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.
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.
Columbia Threadneedle Investments announced that seven of its funds were honored with the 2021 Lipper Fund Awards for outstanding performance. The Columbia Mortgage Opportunities Fund was recognized in two time periods for the Absolute Return Bond Funds category. Additional winners included the Columbia Global Opportunities Fund and the Columbia Select Mid Cap Value Fund, among others. The awards highlight the firm's strong risk-adjusted returns over 3, 5, and 10 years, affirming its investment approach and research intensity.
Integrity Financial, managing $200 million in assets, has transitioned to Ameriprise Financial (NYSE: AMP) from Next Financial Group. Lead advisor Bob Ross highlighted Ameriprise's superior digital client experience, enabling easy access to accounts and consolidated investment overviews. The team sought a firm that prioritizes advisor independence and offers technology that aligns with their values. Founded in 1991, Integrity Financial aims to integrate clients' principles into their financial plans. Over 4,300 advisors have joined Ameriprise since 2008, reflecting its appeal in the advisory sector.
Tranquil Lakes Investment Advisors, managing $150 million in assets, has transitioned to Ameriprise Financial (NYSE: AMP) from Waddell & Reed. Key team members include Jason Hatch, Mark Wood, Frank Janowitsch, Mary Weber, and Benjamin Esdaile. Following an acquisition of their previous firm, the team sought a reputable firm to enhance client experience and growth potential. They appreciated Ameriprise’s support during the transition and aim to expand financial planning services. Over 4,300 advisors have joined Ameriprise since 2008, reflecting its strong market position.
Ameriprise Financial announced that 347 of its financial advisors have been named to Forbes Best-in-State Financial Advisor list. The recognition is based on ethical standards, professionalism, and overall success. Pat O’Connell, EVP, highlighted the importance of these advisors in helping clients navigate financial challenges. Bill Williams, another EVP, emphasized the value of long-term financial planning, particularly in the wake of the pandemic. This acknowledgment showcases Ameriprise's commitment to client-focused service and the strength of its advisor network.
Ellie Tobin Stubbs has joined Ameriprise Financial’s independent channel from TIAA-CREF, bringing with her $64 million in client assets. Stubbs chose Ameriprise for its comprehensive financial advice focus and its strong support for socially responsible investing. She will collaborate with fellow advisor Denise Palmer, who manages $100 million in assets. This strategic move reflects Ameriprise’s appeal, with over 4,300 financial advisors joining since 2008, showcasing a commitment to empowering advisors and their clients.
Ameriprise Financial (NYSE: AMP) is launching the Associate Financial Advisor Business Development Program, aimed at training the next generation of financial advisors. With a significant portion of current advisors expected to retire soon, this initiative addresses the looming talent shortage. The six-month program enhances AFAs' skills in client acquisition and relationship management, which can lead to increased assets under management. The program's pilot yielded impressive results, with participants acquiring nearly double the clients and quadrupling their revenue compared to peers.
Ameriprise Financial (NYSE: AMP) has been awarded the J.D. Power certification for the second consecutive year, recognizing its exceptional customer service experience provided to financial advisors via phone. This certification is based on a thorough evaluation of advisor interactions and highlights Ameriprise's commitment to phone navigation and contact center excellence. Dawn Cooper, Executive Vice President, noted the importance of this achievement during challenging times, emphasizing the dedication of advisors and service teams to support clients in meeting their financial goals.
Ameriprise Financial (NYSE: AMP) unveiled the Ultimate Advisor Partnership, a new strategy aimed at enhancing growth for financial advisors. This initiative is built on seven key drivers that have historically enabled Ameriprise advisors to grow 2.5 times faster than competitors. Key features include integrated technology, comprehensive advice and solutions, and strong brand support. The offering emphasizes efficiency, client satisfaction, and operational support, positioning Ameriprise as a leader in the financial advisory space.
Financial advisor Mitchell Rock has joined Ameriprise Financial (NYSE: AMP) from Wells Fargo in New York City, significantly increasing his managed assets to over $250 million within his first month. Rock attributes this achievement to Ameriprise’s supportive transition team, advanced technology, and strong culture of service. With a focus on sophisticated wealth management, he plans to leverage deep client relationships to foster continued growth. Over 4,300 advisors have joined Ameriprise since 2008, reflecting the firm's strong appeal to experienced professionals.