Ameriprise Finl Inc Stock Price, News & Analysis

Ameriprise Financial (NYSE: AMP) has announced its Board of Directors has declared a quarterly cash dividend of $1.48 per common share. The dividend will be payable on February 28, 2025, to shareholders of record as of February 10, 2025.

The company, which has been operating for 130 years, provides investment advice, global asset management capabilities, and insurance solutions through a network of more than 10,000 financial advisors. Ameriprise serves both individual and institutional investors with their financial needs.

Ameriprise Financial (NYSE: AMP) reported strong Q4 and full-year 2024 results. Q4 adjusted operating earnings per share increased 23% to $9.54, while full-year adjusted operating EPS grew 17% to $35.79. Assets under management, administration, and advisement reached $1.5 trillion, up 10% with client net inflows of $35 billion.

The company demonstrated robust financial performance with adjusted operating net revenues increasing 13%, achieving a pretax adjusted operating margin of 27% and adjusted operating return on equity of 53%. Ameriprise returned $768 million to shareholders in Q4 and $2.8 billion for the full year.

In the Advice & Wealth Management segment, total client assets grew 14% to $1.0 trillion, with client flows of $11.3 billion. Wrap assets increased 18% to $574 billion, with net inflows of $11.1 billion. The Asset Management segment saw adjusted operating net revenues grow 10% to $930 million, with pretax adjusted operating earnings increasing 29% to $251 million.

Ameriprise Financial (NYSE: AMP) has launched two new television advertisements expanding its Advice Worth Talking About® brand platform. The campaign features 30-second and 15-second spots highlighting how Ameriprise advisors help clients achieve personal and financial milestones.

The first ad, 'Achieve so much more', focuses on clients reaching significant life goals like raising children, building businesses, and transitioning to retirement. The second ad, 'Count on so much more', emphasizes how clients support their communities while relying on Ameriprise's guidance.

The campaign will air across major networks including CBS, NBC, ABC, CNBC, and Fox Business. It includes a digital component spanning social media and news sites, with customizable content for Ameriprise financial advisors to use locally. The creative was developed by Invisible Man, with MayoSeitz handling media buying.

Ameriprise Financial (NYSE: AMP) announced that 427 of its financial advisor teams have been named to the Forbes Best-in-State Wealth Management Teams list. The recognition is based on various factors including practice quality, business success, and community involvement. The rankings were determined through analysis of qualitative and quantitative data from thousands of advisor teams nationwide.

Both Bill Williams, Executive VP and President of Ameriprise Independent Advisors channel, and Pat O'Connell, Executive VP and President of Ameriprise Advisor & Financial Institutions Groups, praised the recognized teams for their commitment to client service and dedication to delivering excellent financial advice.

Ameriprise Financial (NYSE: AMP) has scheduled its fourth quarter 2024 financial results announcement for Wednesday, January 29, 2025, after the NYSE market close. The company will hold a conference call to discuss these results on Thursday, January 30, 2025, at 9:00 a.m. ET.

The live audio conference call, presentation slides, and audio replay will be accessible through the company's Investor Relations website at ir.ameriprise.com. Ameriprise operates with a network of over 10,000 financial advisors and provides investment advice, global asset management capabilities, and insurance solutions to individual and institutional investors.

Ameriprise Financial (NYSE: AMP) has achieved recognition from Forbes as one of 'America's Best Companies' for 2025, securing a position among the top 300 U.S. public companies. The prestigious ranking evaluates companies based on multiple criteria, including customer and employee satisfaction, financial strength, workplace stability, positive media coverage, and public trust.

The selection process involved analyzing over 2,000 U.S.-based companies across various industries, examining 60 metrics in 11 different categories. Companies were evaluated through a weighted average process to determine overall scores, both against the complete company list and within industry groups.

Executive Vice President of Human Resources, Kelli Hunter Petruzillo, highlighted Ameriprise's 130-year legacy of helping clients achieve financial confidence through consistent growth strategies and fostering a culture of care, emphasizing their commitment to providing exceptional experiences for clients, employees, and advisors.

Ameriprise Financial (NYSE: AMP) has welcomed veteran financial advisor Ben Fogarty to its branch channel, bringing nearly $140 million in assets from LPL Financial. With 25 years of industry experience, Fogarty, based in Omaha, Nebraska, chose Ameriprise for its advanced technology platform, seamless online client experience, and supportive culture.

Fogarty is accompanied by registered client service associate Karla O'Fallon, with local support from Ameriprise Complex Director Christopher Knust. The move aims to enhance client service, particularly in comprehensive financial planning for retirement-focused clients. Ameriprise has demonstrated strong recruitment success, attracting approximately 1,700 experienced financial advisors in the past 5 years.

Ameriprise Financial (NYSE: AMP) has appointed Brian Mora as Senior Vice President of Experienced Advisor Recruiting. With over 20 years at Ameriprise, Mora will lead a nationwide team focused on recruiting experienced advisors to the firm. He will report to Pat O'Connell, President and Executive VP of the Ameriprise Branch & Institutions Groups.

Mora previously served as regional vice president in the central region of the firm's branch channel. He holds various professional designations including CFP, CRPC, and AWMA, along with a BS in Finance and Management from Montclair State University.

The company has demonstrated strong recruiting success, attracting over 400 advisors in 2023 and approximately 1,700 advisors in the past 5 years.

Ameriprise Financial (NYSE: AMP) has achieved two significant J.D. Power certifications for exceptional customer phone service. The company received its first-ever 'Outstanding Customer Service Experience' certification for client service and its sixth consecutive certification for advisor service.

The recognition came after Ameriprise's call centers exceeded benchmarks in the J.D. Power Certified Customer Service Program℠, which evaluates customer satisfaction based on representative courtesy, promptness, resolution timeliness, and knowledge. Ameriprise is among a select group of companies across industries to receive these certifications, with their advisor service team being consistently recognized from 2019 through 2024.