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) announced a donation of over $17.4 million in 2022, supporting nonprofits focused on domestic hunger relief, homelessness, and financial education. Their initiatives included funding 234 grants aimed at meeting basic needs and enhancing community equity. Employees logged nearly 64,000 volunteer hours, reinforcing a commitment to social responsibility. Noteworthy partnerships include a long-term collaboration with Feeding America, through which over 115 million meals have been provided. Additionally, Ameriprise Bank made a $4 million investment in affordable housing development in the Minneapolis/St. Paul area.
The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced a quarterly cash dividend of $1.25 per common share, set to be paid on February 28, 2023. Shareholders eligible for this dividend must be on record by the close of business on February 10, 2023. With over 125 years of experience, Ameriprise offers comprehensive financial services, including investment advice, asset management, and insurance, supported by a nationwide network of over 10,000 financial advisors.
Ameriprise Financial reported strong Q4 2022 earnings with adjusted operating EPS of $6.94, a 13% increase from the previous year. Full-year adjusted EPS reached $25.14, up 11%. The company returned approximately 85% of earnings to shareholders, totaling $1.9 billion in share repurchases and a dividend increase. Wealth Management generated record client flows of $42.5 billion for the year, bolstered by a growth in cash offerings amid rising interest rates. However, GAAP net income decreased by 30% in Q4 to $494 million, mainly due to market impacts on derivatives.
Financial advisor Russell Smith has transitioned his $150 million practice to org value="NYSE:AMP"Ameriprise Financial in Downers Grove, Illinois. Smith, formerly with Edward Jones, sought enhanced resources to better serve high-net-worth clients. He commended Ameriprise's advisor support, technology, and extensive product offerings as instrumental in his decision. The firm has recently attracted around 1,600 experienced financial advisors in five years, highlighting its expanding influence in the financial advisory sector. This transition signifies Ameriprise’s strong market presence and adaptability in catering to the needs of seasoned advisors.
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Ameriprise Financial (NYSE: AMP) will announce its fourth quarter financial results on January 25, 2023, after the markets close. A conference call is scheduled for January 26, 2023, at approximately 9:00 a.m. ET to discuss these results. Investors and stakeholders can access live audio of the call, along with presentation slides and replays on the Ameriprise Financial Investor Relations website.
With over 125 years of experience, Ameriprise Financial serves a wide range of financial needs through its network of over 10,000 financial advisors.
Ameriprise Financial (NYSE: AMP) launched two new television ads aimed at helping clients navigate market uncertainty. The ads, part of the company's Advice Worth Talking About brand, emphasize the value of personalized financial advice. Marie O'Neill, senior VP of marketing, highlighted the importance of trusted advisors in the current volatile environment. The commercials feature real clients sharing their positive experiences with Ameriprise advisors, reinforcing confidence amid rising interest rates and inflation. The campaign will be promoted across various media platforms, including cable news and digital advertising.
Matthew De Vries, a financial advisor with nearly 15 years of experience, has joined Ameriprise Financial (NYSE: AMP) from Edward Jones. De Vries leads the Surety Wealth Group, which manages $125 million in assets. His decision was driven by Ameriprise's positive reputation and comprehensive resources, enabling him to deliver exceptional client service. Notably, around 1,600 advisors have joined Ameriprise in the last five years, reflecting its strong appeal in the financial advisory sector.
Columbia Threadneedle Investments announced that Melda Mergen, Global Head of Equities, was recognized as a top woman in asset management by DiversityQ during its 2022 U.S. Women in Asset Management Awards. Mergen, a co-winner in the global equities category, manages a team of over 200 investment professionals handling nearly $278 billion in assets. The awards celebrate efforts in promoting diversity and ethical investments in the asset management industry. Columbia Threadneedle is the asset management group of Ameriprise Financial (AMP).
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