Ameriprise Financial, Inc. provides financial advice, wealth management, global asset management and insurance solutions through a large U.S. advisor network and the Columbia Threadneedle Investments franchise. Company news commonly covers quarterly results, dividend actions, advisor practice affiliations, succession and practice-acquisition support, and updates tied to its advice and wealth management platform.
Recurring Ameriprise developments also include financial-planning research, investor satisfaction studies, industry rankings for advisors and fund families, and commentary on client engagement, asset growth and capital returns.
Ameriprise Financial (NYSE: AMP) has welcomed veteran financial advisor Ben Fogarty to its branch channel, bringing nearly $140 million in assets from LPL Financial. With 25 years of industry experience, Fogarty, based in Omaha, Nebraska, chose Ameriprise for its advanced technology platform, seamless online client experience, and supportive culture.
Fogarty is accompanied by registered client service associate Karla O'Fallon, with local support from Ameriprise Complex Director Christopher Knust. The move aims to enhance client service, particularly in comprehensive financial planning for retirement-focused clients. Ameriprise has demonstrated strong recruitment success, attracting approximately 1,700 experienced financial advisors in the past 5 years.
Ameriprise Financial (NYSE: AMP) has appointed Brian Mora as Senior Vice President of Experienced Advisor Recruiting. With over 20 years at Ameriprise, Mora will lead a nationwide team focused on recruiting experienced advisors to the firm. He will report to Pat O'Connell, President and Executive VP of the Ameriprise Branch & Institutions Groups.
Mora previously served as regional vice president in the central region of the firm's branch channel. He holds various professional designations including CFP, CRPC, and AWMA, along with a BS in Finance and Management from Montclair State University.
The company has demonstrated strong recruiting success, attracting over 400 advisors in 2023 and approximately 1,700 advisors in the past 5 years.
Ameriprise Financial (NYSE: AMP) has achieved two significant J.D. Power certifications for exceptional customer phone service. The company received its first-ever 'Outstanding Customer Service Experience' certification for client service and its sixth consecutive certification for advisor service.
The recognition came after Ameriprise's call centers exceeded benchmarks in the J.D. Power Certified Customer Service Program℠, which evaluates customer satisfaction based on representative courtesy, promptness, resolution timeliness, and knowledge. Ameriprise is among a select group of companies across industries to receive these certifications, with their advisor service team being consistently recognized from 2019 through 2024.
Ameriprise recently welcomed Gary Presslaff, a 40-year veteran in financial services, to its independent practice, Monumental Financial Planning, in Washington D.C. Presslaff, who manages nearly $100 million in client assets, previously worked with LPL Financial. This move follows the addition of John Cortale and his team to Ameriprise in May 2024, aiming to grow their practice and enhance service quality.
Presslaff expressed enthusiasm about joining Ameriprise, citing the firm's advanced technology and innovative planning strategies. Cortale highlighted Presslaff's extensive knowledge and dedication to client success. Monumental Financial Planning currently manages over $350 million in assets with a team of four advisors and two support staff.
Ameriprise has been successful in attracting experienced advisors, with over 400 advisors joining in 2023 and around 1,700 in the past five years.
Ameriprise Financial (NYSE: AMP) announced that financial advisor Steve Salmon has joined the firm's independent channel from LPL Financial, bringing $110 million in assets. Based in Edina, Minnesota, Salmon was attracted to Ameriprise's comprehensive support system, integrated technology, and financial planning capabilities. The move reflects Ameriprise's continued success in recruiting experienced advisors, with over 400 advisors joining in 2023 and approximately 1,700 advisors in the last 5 years.
Tri-Continental (NYSE: TY) has declared its fourth quarter distributions. Common stockholders will receive an ordinary income distribution of $0.2850 per share and a capital gain distribution of $1.9520 per share, consisting of $0.3669 in short-term and $1.5851 in long-term gains. Preferred stockholders will receive $0.6250 per share. The distributions will be paid on December 23, 2024, for Common Stock and January 2, 2025, for Preferred Stock. Stockholders can elect to receive the capital gain distribution in various stock/cash combinations. The has maintained dividend payments on common stock for 80 consecutive years.
AM Best has affirmed the A+ (Superior) Financial Strength Rating and aa- (Superior) Long-Term Issuer Credit Ratings for RiverSource Life Insurance Company and its subsidiary. The ratings reflect Ameriprise Financial Group's very strong balance sheet strength, strong operating performance, and favorable business profile. The company shows positive operating metrics including continued net income growth, premium growth, and a 45% return on equity. AM Best also affirmed ratings for Ameriprise Captive Insurance Company and various Ameriprise Financial debt instruments, all with stable outlooks.
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.