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 (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.
Ameriprise Financial (NYSE: AMP) has announced nearly $2 million in grant funding to nonprofits across the U.S. as part of its first-round 2024 grants. The company aims to strengthen communities and help individuals meet basic needs and achieve financial independence. In celebration of its 130th anniversary, Ameriprise donated an additional $130,000 to hunger relief organizations, providing over one million meals to people in need.
Key grant recipients include Second Harvest Food Bank of Metrolina, Lake Street Council, Rosie's Place, and American Corporate Partners. These organizations focus on food distribution, community development, women's shelter services, and veteran support, respectively. Ameriprise's commitment to community support is further exemplified by its 15-year partnership with Feeding America, having donated more than 125 million meals to date.
Monumental Financial Planning, led by Private Wealth Advisor John Cortale, has joined Ameriprise Financial, Inc. (NYSE: AMP) from LPL Financial, bringing $250 million in client assets. The team, which includes advisors John Martin Moran and Nina Kamrani, chose Ameriprise for its enhanced financial planning capabilities, greater firm support, and fully-integrated technology.
Cortale expressed excitement about leveraging Ameriprise's resources to better serve clients and help them achieve their financial goals. The move 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.