Ameriprise Finl Inc Stock Price, News & Analysis

Paul Holt has joined Ameriprise Financial (NYSE: AMP) from Raymond James, citing its technology capabilities and client-centric culture as key factors for his move.

Holt, who has managed $147 million in client assets over 36 years, highlighted Ameriprise's dedication to client service and effective onboarding process. The firm has attracted approximately 1,600 advisors in the last five years, with many identifying its technology and financial planning as superior to their previous firms.

The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced a quarterly cash dividend of $1.25 per common share. This dividend will be payable on August 19, 2022 to shareholders who are on record by the close of business on August 8, 2022. With over 125 years of experience, Ameriprise Financial provides a wide range of financial services, backed by a strong network of 10,000 financial advisors, catering to the needs of individual and institutional investors.

Ameriprise Financial reported Q2 2022 adjusted operating earnings per diluted share of $5.81, a 10% increase from $5.27 in Q2 2021, alongside a GAAP net income of $6.61 per diluted share, marking a 35% rise year-over-year. The company experienced a 3% increase in adjusted operating net revenue, totaling $3.5 billion, despite market challenges. Assets under management stand at $1.2 trillion. Capital returns to shareholders remain robust, with plans to return 90% of operating earnings this year. Notably, the integration of the BMO EMEA acquisition is progressing as expected.

Ameriprise Financial (NYSE: AMP) is set to announce its second quarter financial results on July 26, 2022, after the market closes. A conference call to discuss these results will be held on July 27, 2022, at 9:00 a.m. ET. Investors can access live audio of the call, presentation slides, and an audio replay via the Ameriprise Financial Investor Relations website. With over 125 years of experience and a network of more than 10,000 financial advisors, Ameriprise continues to provide comprehensive financial services.

Virginia Credit Union (VACU) has partnered with Ameriprise Financial (NYSE: AMP), transitioning its investment program to enhance offerings for over 300,000 members. This collaboration introduces the VACU Investment Group (VACUIG), led by five financial advisors managing $335 million in assets. The partnership aims to provide personalized financial plans, robust investment solutions, and advanced digital capabilities, improving member experience amid market volatility. VACUIG is dedicated to helping clients achieve their financial goals through innovative advisory services.

Ameriprise Financial (NYSE: AMP) welcomes top-ranked financial advisor Jennifer Marcontell and her team, Marcontell Wealth Management, who have transitioned from Edward Jones. Managing $1.7 billion in assets, the team aims to enhance wealth management services using Ameriprise's advanced technology. Marcontell emphasizes maintaining strong client relationships and expanding service efficiency. Ameriprise has attracted approximately 1,600 advisors in five years, reinforcing its reputation as a preferred choice for experienced financial professionals.

The Coastal Group, a wealth management practice managing $165 million in client assets, has transitioned to Ameriprise Financial (NYSE: AMP) from RBC Capital Markets. Founded by Marilyn Neckes, the team aims to leverage Ameriprise’s financial planning platform and coaching resources for growth. Neckes, with 38 years of experience, emphasizes commitment to client care, while advisor Scott Zingone highlights the need for advanced tools to facilitate client service. Ameriprise has attracted around 1,600 advisors in the last five years, indicating its growing appeal in the financial advisory sector.

Tri-Continental Corporation (NYSE: TY) held its 92^nd Annual Meeting of Stockholders in Minneapolis, Minnesota. Stockholders elected Directors Douglas A. Hacker and Daniel J. Beckman, and re-elected Minor M. Shaw and Sandra L. Yeager, all serving until the 2025 Annual Meeting. Additionally, they ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2022. The Corporation is managed by Columbia Management Investment Advisers, LLC, and potential investors are urged to review the investment objectives, risks, and expenses associated with the Corporation.