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. (NYSE: AMP) regularly issues news and updates that reflect its role in the investment advice, asset management and insurance sectors. Company releases cover topics such as quarterly earnings results, dividends declared by the board of directors, board appointments and developments across its advisor network and business segments.
Investors following Ameriprise news can expect detailed announcements around quarterly and annual financial performance, including metrics for Advice & Wealth Management, Asset Management and Retirement & Protection Solutions. The firm uses press releases to summarize earnings, assets under management and advisement, client asset flows and segment-level trends, as well as to provide commentary from senior leadership on strategy and performance.
Ameriprise also highlights advisor recruiting and practice growth in its news flow. Recent announcements describe experienced advisor teams and practices joining Ameriprise from other firms, including teams in the branch channel, independent channel and the Ameriprise Financial Institutions Group. These stories often emphasize reasons for joining Ameriprise, such as financial planning capabilities, technology platforms, service support and the Ultimate Advisor Partnership framework.
In addition, Ameriprise news may reference activities within its Columbia Threadneedle asset management business, including the management of closed-end funds like Tri-Continental Corporation through Columbia Management Investment Advisers, LLC. Board and governance updates, such as the appointment of new directors, are also disclosed through current reports and related press releases.
For users tracking AMP, the news stream provides insight into how Ameriprise describes its client focus, advisor network, capital return practices and segment performance over time. Regularly reviewing these items can help readers understand the company’s priorities, risk disclosures and the evolution of its advisory and asset management franchises.
Virginia Credit Union (VACU) has partnered with Ameriprise Financial (NYSE: AMP), transitioning its investment program to enhance offerings for over 300,000 members. This collaboration introduces the VACU Investment Group (VACUIG), led by five financial advisors managing $335 million in assets. The partnership aims to provide personalized financial plans, robust investment solutions, and advanced digital capabilities, improving member experience amid market volatility. VACUIG is dedicated to helping clients achieve their financial goals through innovative advisory services.
Ameriprise Financial (NYSE: AMP) welcomes top-ranked financial advisor Jennifer Marcontell and her team, Marcontell Wealth Management, who have transitioned from Edward Jones. Managing $1.7 billion in assets, the team aims to enhance wealth management services using Ameriprise's advanced technology. Marcontell emphasizes maintaining strong client relationships and expanding service efficiency. Ameriprise has attracted approximately 1,600 advisors in five years, reinforcing its reputation as a preferred choice for experienced financial professionals.
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The Coastal Group, a wealth management practice managing $165 million in client assets, has transitioned to Ameriprise Financial (NYSE: AMP) from RBC Capital Markets. Founded by Marilyn Neckes, the team aims to leverage Ameriprise’s financial planning platform and coaching resources for growth. Neckes, with 38 years of experience, emphasizes commitment to client care, while advisor Scott Zingone highlights the need for advanced tools to facilitate client service. Ameriprise has attracted around 1,600 advisors in the last five years, indicating its growing appeal in the financial advisory sector.
Tri-Continental Corporation (NYSE: TY) held its 92nd Annual Meeting of Stockholders in Minneapolis, Minnesota. Stockholders elected Directors Douglas A. Hacker and Daniel J. Beckman, and re-elected Minor M. Shaw and Sandra L. Yeager, all serving until the 2025 Annual Meeting. Additionally, they ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2022. The Corporation is managed by Columbia Management Investment Advisers, LLC, and potential investors are urged to review the investment objectives, risks, and expenses associated with the Corporation.
Columbia Seligman Premium Technology Growth Fund (NYSE: STK) conducted its 12th Annual Meeting of Stockholders in Minneapolis, where stockholders voted positively on all proposals. Directors Douglas A. Hacker and Daniel J. Beckman were elected, with Minor M. Shaw and Sandra L. Yeager re-elected, all serving until the 2025 Annual Meeting. Additionally, stockholders ratified PricewaterhouseCoopers LLP as the independent public accounting firm for 2022. Investors are reminded to review the Fund's investment objectives, risks, and expenses carefully before investing.
Ameriprise Financial announced a donation of
Tri-Continental Corporation (NYSE: TY) announced a second quarter ordinary income distribution of
AM Best has assigned a Long-Term Issue Credit Rating of a- (Excellent) to Ameriprise Financial's $500 million, 4.5% senior unsecured notes due May 13, 2032. The outlook is stable, with no changes to other ratings. Proceeds from the debt issuance will support general corporate purposes. Following this issuance, Ameriprise Financial’s adjusted financial leverage is projected to increase to 33%, remaining within rating guidelines. AM Best views the company's debt-servicing capabilities positively, noting strong liquidity and a favorable debt maturity structure.
Christine Gustafson, a Private Wealth Advisor, has joined Ameriprise Financial from UBS, bringing over $450 million in client assets. Operating in Phoenix, Gustafson's team focuses on customized wealth management for high-net-worth clients across the U.S. They value Ameriprise for its commitment to financial planning and advanced technology. With over 30 years of experience, Gustafson leads a five-person team dedicated to exceptional client service, aligning with Ameriprise’s values and vision for comprehensive financial planning, emphasizing personalized portfolio management.