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. 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) 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.
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Harry Slade III and Harry Slade IV have joined Ameriprise Financial (NYSE: AMP) to enhance their wealth management services in location value="LU/us.md.ellity"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.
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Ameriprise Financial has welcomed Saxon Advisors, a firm managing nearly $180 million in assets, to its independent channel. The Cincinnati-based team, led by Garry Rutledge, Brian Bushman, and Donald McClurg, transitioned from Cambridge Investment Research Inc. to leverage Ameriprise's advanced technology and comprehensive financial planning tools. This move is aimed at enhancing client service and operational efficiency. Over the past five years, Ameriprise has attracted approximately 1,700 financial advisors, with high satisfaction rates among those making the switch due to improved resources and capabilities.
Columbia Threadneedle Investments announced that its funds, Columbia Dividend Income Fund and Columbia Global Technology Growth Fund, received the 2023 U.S. Refinitiv Lipper Fund Awards. The awards recognize the two funds for their top performance in their respective categories over 10 years, with the technology fund noted for its best risk-adjusted returns for three consecutive years. Columbia Threadneedle manages $584 billion in assets and focuses on delivering consistent results to help clients meet financial goals.
Ameriprise Financial, Inc. (NYSE: AMP) announced that 67 of its financial advisors have been recognized in the 2023 Barron’s “Top 1,200 Financial Advisors” list. These rankings highlight advisors' ethical standards, professionalism, and business success, based on data from over 4,000 advisors. Bill Williams and Pat O’Connell from Ameriprise expressed pride in the commitment and passion of their advisors, emphasizing the importance of their partnership in delivering exceptional client experiences. The complete list is available on Barron’s.com.
The Board of Directors of Columbia Seligman Premium Technology Growth Fund (NYSE: STK) announced its 13th Annual Meeting of Stockholders on June 20, 2023, in Minneapolis, MN. The record date for voting rights is set for April 11, 2023. During the meeting, stockholders will elect Ms. Janet Langford Carrig and re-elect three other directors: Mses. Patricia M. Flynn, Catherine James Paglia, and Mr. Brian J. Gallagher. Additionally, they will vote on the ratification of PricewaterhouseCoopers LLP as the Fund’s independent accounting firm for the 2023 fiscal year. Full details will be provided in a notice of meeting and proxy statement to be filed with the SEC.