Ameriprise Finl Inc Stock Price, News & Analysis

Ameriprise Financial, Inc. (NYSE: AMP) announced that Dr. Marvin Appel sold his Registered Investment Advisor (RIA), Signalert Asset Management, managing $265 million in assets, to the Long Island division of Siena Wealth Advisory Group. This move is part of Appel's retirement transition, allowing him to serve clients for one year to ensure a smooth handover. Siena Wealth, which manages $1.3 billion in assets, aims to enhance client service and expand its advisory team. Ameriprise has facilitated over 275 advisor transitions since 2016, emphasizing its commitment to succession planning.

The Board of Directors at Ameriprise Financial (NYSE: AMP) has announced an 11% increase in the quarterly cash dividend, raising it from $1.13 to $1.25 per share. This dividend is payable on May 20, 2022, to shareholders of record as of May 9, 2022. This decision underscores the company’s commitment to returning value to its investors while showcasing its financial strength and stability.

Ameriprise Financial reported Q1 2022 results with GAAP net income of $761 million and an adjusted operating EPS of $5.98, up 10% year-over-year. The company announced an 11% dividend increase to $1.25, marking its 18th increase since going public. Assets under management rose 17% to $1.3 trillion, with net inflows exceeding $10 billion in Wealth Management. However, the Retirement & Protection Solutions segment showed a 25% sales decline. The overall adjusted operating earnings increased by 5% to $695 million, reflecting strong performance despite market volatility.

Ameriprise Financial announced that 405 of its financial advisors have been named to the Forbes Best-in-State Financial Advisors list. This recognition highlights the advisors' commitment to high ethical standards, professionalism, and business success. The rankings are based on extensive data from top advisors across the United States. Ameriprise emphasizes the support and technology provided to its advisors, enabling them to deliver exceptional client experiences and achieve notable business growth.

Ameriprise Financial, Inc. (NYSE: AMP) announces the addition of three seasoned advisors to Springs Wealth Group, collectively managing $546 million in client assets. Formerly with Securian Financial Services, Robert Book and Timothy Mason managed $447 million while Bryan Ladrow managed $99 million. Springs Wealth Group aims to enhance client experiences using Ameriprise’s resources and technology, with plans for continued growth across five locations in Colorado and Texas.

Ameriprise Financial (NYSE: AMP) is set to announce its first quarter financial results on April 25, 2022, after the market closes. A conference call for discussion of these results will occur on April 26, 2022, at 9:00 a.m. (ET). Additionally, the company will conduct its annual shareholders' meeting on April 27, 2022, accessible via live webcast. Shareholders as of February 28, 2022, can participate in voting. Webcast details, including audio replays, will be available on Ameriprise's Investor Relations website.

Ireen Sommer, a financial advisor, has joined Ameriprise Financial (NYSE: AMP) from Wells Fargo Advisors, bringing nearly $100 million in client assets. She was attracted to Ameriprise's emphasis on client service, innovative technology, and supportive culture. Over the last five years, Ameriprise has welcomed approximately 1,600 experienced advisors. Sommer's client base, which includes retirees and business owners, aligns with the company's values and culture, ensuring a smooth transition and client satisfaction.

American National Bank of Texas (ANBTX) has transitioned its investment program to Ameriprise Financial (NYSE: AMP) from LPL Financial, bringing with it a team of six financial advisors managing over $483 million in assets. The revamped program, now called ANBTX Investment Services, aims to enhance client experience with expanded capabilities and technology. ANBTX clients will gain access to personalized advice, robust investment products, and improved digital solutions. This partnership aligns with ANBTX's commitment to client-centric service since its founding in 1875.