Ameriprise Finl Inc Stock Price, News & Analysis

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.

Ameriprise Financial (NYSE: AMP) announced that two financial practices, managing a combined $370 million in client assets, have joined the firm. Larry Teichman from LPL Financial in Ohio and J Carrell from Morgan Stanley in Texas are now part of Kuttin Wealth Management, led by Hall of Fame advisor Jon Kuttin. Teichman and his team manage over $320 million in assets, while Carrell handles approximately $50 million. This move signifies Ameriprise's ongoing growth and appeal to experienced advisors.

Columbia Threadneedle Investments announced that Catherine Stienstra, Head of Municipal Bond Investments, has been recognized as one of the top women in asset management by Bonhill Group in its 2021 U.S. Women in Asset Management Awards. Stienstra, who manages nearly $17B in assets, was awarded in the bond manager category. The recognition highlights her leadership and expertise in municipal bonds. Columbia Threadneedle manages $593 billion in assets globally, providing a range of investment strategies.

Ameriprise Financial (NYSE: AMP) partners with Texas-based Third Coast Bank SSB to launch Third Coast Advisors, a new investment program. This collaboration aims to provide personalized financial advice and robust investment solutions to clients. Over two months, the program successfully recruited four financial advisors managing over $800 million in assets. The partnership highlights Ameriprise’s capabilities in delivering financial planning services, helping clients achieve their financial objectives through tailored advice and modern digital tools.

Ameriprise Financial announced that seven of its financial advisors made it to Forbes' list of 'America's Top Wealth Advisors' for 2021. The advisors were recognized based on various factors, including business success and compliance records. The honored advisors include Scott Tiras, Erin Scannell, George Papadoyannis, Jonathan Kuttin, Darrell Pennington, Adam Goldstein, and Randy Doroff. Bill Williams, Executive VP, commended their dedication to client goals. The full list can be accessed through Forbes' website.

Financial advisor Jason Williams has joined Ameriprise Financial (NYSE: AMP) from BB&T Securities, bringing nearly $200 million in client assets. His decision, motivated by a desire for independence and a client-centric approach, places him with The Myrias Group, led by private wealth advisor John Everson. Williams sought a firm that excelled in various financial services and found Ameriprise met his needs. The Myrias Group, established in 2015, manages $850 million in client assets and includes a team of 13 financial advisors and support staff.