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 (NYSE: AMP) announced the addition of Ark Wealth Management, managing $120 million in assets, from First Command Financial Planning. Advisors Chris McCulloch and Wes Niblack emphasized Ameriprise's support, client-centric culture, and focus on financial planning as key factors in their decision. They appreciated the independent business ownership model and dedicated transition assistance provided by Ameriprise, ensuring a smooth client retention and growth process. Approximately 1,700 experienced advisors have joined Ameriprise in the past five years.
Ameriprise Financial (NYSE: AMP) announced a definitive agreement to acquire BMO Financial Group's EMEA asset management business for £615 million ($845 million). This all-cash transaction, expected to close in Q4 2021 pending regulatory approvals, adds $124 billion in assets under management (AUM) in Europe. The acquisition aims to enhance Ameriprise's fee-based businesses and expand its Wealth and Asset Management contributions, increasing total AUM to over $1.2 trillion. The transaction is anticipated to be accretive in 2023.
Ameriprise Financial plans to announce its first quarter financial results on April 26, 2021, after the close of the New York Stock Exchange. A conference call will follow on April 27, 2021, at 9:00 a.m. (ET) to discuss the results. Additionally, the company's annual meeting of shareholders will be held virtually on April 28, 2021, for holders of record as of March 1, 2021. Live audio of the conference and meeting, along with presentation slides, will be available on their Investor Relations website.
Ameriprise Financial (NYSE: AMP) announces that 57 of its financial advisors were named in Forbes’ list of the “Top Women Wealth Advisors” in the U.S. This accolade recognizes advisors based on ethical standards, professionalism, client retention, and business success. Ameriprise's commitment to diversity is highlighted through its Women’s Empowerment Network, aimed at mentoring and supporting women in financial services. The full Forbes list is available on Forbes.com.
Ameriprise Financial's recent Financial Priorities study reveals shifts in investor priorities due to the pandemic. Surveying over 3,000 Americans with at least $100,000 in investable assets, 63% expressed a heightened focus on protecting financial assets, and 62% on planning for uncertainty. Health and safety are now paramount for 71% of respondents. Notably, 63% initiated or plan to establish an emergency savings fund, while 30% began financial discussions with family. Despite challenges, 69% of pre-retirees maintained their retirement goals, with 18% accelerating their plans.
Ameriprise Financial (NYSE: AMP) has partnered with Idaho Central Credit Union (ICCU) to create a wealth management program called Idaho Central Wealth Management. This collaboration allows ICCU members to access personalized financial planning, robust investment solutions, and digital capabilities through Ameriprise's platform. The program launched with five advisors and will expand as ICCU hires more to serve its over 440,000 members across Idaho. Ameriprise’s Financial Institutions Group aims to strengthen its reach within the financial services market.
Ameriprise Financial (NYSE: AMP) announced that 67 of its financial advisors were recognized in Barron’s list of the "Top 1,200 Financial Advisors" nationwide. This recognition is awarded based on ethical standards, professionalism, and business success, using data from over 4,000 advisors. Bill Williams and Pat O’Connell from Ameriprise praised the commitment and quality service provided by their advisors, highlighting their role in helping clients achieve long-term goals.
Ameriprise Financial (NYSE: AMP) has received a Gold Organizational Excellence Certification for Learning and Development from Brandon Hall Group, recognizing its top-tier programs in human capital management. This certification underscores Ameriprise's commitment to providing financial advisors and staff with professional development resources, enhancing client service and operational effectiveness. The company has previously achieved multiple awards for its learning strategy, sales performance, and technology platform, demonstrating a strong focus on comprehensive training and diversity initiatives.
Southern Indiana Advisors, managing $130 million in client assets, has transitioned to Ameriprise Financial (NYSE: AMP) from Raymond James Financial Services. The team, led by advisors Jeff Schneider, Jennifer Wilkerson, and Karen Lively, sought more personalized support and was impressed by Ameriprise's practice management expertise, which they believe will enhance client service. The advisors bring over 40 years of combined experience and are supported by Ameriprise's extensive product platform. This move reflects their commitment to adapting to evolving client expectations amid recent market challenges.