Ameriprise Finl Inc Stock Price, News & Analysis

Ellie Tobin Stubbs has joined Ameriprise Financial’s independent channel from TIAA-CREF, bringing with her $64 million in client assets. Stubbs chose Ameriprise for its comprehensive financial advice focus and its strong support for socially responsible investing. She will collaborate with fellow advisor Denise Palmer, who manages $100 million in assets. This strategic move reflects Ameriprise’s appeal, with over 4,300 financial advisors joining since 2008, showcasing a commitment to empowering advisors and their clients.

Ameriprise Financial (NYSE: AMP) is launching the Associate Financial Advisor Business Development Program, aimed at training the next generation of financial advisors. With a significant portion of current advisors expected to retire soon, this initiative addresses the looming talent shortage. The six-month program enhances AFAs' skills in client acquisition and relationship management, which can lead to increased assets under management. The program's pilot yielded impressive results, with participants acquiring nearly double the clients and quadrupling their revenue compared to peers.

Ameriprise Financial (NYSE: AMP) has been awarded the J.D. Power certification for the second consecutive year, recognizing its exceptional customer service experience provided to financial advisors via phone. This certification is based on a thorough evaluation of advisor interactions and highlights Ameriprise's commitment to phone navigation and contact center excellence. Dawn Cooper, Executive Vice President, noted the importance of this achievement during challenging times, emphasizing the dedication of advisors and service teams to support clients in meeting their financial goals.

Ameriprise Financial (NYSE: AMP) unveiled the Ultimate Advisor Partnership, a new strategy aimed at enhancing growth for financial advisors. This initiative is built on seven key drivers that have historically enabled Ameriprise advisors to grow 2.5 times faster than competitors. Key features include integrated technology, comprehensive advice and solutions, and strong brand support. The offering emphasizes efficiency, client satisfaction, and operational support, positioning Ameriprise as a leader in the financial advisory space.

Financial advisor Mitchell Rock has joined Ameriprise Financial (NYSE: AMP) from Wells Fargo in New York City, significantly increasing his managed assets to over $250 million within his first month. Rock attributes this achievement to Ameriprise’s supportive transition team, advanced technology, and strong culture of service. With a focus on sophisticated wealth management, he plans to leverage deep client relationships to foster continued growth. Over 4,300 advisors have joined Ameriprise since 2008, reflecting the firm's strong appeal to experienced professionals.

The Board of Directors of Ameriprise Financial has declared a quarterly cash dividend of $1.04 per common share. This dividend is payable on February 26, 2021 to shareholders of record as of February 12, 2021. This marks a continued commitment to providing returns to shareholders while supporting the company's extensive advisory and asset management capabilities.

Ameriprise Financial reported a strong Q4 2020, achieving adjusted operating earnings per diluted share of $4.53, up 8% year-over-year despite challenges from low interest rates. Total assets under management reached a record $1.1 trillion, buoyed by nearly $15 billion in net inflows. The firm returned $502 million to shareholders, totaling $1.8 billion for the year. However, GAAP net income per diluted share fell to $1.43, down 59% from the previous year, impacted by market changes.

Ameriprise Financial (NYSE: AMP) launched a new ad campaign titled “Even Professionals Need a Professional,” showcasing how its financial advisors assist clients in managing finances and achieving goals. The campaign includes two TV spots, “Advisor” and “Architect,” emphasizing the strong client-advisor relationships. Senior VP Marie O’Neill highlighted a growing recognition among professionals of the need for financial advice post-pandemic. The campaign will air on major news networks and digital platforms, reinforcing Ameriprise's commitment to personalized financial guidance.

Ameriprise Financial (NYSE: AMP) has welcomed three new advisor practices, enhancing its Ameriprise Advisor Group with an additional $379 million in client assets. David Moss and Jay Campbell joined from Merrill Lynch, bringing $190 million, while Larry Padron transferred from Stifel with $121 million, and Troy Malbon came from UBS, adding $68 million. The advisors cited Ameriprise's technology and commitment to client service as key factors in their decision to move, contributing to a larger trend of experienced advisors seeking better support and resources.