Ameriprise Finl Inc Stock Price, News & Analysis

The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced an 8% increase in its quarterly cash dividend, raising it by $0.10 to $1.35 per common share. This dividend will be payable on May 19, 2023 to shareholders of record as of May 8, 2023. With over 125 years of experience, Ameriprise Financial offers extensive investment advice, asset management, and insurance services through a network of more than 10,000 financial advisors, demonstrating its commitment to strengthening investors' financial futures.

Ameriprise Financial (NYSE: AMP) reported Q1 2023 earnings with adjusted operating EPS at $7.25, up 25% year-over-year due to strong performance in Wealth Management. GAAP net income per diluted share dropped to $3.79, a 47% decline from $7.10 in Q1 2022, reflecting market impacts on derivatives. Assets under management fell 8% to $1.2 trillion due to market depreciation, despite strong client inflows. Wealth Management adjusted operating revenue rose 11%, with a record operating margin of 31% and total client flows increasing 18% to $12.3 billion. The company returned $641 million to shareholders and announced an 8% dividend increase to $1.35 per share, highlighting solid capital management and resilience amidst market challenges.

Ameriprise Financial Inc. (NYSE: AMP) announced that 439 of its financial advisors have been recognized by Forbes as Best-in-State Wealth Advisors. This accolade highlights advisors who demonstrate high ethical standards, professionalism, and success based on comprehensive data from thousands of advisors across the nation. Pat O’Connell, Executive Vice President, emphasized the significance of this recognition, noting the exceptional client experience provided by these advisors through the support and technology offered by Ameriprise. Bill Williams, another executive, praised the advisors for their dedication to client success and continuous professional development.

For the complete Forbes list of top advisors, visit forbes.com. This recognition reinforces Ameriprise's commitment to delivering quality financial services.

Harry Slade III and Harry Slade IV have joined Ameriprise Financial (NYSE: AMP) to enhance their wealth management services in Ellicott City, Md.. The father-son duo brings over 33 years of combined experience and manages $330 million in assets under the new practice name Ellicott Mills Wealth Management. Their decision to switch firms was driven by the need for flexibility and enhanced client services, utilizing Ameriprise's advanced technology and financial planning tools. The team emphasizes their commitment to multi-generational client relationships and community involvement.

With approximately 1,700 advisors joining Ameriprise in the past five years, the firm continues to attract experienced professionals committed to client service.

Ameriprise Financial, Inc. (NYSE: AMP) will release its first quarter financial results on April 24, 2023, after the close of the New York Stock Exchange. A conference call to discuss the results is scheduled for April 25, 2023, at 9:00 a.m. (ET). Investors can access live audio and presentation materials on the company’s Investor Relations website. Ameriprise has over 10,000 financial advisors and possesses strong capabilities in investment advice, asset management, and insurance, catering to a diverse range of individual and institutional investors.