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.
Tri-Continental (NYSE: TY) has declared its third quarter distribution for 2024. Common stockholders will receive $0.2914 per share, payable on September 23, 2024, while preferred stockholders will receive $0.6250 per share, payable on October 1, 2024. The ex-dividend date for both is September 13, 2024.
TY has maintained an impressive 80-year streak of consecutive dividend payments. The 's investment manager is Columbia Management Investment Advisers, , a subsidiary of Ameriprise Financial. Investors should note that TY's distributions may vary and closed-end funds often trade at a discount to their net asset value.
The employs quantitative methods for security selection and uses leverage through preferred stock, which can increase volatility. Potential investors are advised to carefully review the prospectus for detailed information on investment objectives, risks, and expenses before making investment decisions.
Ameriprise Financial (NYSE: AMP) announced that 96 of its financial advisors have been named to the Forbes “Best-in-State Next-Gen Wealth Advisors” list. This list honors top advisors under 40 based on factors such as business success, compliance records, assets under management, and ethical standards.
Pat O’Connell, Executive VP, praised the advisors, highlighting their commitment to learning, client service, and growth. Bill Williams, Executive VP, noted the recognition as a testament to the advisors' impact on clients' lives and their potential for future success.
Ameriprise Financial (NYSE: AMP) recently hosted its Black Advisor Summit in Minneapolis, bringing together financial advisors, field leaders, and staff. The event, organized in partnership with the firm's Black Empowerment Advisor Community Network (BEACN), focused on celebrating and championing the success of Black financial advisors at Ameriprise. The two-day summit featured keynote speakers, advisor panels, and leadership insights on strategies to serve diverse clients and drive growth.
The event highlighted Ameriprise's commitment to recruiting, retaining, and developing a diverse network of advisors. It aimed to create a platform for learning, connection, and professional development among financial professionals. BEACN's mission to educate and advocate for colleagues and the Black community was emphasized, along with its goal to unify advisors, develop talent, and expand financial literacy.
Ameriprise Financial (NYSE: AMP) has announced that financial advisor Karen DeBaker, CFP®, has joined Threshold Financial Partners, an independent Ameriprise practice in De Pere, Wisconsin. DeBaker brings 10 years of experience and over $120 million in client assets from her previous position at Raymond James.
DeBaker chose Ameriprise for its comprehensive client support, extensive product solutions, and advanced technology resources. The move has been well-received by her clients, who appreciate Ameriprise's track record for client satisfaction. This addition aligns with Ameriprise's continued success in attracting experienced advisors, with over 400 advisors joining in 2023 and approximately 1,700 in the last 5 years.
Q5 Wealth Management, a team of five financial advisors managing $1.5 billion in client assets, has joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from UBS Financial Services, Inc. The team, based in Beaumont and Houston, Texas, chose Ameriprise for its robust resources and innovative digital capabilities to enhance their high-net-worth clients' experience and scale their practice.
The advisors, Omar Bitar, Jeremy Saba, Mike Persia, Ed Persia, and Brad Klein, specialize in advising on complex financial situations for individuals planning for retirement, families, and business owners. They were attracted by Ameriprise's sophisticated wealth management platform and the balance of support and flexibility offered by the independent channel.
Ameriprise has been successful in attracting experienced advisors, with over 400 joining in 2023 and approximately 1,700 in the last 5 years.
Ameriprise Financial (NYSE: AMP) announced that eight of its advisors were named to Barron’s “Top 100 Women Financial Advisors” list for 2024. This recognition is based on professionalism and business success. Honorees include:
- Nancy Daoud (CEO, Opus: Advice First, CT)
- Susan Kim (Managing Partner, Kim, Hopkins & Associates, VA)
- Jennifer Marcontell (Managing Member, Marcontell Wealth Management, TX)
- Charla McIntyre Fields (Fields Wealth Management, TX)
- Kim Orth (Orth Financial Group, DE)
- Geri Pell (CEO, Pell Wealth Partners, NY)
- Gail Reid (President, Castlewatch Wealth, CA)
- Michelle Young (President, Confetti Wealth, MN)
Bill Williams, EVP of Ameriprise, commended the advisors for their professionalism and dedication. Ameriprise supports women advisors through initiatives like the Women’s Interest Network, Women’s Global Leadership Academy, and Career Compass events.
Financial advisor Michael Walstien has joined Ameriprise Financial (NYSE: AMP) from UBS Financial Services, managing $150 million in assets. Walstien highlighted several reasons for his move, including enhanced client service support, Ameriprise's expertise in financial planning, cutting-edge technology, and a supportive, empowering culture. Walstien's transition has been smooth, gaining positive feedback from his clients. Ameriprise has successfully attracted over 400 advisors in 2023 and about 1,700 in the past five years.
Ameriprise Financial Services has filed a lawsuit against LPL Financial in United States District Court, alleging that LPL is engaged in a widespread pattern of mishandling and misappropriating confidential client information and trade secrets during advisor transitions. The lawsuit claims that LPL systematically directs recruited advisors to take confidential information from Ameriprise and competitors, violating securities laws, regulations, and industry standards.
Ameriprise contends that LPL's actions violate client privacy rights and expose recruited advisors to regulatory and criminal risks. Michael Taaffe, outside counsel for Ameriprise, stated that LPL has flagrantly disregarded industry protocols for years and obtained sensitive data they are not entitled to. The lawsuit seeks to hold LPL accountable for their alleged misconduct in handling personal information of investors.
Ameriprise Financial, Inc. (NYSE: AMP) has announced a quarterly cash dividend of $1.48 per common share. The dividend will be payable on August 16, 2024 to shareholders of record at the close of business on August 5, 2024. This declaration demonstrates Ameriprise's commitment to returning value to shareholders.
Ameriprise Financial, with a 130-year history, offers extensive investment advice, global asset management capabilities, and insurance solutions. The company boasts a nationwide network of over 10,000 financial advisors, positioning itself to serve a wide range of individual and institutional investors' financial needs.
Ameriprise Financial (NYSE:AMP) reported strong Q2 2024 results, with adjusted operating earnings per diluted share of $8.53, up 17% to $8.72 excluding severance expenses. The company's assets under management and administration reached $1.4 trillion, a 12% increase driven by client net inflows and market appreciation. Adjusted operating net revenues grew 9% due to organic growth, strong equity markets, and higher spread revenues. Ameriprise demonstrated its financial strength by returning $693 million to shareholders through share repurchases and dividends. The company's pretax adjusted operating margin was 26.8%, with an adjusted operating return on equity of 48.9%. Ameriprise's Advice & Wealth Management segment saw pretax adjusted operating earnings reach a new high of $822 million, while the Asset Management segment's pretax adjusted operating earnings increased 35% to $218 million.
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