Ameriprise Finl Inc Stock Price, News & Analysis

Ameriprise Financial announced a donation of $2 million in grants to support communities in need, through its National Days of Service initiative. Employees, advisors, and clients will volunteer to combat hunger, addressing the needs of 38 million Americans, including 12 million children. The funding will be distributed to 105 nonprofits, with a notable $250,000 dedicated to Feeding America. Challenges including rising food costs and volunteer shortages further highlight the urgency of this support.

Tri-Continental Corporation (NYSE: TY) announced a second quarter ordinary income distribution of $0.2782 per share for Common Stock and $0.6250 for Preferred Stock, along with a capital gain distribution of $0.5289 per common share. Distributions will be paid on June 22, 2022, with an ex-dividend date of June 10, 2022. The company has consistently paid dividends for 78 years. The investment manager is Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP).

AM Best has assigned a Long-Term Issue Credit Rating of a- (Excellent) to Ameriprise Financial's $500 million, 4.5% senior unsecured notes due May 13, 2032. The outlook is stable, with no changes to other ratings. Proceeds from the debt issuance will support general corporate purposes. Following this issuance, Ameriprise Financial’s adjusted financial leverage is projected to increase to 33%, remaining within rating guidelines. AM Best views the company's debt-servicing capabilities positively, noting strong liquidity and a favorable debt maturity structure.

Christine Gustafson, a Private Wealth Advisor, has joined Ameriprise Financial from UBS, bringing over $450 million in client assets. Operating in Phoenix, Gustafson's team focuses on customized wealth management for high-net-worth clients across the U.S. They value Ameriprise for its commitment to financial planning and advanced technology. With over 30 years of experience, Gustafson leads a five-person team dedicated to exceptional client service, aligning with Ameriprise’s values and vision for comprehensive financial planning, emphasizing personalized portfolio management.

Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has declared a second-quarter distribution of $0.4625 per share, yielding 2.3125% quarterly (9.25% annualized) based on its $20.00 IPO price. As of April 30, 2022, this distribution amounts to 1.6401% (6.56% annualized) of its market price of $28.20. Payment is scheduled for May 24, 2022, with an ex-dividend date of May 13, 2022. The distribution comprises 100% net realized long-term capital gains. Since its inception, the Fund has had an average annual return of 14.60%

Columbia Threadneedle Investments has announced its seventh consecutive year as the title sponsor of the Boston Triathlon, taking place on July 23-24, 2022. As a premier global asset manager, Columbia Threadneedle aims to foster community engagement through the event, which includes various triathlon competitions for all ages. The firm is also partnering with Boston Medical Center as the official charity, focusing on initiatives to address health equity. Columbia Threadneedle manages $699 billion in assets across different markets.

Ameriprise Financial has appointed Dawn Wolfgram as Field Vice President, overseeing 385 independent advisors in Indiana and Illinois managing $31.5 billion in client assets. With over 30 years in wealth management, Wolfgram emphasizes the firm's commitment to advisor growth and support for women in finance. Her predecessor, Trish Moll, now leads the Mid-America region. Ameriprise has over 10,000 advisors, providing comprehensive financial services for over 125 years.

Ameriprise Financial, Inc. (NYSE: AMP) announced that Dr. Marvin Appel sold his Registered Investment Advisor (RIA), Signalert Asset Management, managing $265 million in assets, to the Long Island division of Siena Wealth Advisory Group. This move is part of Appel's retirement transition, allowing him to serve clients for one year to ensure a smooth handover. Siena Wealth, which manages $1.3 billion in assets, aims to enhance client service and expand its advisory team. Ameriprise has facilitated over 275 advisor transitions since 2016, emphasizing its commitment to succession planning.