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.
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.
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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.
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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.
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