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.
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.
Ameriprise Financial (NYSE: AMP) will announce its second quarter 2024 financial results on Wednesday, July 24, 2024, after the New York Stock Exchange closes. The company will hold a conference call to discuss the results on Thursday, July 25, 2024, at 9:00 a.m. ET. Investors can access a live audio webcast, presentation slides, and an audio replay through the Ameriprise Financial Investor Relations website. With over 130 years of experience, Ameriprise Financial offers investment advice, global asset management, and insurance solutions, serving individual and institutional investors via a network of over 10,000 financial advisors.
Star Mountain Capital, an investment firm with over $4.0 billion in assets under management, has appointed Scott Couto as Senior Advisor. Couto brings over 30 years of experience in asset management, including roles at Columbia Threadneedle Investments and Fidelity Investments. At Columbia Threadneedle, he oversaw $650 billion in assets as Head of North America, and at Fidelity, he managed $580 billion in client assets. Star Mountain focuses on private loans, equity investments, and secondary LP interests in U.S. lower middle-market businesses. Couto’s expertise in strategic leadership, risk management, and client relations aligns with Star Mountain's goal of generating low-market-correlated returns.
Ameriprise Financial (NYSE: AMP) celebrates its 130th anniversary on June 29. Founded in Minneapolis in 1894, the firm now operates in 18 countries, managing over $1.4 trillion in assets. Ameriprise has grown its market capitalization from $8.8 billion in 2005 to over $43 billion today. The company, which was originally known as Investors Syndicate and later as Investors Diversified Services (IDS), has maintained a strong commitment to client trust, innovation, and community support. Since its public debut in 2005 post-spinoff from American Express, Ameriprise has donated over $200 million to nonprofits and aims to exceed 130 million meals donated to Feeding America by the end of 2024.
Under the leadership of Jim Cracchiolo, Ameriprise has consistently delivered strong financial performance, holding the #1 position in total shareholder return in the S&P 500 Financials Index since 2005. The company is also known for its resilience, having navigated major economic crises without government bailouts and continually investing in its capabilities and people.
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.