Ameriprise Finl Inc Stock Price, News & Analysis

Columbia Threadneedle Investments celebrates the five-year anniversary of its Columbia Research Enhanced Core ETF (NYSE Arca: RECS), which has amassed over $1 billion in client assets. RECS has consistently outperformed its benchmark, the Russell 1000 Index®, through a unique rules-based approach that applies proprietary investment research.

The ETF's strategy addresses a key concern of financial advisors by eliminating unfavorably rated stocks from the benchmark. RECS has earned a 5-star Overall Morningstar Rating and ranks in the top 10% of Morningstar's U.S. Large Blend category for the five-year period ending September 30, 2024. With a total expense ratio of 0.15%, RECS offers a cost-effective and tax-efficient solution for core equity exposure.

Managed by Christopher Lo, Jason Wang, and Henry Hom, RECS uses Columbia Threadneedle's proprietary quantitative models to evaluate companies based on quality, value, and catalyst factors. As of September 30, 2024, the ETF contained 357 US large-cap stocks across growth and value sectors.

Ameriprise Financial (NYSE: AMP) has announced its schedule for the third quarter 2024 investor conference call. The company plans to release its financial results on Wednesday, October 23, 2024 after the New York Stock Exchange closes. A conference call to discuss the results will be held on Thursday, October 24, 2024 at 9:00 a.m. ET.

Investors can access a live audio webcast of the conference call, along with presentation slides and an audio replay, on the Ameriprise Financial Investor Relations website at ir.ameriprise.com. Ameriprise Financial has been helping clients with their financial futures for 130 years, offering investment advice, global asset management, and insurance solutions through a network of over 10,000 financial advisors.

Star Mountain Capital, a specialized investment firm with over $4.0 billion in assets under management, has promoted Scott Couto from Senior Advisor to President. Couto, with over 30 years of experience in asset management, joins the firm's Executive Committee. His previous roles include Executive Vice President & Head of North America at Columbia Threadneedle Investments ($650+ billion AUM) and President of Fidelity Institutional Asset Management.

Couto's extensive experience in strategic leadership, business management, governance, risk management, and client relations is expected to maximize value for Star Mountain stakeholders. The firm focuses on generating defensive, premium yield and strong total returns from the less efficient and resource-intensive market of U.S. private small and medium-sized businesses in the lower middle-market.

Ameriprise Financial (NYSE: AMP) announced that 21 of its financial advisors have been recognized on Barron's "2024 Top 100 Independent Financial Advisors" ranking. This prestigious list acknowledges the top advisors in the industry based on factors such as client asset volume, firm revenue generation, and practice quality, including high ethical standards.

Bill Williams, Executive Vice President and President of Ameriprise Independent Advisors channel, expressed pride in the advisors' achievements, noting their consistent excellence in client service and professional growth. Ameriprise supports these advisors with innovative technology, coaching programs, and robust wealth management capabilities.

Notable advisors on the list include Joel Bird, Dane Burkholder, AJ Jugan, Jon Kuttin, and Randy Linde, among others.

Ameriprise Financial (NYSE: AMP) is launching its 13th annual match campaign to support Feeding America. The company will match public donations up to $250,000 through October 31, 2023, with each dollar providing 20 meals to those facing food insecurity. This initiative aims to address the ongoing challenge of hunger in America, which affects over 47 million people, including 14 million children.

Since partnering with Feeding America in 2009, Ameriprise has helped provide more than 124 million meals and contributed 400,000 volunteer hours. The matching campaign, established in 2010, has facilitated approximately 236 million meals. Additionally, Ameriprise will hold its 15th annual National Day of Service on November 14, 2024, mobilizing employees, advisors, and clients to support hunger relief efforts nationwide.

Ameriprise Financial, Inc. (NYSE: AMP) announced that Financial Advisor Nathan Brown, with nearly $150 million in assets, has joined the firm's branch channel from Edward Jones. Brown, based in Kalamazoo, Michigan, chose Ameriprise for its robust technology platform and enhanced financial planning capabilities. He noted that Ameriprise's innovative solutions have helped him provide deeper advice and better service to his clients.

Brown's clients have responded positively to the move, experiencing a noticeable improvement in service. Ameriprise continues to attract experienced advisors, with over 400 joining in 2023 and approximately 1,700 in the last 5 years. This addition underscores Ameriprise's growing appeal in the financial advisory sector.

Tri-Continental (NYSE: TY) has declared its third quarter distribution for 2024. Common stockholders will receive $0.2914 per share, payable on September 23, 2024, while preferred stockholders will receive $0.6250 per share, payable on October 1, 2024. The ex-dividend date for both is September 13, 2024.

TY has maintained an impressive 80-year streak of consecutive dividend payments. The 's investment manager is Columbia Management Investment Advisers, , a subsidiary of Ameriprise Financial. Investors should note that TY's distributions may vary and closed-end funds often trade at a discount to their net asset value.

The employs quantitative methods for security selection and uses leverage through preferred stock, which can increase volatility. Potential investors are advised to carefully review the prospectus for detailed information on investment objectives, risks, and expenses before making investment decisions.

Ameriprise Financial (NYSE: AMP) announced that 96 of its financial advisors have been named to the Forbes “Best-in-State Next-Gen Wealth Advisors” list. This list honors top advisors under 40 based on factors such as business success, compliance records, assets under management, and ethical standards.

Pat O’Connell, Executive VP, praised the advisors, highlighting their commitment to learning, client service, and growth. Bill Williams, Executive VP, noted the recognition as a testament to the advisors' impact on clients' lives and their potential for future success.

Ameriprise Financial (NYSE: AMP) recently hosted its Black Advisor Summit in Minneapolis, bringing together financial advisors, field leaders, and staff. The event, organized in partnership with the firm's Black Empowerment Advisor Community Network (BEACN), focused on celebrating and championing the success of Black financial advisors at Ameriprise. The two-day summit featured keynote speakers, advisor panels, and leadership insights on strategies to serve diverse clients and drive growth.

The event highlighted Ameriprise's commitment to recruiting, retaining, and developing a diverse network of advisors. It aimed to create a platform for learning, connection, and professional development among financial professionals. BEACN's mission to educate and advocate for colleagues and the Black community was emphasized, along with its goal to unify advisors, develop talent, and expand financial literacy.