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 (NYSE: AMP) is set to announce its second quarter financial results on July 26, 2022, after the market closes. A conference call to discuss these results will be held on July 27, 2022, at 9:00 a.m. ET. Investors can access live audio of the call, presentation slides, and an audio replay via the Ameriprise Financial Investor Relations website. With over 125 years of experience and a network of more than 10,000 financial advisors, Ameriprise continues to provide comprehensive financial services.
Virginia Credit Union (VACU) has partnered with Ameriprise Financial (NYSE: AMP), transitioning its investment program to enhance offerings for over 300,000 members. This collaboration introduces the VACU Investment Group (VACUIG), led by five financial advisors managing $335 million in assets. The partnership aims to provide personalized financial plans, robust investment solutions, and advanced digital capabilities, improving member experience amid market volatility. VACUIG is dedicated to helping clients achieve their financial goals through innovative advisory services.
Ameriprise Financial (NYSE: AMP) welcomes top-ranked financial advisor Jennifer Marcontell and her team, Marcontell Wealth Management, who have transitioned from Edward Jones. Managing $1.7 billion in assets, the team aims to enhance wealth management services using Ameriprise's advanced technology. Marcontell emphasizes maintaining strong client relationships and expanding service efficiency. Ameriprise has attracted approximately 1,600 advisors in five years, reinforcing its reputation as a preferred choice for experienced financial professionals.
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The Coastal Group, a wealth management practice managing $165 million in client assets, has transitioned to Ameriprise Financial (NYSE: AMP) from RBC Capital Markets. Founded by Marilyn Neckes, the team aims to leverage Ameriprise’s financial planning platform and coaching resources for growth. Neckes, with 38 years of experience, emphasizes commitment to client care, while advisor Scott Zingone highlights the need for advanced tools to facilitate client service. Ameriprise has attracted around 1,600 advisors in the last five years, indicating its growing appeal in the financial advisory sector.
Tri-Continental Corporation (NYSE: TY) held its 92nd Annual Meeting of Stockholders in Minneapolis, Minnesota. Stockholders elected Directors Douglas A. Hacker and Daniel J. Beckman, and re-elected Minor M. Shaw and Sandra L. Yeager, all serving until the 2025 Annual Meeting. Additionally, they ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2022. The Corporation is managed by Columbia Management Investment Advisers, LLC, and potential investors are urged to review the investment objectives, risks, and expenses associated with the Corporation.
Columbia Seligman Premium Technology Growth Fund (NYSE: STK) conducted its 12th Annual Meeting of Stockholders in Minneapolis, where stockholders voted positively on all proposals. Directors Douglas A. Hacker and Daniel J. Beckman were elected, with Minor M. Shaw and Sandra L. Yeager re-elected, all serving until the 2025 Annual Meeting. Additionally, stockholders ratified PricewaterhouseCoopers LLP as the independent public accounting firm for 2022. Investors are reminded to review the Fund's investment objectives, risks, and expenses carefully before investing.
Ameriprise Financial announced a donation of $2 million in grants to support communities in need, through its National Days of Service initiative. Employees, advisors, and clients will volunteer to combat hunger, addressing the needs of 38 million Americans, including 12 million children. The funding will be distributed to 105 nonprofits, with a notable $250,000 dedicated to Feeding America. Challenges including rising food costs and volunteer shortages further highlight the urgency of this support.
Tri-Continental Corporation (NYSE: TY) announced a second quarter ordinary income distribution of $0.2782 per share for Common Stock and $0.6250 for Preferred Stock, along with a capital gain distribution of $0.5289 per common share. Distributions will be paid on June 22, 2022, with an ex-dividend date of June 10, 2022. The company has consistently paid dividends for 78 years. The investment manager is Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP).
AM Best has assigned a Long-Term Issue Credit Rating of a- (Excellent) to Ameriprise Financial's $500 million, 4.5% senior unsecured notes due May 13, 2032. The outlook is stable, with no changes to other ratings. Proceeds from the debt issuance will support general corporate purposes. Following this issuance, Ameriprise Financial’s adjusted financial leverage is projected to increase to 33%, remaining within rating guidelines. AM Best views the company's debt-servicing capabilities positively, noting strong liquidity and a favorable debt maturity structure.