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 reported Q3 2022 earnings with a GAAP net income of $548 million, down 47% year-over-year, reflecting previous gains from fixed annuity transactions. Adjusted operating earnings per diluted share were $6.43, up 9%, driven by Wealth Management growth despite market depreciation. Total client net flows reached $11.2 billion, while assets under management fell to $1.1 trillion, down 9%. The company returned $632 million to shareholders and is on track to return 90% of adjusted operating earnings. Strong cash flow and bank growth were noted as key strengths for future profitability.
Ameriprise Financial (NYSE: AMP) has announced the addition of two financial advisors, Chad Villagomez and John DeMarco, who bring a combined $375 million in client assets. Villagomez, based in Wayzata, Minnesota, and DeMarco from Orland Park, Illinois, both transitioned from Wells Fargo. They chose Ameriprise for its flexibility and resources to enhance client service. Villagomez, along with his practice associate Greg Siers, manages $241 million, while DeMarco manages $134 million. This move highlights Ameriprise's continuing appeal to experienced advisors, with approximately 1,600 joining in the past five years.
Mazuma Credit Union has transitioned its wealth management program to Ameriprise Financial (NYSE: AMP) after a thorough search for a broker-dealer. With nearly $900 million in assets, Mazuma serves over 71,000 members in Missouri and Kansas. The partnership will allow members to access personalized financial advice, robust investment products, and digital capabilities through experienced financial advisors. This collaboration aims to enhance wealth management services, ensuring clients receive expert support tailored to their needs.
Ameriprise Financial (NYSE: AMP) will announce its third quarter financial results on October 25, 2022, following the close of the New York Stock Exchange. A conference call to discuss these results is scheduled for October 26, 2022, at 9:00 a.m. ET. Interested parties can access the live audio of the call and presentation slides on the Ameriprise Financial Investor Relations website. With over 125 years of experience, Ameriprise continues to provide comprehensive financial services to both individual and institutional investors.
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Financial advisor Cate Grinney has joined the independent channel of Ameriprise Financial (NYSE: AMP) from Edward Jones, bringing $331 million in client assets. Her move was driven by Ameriprise’s support for women advisors, strong financial planning expertise, and resources for practice growth. Grinney aims to build a team to enhance client service and continuity. She was recently recognized on Forbes’s list of top women wealth advisors. Ameriprise continues to attract experienced advisors, with approximately 1,600 joining in the last five years.
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Ameriprise Financial (NYSE: AMP) announced that nine of its financial advisors were named in Barron’s 'Top Independent Financial Advisors' list for 2022. This recognition highlights their compliance, assets managed, revenues generated, and quality of service. Bill Williams, EVP, emphasized the advisors' commitment to client relationships and tailored financial solutions. The full list can be accessed on Barron’s website. Ameriprise has over 125 years of experience, managing diverse investment needs through a network of about 10,000 advisors.
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Ameriprise Financial (NYSE: AMP) announced that six of its financial advisors were named to Forbes' '2022 Top 250 Wealth Advisors' list, highlighting their achievements based on revenue trends, assets under management, and industry experience. Bill Williams, EVP, praised the advisors for their dedication to client service. The recognition reflects the strength and capabilities of Ameriprise's advisory network, which consists of approximately 10,000 financial advisors. This accolade reinforces the firm's commitment to client success and financial advice excellence.