Ameriprise Financial, Inc. - AMP STOCK NEWS

Ameriprise Financial (NYSE: AMP) proudly announced that 87 of its financial advisors have been named to AdvisorHub's prestigious 'Advisors to Watch' rankings. This recognition highlights top advisors across the industry for their exceptional client service, practice growth, and professionalism. AdvisorHub, a notable publication in the wealth management sector, compiled the rankings based on a variety of performance metrics including assets under management, client relationships, and years of experience. Bill Williams and Pat O'Connell, executives at Ameriprise, expressed their pride in the advisors' achievements and reaffirmed the firm's commitment to providing outstanding advisory support.

Tri-Continental (NYSE: TY) recently held its 94th Annual Meeting of Stockholders in Minneapolis, where stockholders approved the Board's recommendations on two key proposals. Directors Kathleen Blatz, Pamela G. Carlton, George S. Batejan, and David M. Moffett were elected to terms extending to the 2027 Annual Meeting. Additionally, PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the 2024 fiscal year. The is managed by Columbia Management Investment Advisers, Investors are advised to review the prospectus for detailed information on investment objectives, risks, charges, and expenses before investing.

Financial advisor Michael Cruz has joined Ameriprise Financial (NYSE: AMP) from Wells Fargo Clearing Services, , bringing over $100 million in assets from Temecula, California. Cruz, who has nearly 30 years of industry experience, chose Ameriprise to expand his practice and better serve his clients. He plans to use the firm's comprehensive suite of products and services, financial planning platform, and integrated technology to drive organic growth through client referrals and inorganic growth through practice acquisitions. Ameriprise has attracted over 400 financial advisors in 2023 and approximately 1,700 advisors in the past five years.

Private Wealth Advisor Kyle Rasmussen, CFP®, APMA™, and Financial Advisor Nick Blasberg have rejoined Ameriprise Financial from LPL Financial, bringing over $105 million in client assets. Operating under Generational Wealth Partners, their team includes financial planning specialist Hunter Bell, CFP®. Rasmussen emphasized Ameriprise's supportive environment, integrated technology, leadership support, and resources for external practice acquisitions as reasons for the move. Ameriprise has attracted over 400 advisors in 2023 and approximately 1,700 in the last five years.

Tri-Continental (NYSE: TY) declared a second quarter distribution of $0.2905 per share for Common Stock and $0.6250 per share for Preferred Stock. Additionally, a long-term capital gain distribution of $0.2878 per Common Stock share was announced. The Common Stock distribution will be paid on June 18, 2024, and the Preferred Stock distribution on July 1, 2024, to shareholders of record as of June 10, 2024. Shareholders have the option to receive the capital gain distribution in various combinations of cash and stock. The emphasized that current distributions are generated from earnings and profits, not a return of capital. The net asset value of the ’s shares may not align with market prices, and the investment carries stock market risks. The company is managed by Columbia Management Investment Advisers, a subsidiary of Ameriprise Financial.

Julie Wallace, a financial advisor with over $100 million in client assets, moved her practice to Ameriprise Financial, Inc. from Wells Fargo Clearing Services to provide clients with a more robust financial planning experience. Wallace values the client-first culture and operational excellence at Ameriprise, allowing her to focus on building deep client relationships and helping clients achieve their financial goals.

Ameriprise Financial, Inc. (NYSE: AMP) has announced a 10% increase in its quarterly cash dividend, raising it to $1.48 per common share. The dividend will be payable on May 17, 2024, to shareholders of record as of May 6, 2024.

Ameriprise Financial reported strong first-quarter 2024 results with adjusted operating earnings per diluted share up 16% to $8.39. GAAP net income per diluted share was $9.46, compared to $3.79 a year ago. The company raised its quarterly dividend by 10%. Assets under management and administration reached $1.4 trillion, up 15% driven by client net inflows and market appreciation. Ameriprise returned $650 million to shareholders in the quarter. The Wealth Management segment saw adjusted operating net revenues increase by 13% to $2.6 billion, with total client assets growing to $954 billion. Asset Management segment's adjusted operating net revenues grew 7% to $855 million, with total segment AUM reaching $652 billion. Retirement & Protection Solutions' pretax adjusted operating earnings increased by 3% to $199 million, driven by higher interest rates and equity markets. The Corporate & Other segment reported a pretax adjusted operating loss of $99 million, including unfavorable mark-to-market impacts.

Ameriprise Financial (NYSE: AMP) has been recognized by Newsweek as one of 'America’s Greatest Workplaces for Women 2024.' The company's commitment to diversity and support for women employees has led to high employee survey scores, highlighting key factors like work-life balance, compensation, and the ratio of women in management.