Ameriprise Finl Inc Stock Price, News & Analysis

Ameriprise Financial has appointed Jay Hubbard as the new complex director, overseeing 70 advisors across five branch offices in the Greater Chicago area. Hubbard, who joins from Merrill Lynch, aims to enhance client experiences and drive growth within the firm. His extensive leadership background includes roles at Wells Fargo and Morgan Stanley. The firm celebrates its 125 years of commitment to financial advisory services, equipped with about 10,000 advisors and robust asset management capabilities.

Tri-Continental Corporation (NYSE: TY) announced a fourth quarter ordinary income distribution of $0.2996 per share of Common Stock and $0.6250 per share of Preferred Stock. Additionally, the Corporation declared a total capital gain distribution of $3.3110 per share of Common Stock, comprising short-term gains of $1.0304 and long-term gains of $2.2806. Distributions will be paid on December 23, 2021, for Common Stockholders of record as of December 15, 2021.

The Corporation has paid dividends for 77 consecutive years.

Ameriprise Financial, Inc. (NYSE: AMP) announced the addition of two practices managing $1.1 billion in assets, enhancing its client-first culture and growth potential. Advisors Richard Kersting and Vincent Gianatasio joined Kuttin Wealth Management, drawn by Ameriprise's comprehensive financial planning tools. Kersting’s team manages $950 million, while Gianatasio oversees $192 million in client assets. Kuttin Wealth aims for continued growth, having doubled its professionals in the last year and planning further expansion through acquisitions.

Ameriprise Financial, Inc. (NYSE: AMP) has finalized the acquisition of BMO Financial Group’s EMEA Asset Management business for £615 million (approximately $829 million). This all-cash deal adds about $131 billion in assets under management (AUM), elevating Ameriprise’s total AUM to over $1.3 trillion. The acquisition enhances Ameriprise's strategic footprint in EMEA, significantly bolstering Columbia Threadneedle's capabilities and market presence. It is also expected to improve growth in fee-based businesses while expanding investment solutions in key segments.

Ameriprise Financial (NYSE: AMP) is partnering with Feeding America to support families facing hunger this holiday season through its National Days of Service program. The company is mobilizing 2,500 employees, advisors, and clients to volunteer at local food banks, donating over $1.3 million in grants to 99 nonprofits focused on essential needs and community enrichment. These efforts aim to combat the lingering effects of the pandemic and assist those in need across the United States.