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.
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The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced an 8% increase in its quarterly cash dividend, raising it by $0.10 to $1.35 per common share. This dividend will be payable on May 19, 2023 to shareholders of record as of May 8, 2023. With over 125 years of experience, Ameriprise Financial offers extensive investment advice, asset management, and insurance services through a network of more than 10,000 financial advisors, demonstrating its commitment to strengthening investors' financial futures.
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.