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) regularly issues news and updates that reflect its role in the investment advice, asset management and insurance sectors. Company releases cover topics such as quarterly earnings results, dividends declared by the board of directors, board appointments and developments across its advisor network and business segments.
Investors following Ameriprise news can expect detailed announcements around quarterly and annual financial performance, including metrics for Advice & Wealth Management, Asset Management and Retirement & Protection Solutions. The firm uses press releases to summarize earnings, assets under management and advisement, client asset flows and segment-level trends, as well as to provide commentary from senior leadership on strategy and performance.
Ameriprise also highlights advisor recruiting and practice growth in its news flow. Recent announcements describe experienced advisor teams and practices joining Ameriprise from other firms, including teams in the branch channel, independent channel and the Ameriprise Financial Institutions Group. These stories often emphasize reasons for joining Ameriprise, such as financial planning capabilities, technology platforms, service support and the Ultimate Advisor Partnership framework.
In addition, Ameriprise news may reference activities within its Columbia Threadneedle asset management business, including the management of closed-end funds like Tri-Continental Corporation through Columbia Management Investment Advisers, LLC. Board and governance updates, such as the appointment of new directors, are also disclosed through current reports and related press releases.
For users tracking AMP, the news stream provides insight into how Ameriprise describes its client focus, advisor network, capital return practices and segment performance over time. Regularly reviewing these items can help readers understand the company’s priorities, risk disclosures and the evolution of its advisory and asset management franchises.
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.
Ameriprise Financial (NYSE: AMP) has announced its regular quarterly cash dividend of $1.48 per common share. The dividend will be paid on November 15, 2024 to shareholders of record as of November 4, 2024. The company, which has been operating for 130 years, provides investment advice, global asset management, and insurance solutions through its network of more than 10,000 financial advisors.
Ameriprise Financial (NYSE: AMP) reported strong Q3 2024 results with adjusted operating earnings per diluted share increasing 17% to $9.02, excluding unlocking and severance expenses. Assets under management and administration reached $1.5 trillion, up 22% from client net inflows and market appreciation. The company demonstrated solid financial performance with an adjusted operating net revenue increase of 11% and a pretax adjusted operating margin of 27%. Capital return to shareholders totaled $713 million in the quarter. Client assets in the Advice & Wealth Management segment grew 26% to $1.0 trillion, with wrap assets up 28% to $569 billion.
Columbia Threadneedle Investments celebrates the five-year anniversary of its Columbia Research Enhanced Core ETF (NYSE Arca: RECS), which has amassed over $1 billion in client assets. RECS has consistently outperformed its benchmark, the Russell 1000 Index®, through a unique rules-based approach that applies proprietary investment research.
The ETF's strategy addresses a key concern of financial advisors by eliminating unfavorably rated stocks from the benchmark. RECS has earned a 5-star Overall Morningstar Rating and ranks in the top 10% of Morningstar's U.S. Large Blend category for the five-year period ending September 30, 2024. With a total expense ratio of 0.15%, RECS offers a cost-effective and tax-efficient solution for core equity exposure.
Managed by Christopher Lo, Jason Wang, and Henry Hom, RECS uses Columbia Threadneedle's proprietary quantitative models to evaluate companies based on quality, value, and catalyst factors. As of September 30, 2024, the ETF contained 357 US large-cap stocks across growth and value sectors.
Ameriprise Financial (NYSE: AMP) has announced its schedule for the third quarter 2024 investor conference call. The company plans to release its financial results on Wednesday, October 23, 2024 after the New York Stock Exchange closes. A conference call to discuss the results will be held on Thursday, October 24, 2024 at 9:00 a.m. ET.
Investors can access a live audio webcast of the conference call, along with presentation slides and an audio replay, on the Ameriprise Financial Investor Relations website at ir.ameriprise.com. Ameriprise Financial has been helping clients with their financial futures for 130 years, offering investment advice, global asset management, and insurance solutions through a network of over 10,000 financial advisors.
Star Mountain Capital, a specialized investment firm with over $4.0 billion in assets under management, has promoted Scott Couto from Senior Advisor to President. Couto, with over 30 years of experience in asset management, joins the firm's Executive Committee. His previous roles include Executive Vice President & Head of North America at Columbia Threadneedle Investments ($650+ billion AUM) and President of Fidelity Institutional Asset Management.
Couto's extensive experience in strategic leadership, business management, governance, risk management, and client relations is expected to maximize value for Star Mountain stakeholders. The firm focuses on generating defensive, premium yield and strong total returns from the less efficient and resource-intensive market of U.S. private small and medium-sized businesses in the lower middle-market.