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. 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.
Tri-Continental Corporation (NYSE: TY) announced an ordinary income distribution of $0.2700 for Common Stock and $0.6250 for Preferred Stock. Payments will be made on March 24, 2022 and April 1, 2022, respectively. With 78 consecutive years of dividend payments, these distributions are derived from earnings and profits, with no return of capital. The Corporation's investment manager is Ameriprise Financial, Inc. (AMP), associated with Columbia Management Investment Advisers, LLC (MVLCX).
Ameriprise Financial Inc. (NYSE: AMP) announced that 95 of its financial advisors were recognized in Forbes’ “Top Best in State Women Wealth Advisors” list. This accolade highlights the advisors' ethical standards, professionalism, and client retention. Pat O’Connell, Executive VP, expressed pride in the strong representation of talented women advisors. Ameriprise is dedicated to supporting women in finance through initiatives like the Women’s Empowerment Network and Women Advisor Summits, fostering mentorship and professional growth.
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.