three fintech start-ups as partners for the 2021 MassChallenge FinTech accelerator program. These include Knomea Corporation, Manetu, Inc., and WEVO, focusing on data analysis, privacy management, and user conversion strategies. Jay Leopold emphasized the importance of innovation to meet client needs amid market transformations. Columbia Threadneedle has engaged with MassChallenge since 2019, successfully partnering with various fintechs, and aims to enhance its business strategies through these collaborations.
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.
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