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.
Ameriprise Financial (NYSE: AMP) is partnering with Feeding America to support families facing hunger this holiday season through its National Days of Service program. The company is mobilizing 2,500 employees, advisors, and clients to volunteer at local food banks, donating over $1.3 million in grants to 99 nonprofits focused on essential needs and community enrichment. These efforts aim to combat the lingering effects of the pandemic and assist those in need across the United States.
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AM Best has affirmed the Financial Strength Rating (FSR) of A+ and Long-Term Issuer Credit Ratings (ICR) of “aa-” for RiverSource Life Insurance Company and its subsidiary, RiverSource Life Insurance Co. of New York, both part of Ameriprise Financial (NYSE: AMP). Concurrently, AM Best affirmed an FSR of A and an ICR of “a+” for Ameriprise Captive Insurance Company. The outlook for these ratings is stable. These ratings reflect Ameriprise's strong balance sheet, operating performance, and risk management practices, alongside favorable results in asset management and wealth management segments.
Ameriprise Financial announced that 37 of its financial advisors earned a spot on Working Mother Magazine's 2021 list of the "Top Wealth Advisor Moms." This recognition highlights their success in wealth management while balancing family responsibilities. Advisors are evaluated based on assets under management, revenue, experience, client retention, and compliance records. Deirdre McGraw praised these women for being role models in the industry. Additionally, Ameriprise remains committed to fostering a diverse workforce through initiatives like Women’s Advisor Summits.
The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced a quarterly cash dividend of $1.13 per common share. This dividend is payable on November 19, 2021, to shareholders on record as of the close of business on November 8, 2021.
Ameriprise Financial, with over 125 years of experience, provides a wide array of financial services through its network of 10,000 advisors, catering to individual and institutional investors.
Ameriprise Financial reported strong Q3 2021 earnings, with GAAP net income per diluted share of $8.65, a significant recovery from a loss of $1.14 a year prior. Adjusted operating earnings increased 38% to $5.91 per share, driven by robust client inflows of $14 billion and a 21% rise in assets under management, totaling $1.2 trillion. The company returned $666 million to shareholders, representing 95% of adjusted operating earnings. Notably, the adjusted operating return on equity reached 47.9%, showcasing strong profitability across its wealth and asset management sectors.
Ameriprise Financial has welcomed the Christensen Wealth Advisory Group to its branch channel, managing over $250 million in client assets. The transition from Wells Fargo occurred after a two-year evaluation process, with the team citing Ameriprise's superior financial planning and management capabilities. Within the first month, they successfully retained most of their clients and gained new ones, showcasing strong client loyalty and satisfaction. The team values Ameriprise's extensive resources, solid values, and brand recognition.
Ameriprise Financial announces the addition of financial advisor Reid Evans, who joins from Raymond James with $120 million in client assets. Evans has partnered with The McCulla Group, led by Matthew McCulla, to enhance client service and operational efficiency. Ameriprise has attracted around 1,700 experienced advisors in the last five years, reflecting its commitment to independent advisory growth. The firm offers advanced technology and a diverse product suite for optimal client service.
Ameriprise Financial (NYSE: AMP) will announce its third quarter financial results on October 26, 2021, after the market closes. A conference call to discuss these results is set for October 27, 2021, at 9:00 a.m. ET. Investors can access live audio, presentation slides, and replays on the Ameriprise Financial Investor Relations website.
With over 125 years in the financial sector, Ameriprise serves both individual and institutional investors through a network of approximately 10,000 financial advisors.