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. (NYSE: AMP) regularly issues news and updates that reflect its role in the investment advice, asset management and insurance sectors. Company releases cover topics such as quarterly earnings results, dividends declared by the board of directors, board appointments and developments across its advisor network and business segments.
Investors following Ameriprise news can expect detailed announcements around quarterly and annual financial performance, including metrics for Advice & Wealth Management, Asset Management and Retirement & Protection Solutions. The firm uses press releases to summarize earnings, assets under management and advisement, client asset flows and segment-level trends, as well as to provide commentary from senior leadership on strategy and performance.
Ameriprise also highlights advisor recruiting and practice growth in its news flow. Recent announcements describe experienced advisor teams and practices joining Ameriprise from other firms, including teams in the branch channel, independent channel and the Ameriprise Financial Institutions Group. These stories often emphasize reasons for joining Ameriprise, such as financial planning capabilities, technology platforms, service support and the Ultimate Advisor Partnership framework.
In addition, Ameriprise news may reference activities within its Columbia Threadneedle asset management business, including the management of closed-end funds like Tri-Continental Corporation through Columbia Management Investment Advisers, LLC. Board and governance updates, such as the appointment of new directors, are also disclosed through current reports and related press releases.
For users tracking AMP, the news stream provides insight into how Ameriprise describes its client focus, advisor network, capital return practices and segment performance over time. Regularly reviewing these items can help readers understand the company’s priorities, risk disclosures and the evolution of its advisory and asset management franchises.
Penn Wealth Planning has transitioned to the independent channel of Ameriprise Financial (NYSE: AMP), managing over $670 million in client assets. The team, led by CEO Lisa Policare, chose Ameriprise for its financial planning commitment, advanced technology, and leadership support. This partnership aims to enhance client service amid ongoing economic uncertainty. Ameriprise has attracted approximately 1,700 financial advisors in the past five years, indicating its growth and stability in the financial services sector.
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The Board of Directors of Ameriprise Financial has approved an additional $3 billion share repurchase program, effective until March 31, 2024. As of January 25, 2022, approximately $352 million remains from the prior authorization. Share repurchases will be funded through working capital and future earnings, with flexibility in timing and method. Additionally, a quarterly cash dividend of $1.13 per share was declared, payable on February 28, 2022.
Ameriprise Financial reported a record fourth quarter with adjusted operating earnings per diluted share reaching $6.15, a 36% rise year-over-year. Full-year adjusted operating earnings increased 35% to $22.75. The company achieved over $40 billion in client net inflows, bolstered by the acquisition of BMO EMEA, adding $136 billion in assets. GAAP net income per diluted share soared to $5.96, representing an 89% increase. Total assets under management reached a record $1.4 trillion. The company returned $630 million to shareholders in the quarter, totaling $2.4 billion for the year, and announced a $3 billion share repurchase program.
Ameriprise Financial (NYSE: AMP) has launched a new advertising campaign titled “Advice Worth Talking About”, emphasizing its focus on exceptional client satisfaction and personalized financial advice. The campaign, which includes live action and animated TV spots, showcases clients' positive experiences and high satisfaction ratings—4.9 out of 5—and highlights that 9 out of 10 clients are likely to recommend Ameriprise. This initiative aims to strengthen brand recognition and promote the value of its advisory services.
Columbia Threadneedle Investments has selected three fintech start-ups for its 2022 MassChallenge FinTech accelerator program. These firms are Util, OnCorps, and Datia, focusing on technologies for sustainability, automation, and ESG data reporting. Jay Leopold, head of North America Investment Risk, emphasized the importance of data in responsible investment practices. With over 25 start-ups accepted this year, Columbia Threadneedle continues to innovate in asset management, having previously collaborated successfully with fintechs since 2019.
InvestCloud has partnered with Ameriprise Financial (NYSE: AMP) to enhance its Pink platform, providing personalized financial advice to users. Pink is designed for corporate financial wellness and life planning, allowing employees to receive tailored solutions from Ameriprise advisors. This collaboration addresses increased financial stress among employees, with research indicating 63% report heightened stress since the pandemic. The initiative aims to improve employee financial confidence and support by combining InvestCloud's technology with Ameriprise's advisory expertise.
Ameriprise Financial (NYSE: AMP) conducted a survey revealing that 90% of recently joined advisors report enhanced client-facing technology and financial planning capabilities compared to their previous firms. The Ultimate Advisor Partnership survey, involving nearly 300 advisors, highlighted that 91% feel Ameriprise elevates the client experience, while 95% commend its support for deeper client relationships. Since becoming public in 2005, Ameriprise has invested over $5 billion to improve advisor tools and client services, demonstrating a strong commitment to advisor satisfaction and client service excellence.
Ameriprise Financial (NYSE: AMP) will announce its fourth-quarter financial results on January 26, 2022, after the NYSE closes. A conference call to discuss these results is scheduled for January 27, 2022, at approximately 9:00 a.m. (ET). Investors can access live audio, presentation slides, and an audio replay on the Ameriprise Investor Relations website.
With over 125 years in the financial services industry and a network of more than 10,000 financial advisors, Ameriprise is equipped to meet diverse individual and institutional investment needs.