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 a lease for a new headquarters office at Atlantic Wharf, Boston, moving to 290 Congress Street in summer 2021. The new location, certified LEED Platinum, will occupy two floors designed for flexibility and collaboration, enhancing the work environment for over 500 employees based in Boston. This move reflects the firm's commitment to the city and its growth strategy, as Columbia Threadneedle, part of Ameriprise Financial (NYSE: AMP), manages $476 billion in assets globally.
Voyage Financial Group has transitioned to Ameriprise Financial from LPL Financial, bringing nearly $500 million in client assets. Led by co-founders Tom Royce and Mike Chong, the team sought enhanced resources to support their growth ambitions. They identified Ameriprise's dedicated acquisition support and integrated technology as vital for their operations. This move aims to improve service delivery while capturing expansion opportunities in the wealth management sector.
Ameriprise Financial (NYSE: AMP) announced a projected unfavorable impact of approximately $350 million after-tax on its third quarter 2020 adjusted operating earnings due to its annual review of insurance and annuity valuation assumptions. The low interest rate environment and a reduction in the 10-year Treasury rate assumption to 3.5 percent are primary contributors. However, this change will not affect the company's excess capital, which is determined on a statutory basis. The operating effective tax rate is expected to be elevated in Q3 2020.