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.
Christine Gustafson, a Private Wealth Advisor, has joined Ameriprise Financial from UBS, bringing over $450 million in client assets. Operating in Phoenix, Gustafson's team focuses on customized wealth management for high-net-worth clients across the U.S. They value Ameriprise for its commitment to financial planning and advanced technology. With over 30 years of experience, Gustafson leads a five-person team dedicated to exceptional client service, aligning with Ameriprise’s values and vision for comprehensive financial planning, emphasizing personalized portfolio management.
Columbia Seligman Premium Technology Growth Fund (NYSE: STK) has declared a second-quarter distribution of $0.4625 per share, yielding 2.3125% quarterly (9.25% annualized) based on its $20.00 IPO price. As of April 30, 2022, this distribution amounts to 1.6401% (6.56% annualized) of its market price of $28.20. Payment is scheduled for May 24, 2022, with an ex-dividend date of May 13, 2022. The distribution comprises 100% net realized long-term capital gains. Since its inception, the Fund has had an average annual return of 14.60%
Columbia Threadneedle Investments has announced its seventh consecutive year as the title sponsor of the Boston Triathlon, taking place on July 23-24, 2022. As a premier global asset manager, Columbia Threadneedle aims to foster community engagement through the event, which includes various triathlon competitions for all ages. The firm is also partnering with Boston Medical Center as the official charity, focusing on initiatives to address health equity. Columbia Threadneedle manages $699 billion in assets across different markets.
Ameriprise Financial has appointed Dawn Wolfgram as Field Vice President, overseeing 385 independent advisors in Indiana and Illinois managing $31.5 billion in client assets. With over 30 years in wealth management, Wolfgram emphasizes the firm's commitment to advisor growth and support for women in finance. Her predecessor, Trish Moll, now leads the Mid-America region. Ameriprise has over 10,000 advisors, providing comprehensive financial services for over 125 years.
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Ameriprise Financial, Inc. (NYSE: AMP) announced that Dr. Marvin Appel sold his Registered Investment Advisor (RIA), Signalert Asset Management, managing $265 million in assets, to the Long Island division of Siena Wealth Advisory Group. This move is part of Appel's retirement transition, allowing him to serve clients for one year to ensure a smooth handover. Siena Wealth, which manages $1.3 billion in assets, aims to enhance client service and expand its advisory team. Ameriprise has facilitated over 275 advisor transitions since 2016, emphasizing its commitment to succession planning.
The Board of Directors at Ameriprise Financial (NYSE: AMP) has announced an 11% increase in the quarterly cash dividend, raising it from $1.13 to $1.25 per share. This dividend is payable on May 20, 2022, to shareholders of record as of May 9, 2022. This decision underscores the company’s commitment to returning value to its investors while showcasing its financial strength and stability.
Ameriprise Financial reported Q1 2022 results with GAAP net income of $761 million and an adjusted operating EPS of $5.98, up 10% year-over-year. The company announced an 11% dividend increase to $1.25, marking its 18th increase since going public. Assets under management rose 17% to $1.3 trillion, with net inflows exceeding $10 billion in Wealth Management. However, the Retirement & Protection Solutions segment showed a 25% sales decline. The overall adjusted operating earnings increased by 5% to $695 million, reflecting strong performance despite market volatility.
Ameriprise Financial announced that 405 of its financial advisors have been named to the Forbes Best-in-State Financial Advisors list. This recognition highlights the advisors' commitment to high ethical standards, professionalism, and business success. The rankings are based on extensive data from top advisors across the United States. Ameriprise emphasizes the support and technology provided to its advisors, enabling them to deliver exceptional client experiences and achieve notable business growth.
Ameriprise Financial, Inc. (NYSE: AMP) announces the addition of three seasoned advisors to Springs Wealth Group, collectively managing $546 million in client assets. Formerly with Securian Financial Services, Robert Book and Timothy Mason managed $447 million while Bryan Ladrow managed $99 million. Springs Wealth Group aims to enhance client experiences using Ameriprise’s resources and technology, with plans for continued growth across five locations in Colorado and Texas.