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.
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.
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.