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 (AMP) delivers tailored wealth management solutions through its network of financial advisors and comprehensive asset management strategies. This page aggregates all official corporate announcements and market-relevant developments for investors tracking this NYSE-listed financial services leader.
Access timely updates, earnings reports, and strategic initiatives directly from the source. Our curated feed ensures you never miss regulatory filings, leadership changes, or service expansions that could impact investment decisions.
Key content includes quarterly financial results, mergers & acquisitions activity, dividend declarations, and corporate governance updates. All materials maintain strict factual accuracy while avoiding speculative analysis.
Bookmark this page for streamlined access to AMP's evolving market position. Combine these verified updates with your financial research to make informed decisions about this wealth management innovator.
Columbia Threadneedle Investments has announced the upcoming retirement of Colin Moore, the global chief investment officer, effective January 2022. William Davies, currently the EMEA CIO and global head of equities, will take over the role as part of the firm's succession planning. Moore has significantly shaped the firm's investment strategies, contributing to strong long-term performance, with 103 funds rated four or five stars by Morningstar. CEO Ted Truscott praised Moore's impact and expressed confidence in Davies’ leadership capabilities for future growth.
Ameriprise Financial (NYSE: AMP) announced a significant agreement involving its insurance subsidiaries, RiverSource Life and RiverSource Life of New York, to reinsure about $8.0 billion of annuity policies with Global Atlantic Financial Group. This transaction is projected to generate approximately $700 million in excess capital. The deal is part of Ameriprise's strategy to enhance shareholder value and will allow RiverSource Life to maintain the servicing of the policies. The transaction is expected to close in July 2021, pending regulatory approval.
Columbia Threadneedle Investments announced its sponsorship of the 12th annual Boston Triathlon, a significant community event promoting health and fitness. The triathlon will feature Olympic and sprint distances and is set to support Boston Medical Center as its official charity partner. With funds raised aiding BMC's mission of equitable healthcare, the event aims to foster community spirit after a challenging period. Columbia Threadneedle continues to demonstrate its commitment to Boston, managing $564 billion in assets globally under the Ameriprise Financial brand.
Ameriprise Financial (NYSE: AMP) has partnered with Randolph-Brooks Federal Credit Union (RBFCU) to enhance financial planning services for RBFCU's 950,000 members. RBFCU will transition its investment program to Ameriprise's platform by year-end, involving 14 financial advisors managing about $800 million in assets. The collaboration aims to deliver personalized financial advice, robust investment solutions, and integrated digital capabilities, addressing evolving client expectations and supporting RBFCU's growth. This agreement underscores Ameriprise's commitment to client-focused service and innovative technology.
Ameriprise Financial is launching several initiatives under its National Days of Service to help combat hunger in the U.S. Employees and advisors are encouraged to volunteer, host food drives, or perform acts of kindness, with up to eight hours of paid time off for volunteerism. The company has donated over $1.3 million in grants to 104 nonprofits, focusing on key areas like basic needs and community support. This comes as 42 million Americans face food insecurity, highlighting the urgent need for assistance in local communities.
Ameriprise Financial (NYSE: AMP) has applied to convert Ameriprise Bank, FSB into a state-chartered industrial bank, regulated by the Utah Department of Financial Institutions and the FDIC. Additionally, the personal trust services business will transition to a limited purpose national trust bank regulated by the OCC. These changes support the company's growth strategy and allow it to continue providing banking solutions such as deposits and mortgages to wealth management clients without interruption. The conversion aims to enhance the alignment of capital frameworks across its businesses.
Lionheart Wealth Management has transitioned to the independent channel of Ameriprise Financial (AMP) from AXA Advisors, managing nearly $200 million in assets. Led by Anthony DeAngelo, the team emphasized Ameriprise's digital capabilities and comprehensive product offerings as key factors in their decision. The integration of Ameriprise's technology aims to enhance client engagement and streamline operations, supporting Lionheart's growth strategy. The firm was founded in 2017, catering primarily to executives from major companies.
FAQ
What is the current stock price of Ameriprise Finl (AMP)?
What is the market cap of Ameriprise Finl (AMP)?
