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.
The Board of Directors of Tri-Continental Corporation (NYSE: TY) has announced its 93rd Annual Meeting of Stockholders, scheduled for June 20, 2023, in Minneapolis, MN. The record date for stockholders entitled to vote is April 11, 2023. Key agenda items include the election of one new director, Janet Langford Carrig, and the re-election of three existing directors for continued service until 2026. Additionally, the selection of PricewaterhouseCoopers LLP as the accounting firm for the 2023 fiscal year will be ratified. Detailed information will be provided in a forthcoming notice and proxy statement.
AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to Ameriprise Financial's recently announced $750 million, 5.15% 10-year senior unsecured notes due May 15, 2033. The stable outlook on this rating indicates a solid financial positioning. The proceeds will likely be used to repurchase existing $750 million, 4.0% unsecured notes maturing in October 2023. While debt leverage will temporarily increase, it is expected to return to the 30% range. Ameriprise holds a strong liquidity position with $6.9 billion in cash equivalents and reported $2.6 billion pre-tax adjusted operating income for 2022.
Ameriprise Financial (NYSE: AMP) and Comerica Bank (NYSE: CMA) have formed a strategic partnership where Ameriprise will become Comerica's new investment program provider. This agreement includes transitioning specific insurance, brokerage, and investment advisory services to Ameriprise’s Financial Institutions Group. The transaction is set to close by year-end. Comerica’s wealth management division oversees approximately $195 billion in assets, with $18 billion managed by securities. This collaboration aims to enhance services for Comerica's financial advisors and boost client satisfaction through Ameriprise's technology and support.
Tri-Continental Corporation (NYSE: TY) announced a first-quarter ordinary income distribution of $0.2900 per share for Common Stock and $0.6250 per share for Preferred Stock. Common Stockholders will receive their dividends on March 21, 2023, with a record date of March 13, 2023. Preferred Stockholders will be paid on April 3, 2023, also with a record date of March 13, 2023. The Corporation has consistently paid dividends on its Common Stock for 79 years. However, market risks and variations in distributions may affect investors' returns.
Ameriprise Financial (NYSE: AMP) announced that 135 of its financial advisors were recognized in Forbes' "Top Women Wealth Advisors Best-In-State" list, highlighting their ethical standards, professionalism, and client retention. Pat O’Connell, EVP, praised the achievements of these women, emphasizing their commitment to exceptional client service. Ameriprise's strategy focuses on supporting women in finance through initiatives like the Women’s Empowerment Network and Advisor Summits. With over 125 years of experience, Ameriprise aims to meet the diverse financial needs of individual and institutional investors, supported by a network of around 10,000 advisors.
Ameriprise Financial (NYSE: AMP) is hosting the Career Compass event on February 23 to attract women into finance careers. The initiative aims to help women at various career stages, including those returning to the workforce or recent graduates. Registration for the virtual event is now open. Following the event, attendees can explore job opportunities at Ameriprise, including programs like the Advisor Career Development Program and becoming an Associate Financial Advisor. Since its inception in 2020, the Career Compass series has assisted hundreds of women, underscoring Ameriprise's commitment to diversity in financial services.
Jim Whitehead, a seasoned financial advisor with over 21 years of experience, has joined Ameriprise Financial (AMP) from Securian Financial Services in Memphis, TN. His decision was influenced by Ameriprise’s strong reputation for client-centric financial planning and its advanced technological support. Whitehead aims to enhance client experiences and intends to expand his team to serve more individuals and businesses in the Memphis area. He emphasized the importance of tailored financial advice and fostering strong client relationships as key components of his practice.
Ameriprise Financial (NYSE: AMP) will participate in the BofA Securities Financial Services Conference on February 16, from 2:30 to 3:10 p.m. ET. The session will feature James Cracchiolo, Chairman & CEO, and Walter Berman, CFO. Investors can listen to the live webcast on the company's website, with a digital replay available within 24 hours for three months. Ameriprise has over 125 years of experience in providing financial advice, asset management, and insurance services, supported by a network of more than 10,000 financial advisors.
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Ameriprise Financial (NYSE: AMP) announced that 259 of its financial advisors have been recognized in the Forbes Best-in-State Wealth Management Teams list. This acknowledgment highlights the advisors' professionalism, quality of practice, and success, based on data from productive advisors nationwide. Bill Williams, Executive Vice President, commended the advisors for their hard work in achieving clients' financial goals. Pat O’Connell, another Executive Vice President, praised the firm's dedication to providing tailored financial guidance. The full list of advisors is available on Forbes' website.