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. (NYSE: AMP) regularly issues news and updates that reflect its role in the investment advice, asset management and insurance sectors. Company releases cover topics such as quarterly earnings results, dividends declared by the board of directors, board appointments and developments across its advisor network and business segments.
Investors following Ameriprise news can expect detailed announcements around quarterly and annual financial performance, including metrics for Advice & Wealth Management, Asset Management and Retirement & Protection Solutions. The firm uses press releases to summarize earnings, assets under management and advisement, client asset flows and segment-level trends, as well as to provide commentary from senior leadership on strategy and performance.
Ameriprise also highlights advisor recruiting and practice growth in its news flow. Recent announcements describe experienced advisor teams and practices joining Ameriprise from other firms, including teams in the branch channel, independent channel and the Ameriprise Financial Institutions Group. These stories often emphasize reasons for joining Ameriprise, such as financial planning capabilities, technology platforms, service support and the Ultimate Advisor Partnership framework.
In addition, Ameriprise news may reference activities within its Columbia Threadneedle asset management business, including the management of closed-end funds like Tri-Continental Corporation through Columbia Management Investment Advisers, LLC. Board and governance updates, such as the appointment of new directors, are also disclosed through current reports and related press releases.
For users tracking AMP, the news stream provides insight into how Ameriprise describes its client focus, advisor network, capital return practices and segment performance over time. Regularly reviewing these items can help readers understand the company’s priorities, risk disclosures and the evolution of its advisory and asset management franchises.
Ameriprise Financial (NYSE: AMP) has announced the addition of two financial advisors, Marc Gendell and Chris Thompson, who together manage nearly $450 million in client assets. Gendell, from UBS, cited Ameriprise's strong social media marketing as a key factor in his decision, while Thompson, formerly of Wells Fargo, appreciated the firm's dedicated financial planning technology. Over the last five years, about 1,700 advisors have joined Ameriprise, emphasizing its growing appeal in the financial advisory industry.
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Ameriprise Financial (NYSE: AMP) has partnered with North Island Credit Union to enhance its investment solutions, managing $750 million in brokerage assets. The credit union, serving over 165,000 members in Southern California, has rebranded its investment group to North Island Credit Union Wealth Management. This partnership allows members to access personalized financial advice and a broad range of investment products through improved digital capabilities. Ameriprise aims to support the credit union's growth and member financial goals.
Amp's partnership with California Credit Union enhances its investment offerings. California Credit Union serves over 165,000 members and has transitioned its investment program to Ameriprise Financial Institutions Group, managing $750 million in assets. The credit union has rebranded its investment group as California Credit Union Wealth Management, providing personalized advice and improved digital services. This collaboration is expected to enhance member experience and financial planning capabilities.
Financial advisor Kim Latimer, CFP® has transitioned to Ameriprise Financial (NYSE: AMP) from Merrill Lynch, bringing $211 million in client assets. Latimer was drawn to Ameriprise for its supportive culture towards women and its extensive resources for clients. She conducted thorough due diligence, finding Ameriprise the best fit after evaluating nine firms. Latimer's focus is on high-net-worth clients, confident in Ameriprise's client-first approach and investment capabilities. Ameriprise continues to attract quality advisors, with around 1,700 joining in the last five years.
The Board of Directors of Ameriprise Financial has declared a quarterly cash dividend of $1.13 per common share. This dividend is payable on August 20, 2021, to shareholders of record as of August 9, 2021. With over 125 years of experience, Ameriprise Financial continues to empower investors through its extensive network of 10,000 financial advisors and robust asset management and insurance services.
Ameriprise Financial reported a strong second quarter with adjusted operating earnings per diluted share at $5.27, a 39% increase year-over-year. The company achieved a 22% rise in adjusted operating net revenue to $3.4 billion, driven by robust client flows, resulting in assets under management reaching a record $1.2 trillion. However, GAAP net income per diluted share was $4.88, down 28% compared to the previous year. Strategic acquisitions were announced, including the purchase of BMO’s EMEA asset management business, aimed at enhancing growth.
Columbia Threadneedle Investments has announced the transition of leadership within its equity division, appointing Melda Mergen as the new Global Head of Equities effective October 1, 2021. Mergen, who has been the Deputy Global Head since 2017, will succeed William Davies, who will transition to Global Chief Investment Officer in January 2022. Mergen has been with the firm since 1999, demonstrating a strong track record in investment performance and leadership, overseeing a global team managing over $311 billion in assets across various regions.
Ameriprise Financial (NYSE: AMP) is set to announce its second quarter financial results on July 26, 2021, following the market close. A conference call for shareholders and stakeholders will occur on July 27, 2021, at 9:00 a.m. (ET) to discuss these results. Interested parties can access live audio and presentation slides on the company's investor relations website. With over 125 years in operation and a network of around 10,000 financial advisors, Ameriprise continues to cater to a wide range of investor needs.
Ryan Thompson, MBA, CFP®, a financial advisor managing $110 million in client assets, has joined Ameriprise Financial (NYSE: AMP) from Morgan Stanley in Shreveport, Louisiana. Thompson sought an independent platform to enhance his practice and found Ameriprise’s offerings aligned with his goals. He praised the transition support provided by Ameriprise, citing a smooth integration process that allowed him to focus on client service. Over the past five years, Ameriprise has attracted approximately 1,700 experienced advisors, indicating its growing appeal in the financial advisory space.