Ameriprise Finl Inc Stock Price, News & Analysis

Ameriprise Financial reported strong Q3 2021 earnings, with GAAP net income per diluted share of $8.65, a significant recovery from a loss of $1.14 a year prior. Adjusted operating earnings increased 38% to $5.91 per share, driven by robust client inflows of $14 billion and a 21% rise in assets under management, totaling $1.2 trillion. The company returned $666 million to shareholders, representing 95% of adjusted operating earnings. Notably, the adjusted operating return on equity reached 47.9%, showcasing strong profitability across its wealth and asset management sectors.

Ameriprise Financial has welcomed the Christensen Wealth Advisory Group to its branch channel, managing over $250 million in client assets. The transition from Wells Fargo occurred after a two-year evaluation process, with the team citing Ameriprise's superior financial planning and management capabilities. Within the first month, they successfully retained most of their clients and gained new ones, showcasing strong client loyalty and satisfaction. The team values Ameriprise's extensive resources, solid values, and brand recognition.

Ameriprise Financial announces the addition of financial advisor Reid Evans, who joins from Raymond James with $120 million in client assets. Evans has partnered with The McCulla Group, led by Matthew McCulla, to enhance client service and operational efficiency. Ameriprise has attracted around 1,700 experienced advisors in the last five years, reflecting its commitment to independent advisory growth. The firm offers advanced technology and a diverse product suite for optimal client service.

Ameriprise Financial (NYSE: AMP) will announce its third quarter financial results on October 26, 2021, after the market closes. A conference call to discuss these results is set for October 27, 2021, at 9:00 a.m. ET. Investors can access live audio, presentation slides, and replays on the Ameriprise Financial Investor Relations website.

With over 125 years in the financial sector, Ameriprise serves both individual and institutional investors through a network of approximately 10,000 financial advisors.

Ameriprise Financial (NYSE: AMP) has been ranked as the '#1 Most Trusted Wealth Manager' by Investor’s Business Daily in a recent survey involving over 6,000 consumers. The firm also secured a spot among the top 10 on IBD's '25 Most Trusted Financial Companies' list. Key trust attributes evaluated included data privacy, product quality, ethical practices, pricing fairness, and customer treatment. The rankings reflect Ameriprise's commitment to building meaningful relationships with clients and its long-standing support in achieving their financial goals.

Ameriprise Financial Inc. (NYSE: AMP) announced that 34 of its financial advisors were recognized in Forbes' "Top Next-Gen Wealth Advisors" list for 2021. This annual list honors advisors under 40 who excel in business success, compliance, and ethical standards. Notable executives congratulated the advisors, emphasizing Ameriprise's supportive environment for career growth. The full list can be found on Forbes' website. Ameriprise Financial has over 125 years of experience in financial services and a network of approximately 10,000 advisors.

Ameriprise Financial (NYSE: AMP) announced that 11 of its financial advisors were recognized in Barron’s “Top Independent Advisors” list for 2021. This annual list identifies the top 100 independent advisors in the U.S. based on business success, compliance records, assets under management, and ethical standards. Bill Williams, Executive VP of the independent advisor channel, praised the advisors' continuous commitment to client success. The full list of recognized advisors includes notable names like Dane Burkholder and Susan Kim.

Columbia Threadneedle Investments has launched the Columbia Short Duration Bond ETF (NYSE Arca: SBND), expanding its fixed income ETF offerings. This ETF focuses on generating income across four debt market segments, including U.S. investment-grade corporates and high yield, while minimizing credit risk. SBND utilizes a rules-based investment approach to maintain income without sacrificing yield despite lower duration. The fund is managed by a team of experienced portfolio managers and is competitively priced at 25 basis points.