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.
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.
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.