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.
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Ameriprise Financial announced that seven of its financial advisors made it to Forbes' list of 'America's Top Wealth Advisors' for 2021. The advisors were recognized based on various factors, including business success and compliance records. The honored advisors include Scott Tiras, Erin Scannell, George Papadoyannis, Jonathan Kuttin, Darrell Pennington, Adam Goldstein, and Randy Doroff. Bill Williams, Executive VP, commended their dedication to client goals. The full list can be accessed through Forbes' website.
Financial advisor Jason Williams has joined Ameriprise Financial (NYSE: AMP) from BB&T Securities, bringing nearly $200 million in client assets. His decision, motivated by a desire for independence and a client-centric approach, places him with The Myrias Group, led by private wealth advisor John Everson. Williams sought a firm that excelled in various financial services and found Ameriprise met his needs. The Myrias Group, established in 2015, manages $850 million in client assets and includes a team of 13 financial advisors and support staff.
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.