Ameriprise Finl Inc Stock Price, News & Analysis

Ameriprise Financial (NYSE: AMP) celebrates its 130th anniversary on June 29. Founded in Minneapolis in 1894, the firm now operates in 18 countries, managing over $1.4 trillion in assets. Ameriprise has grown its market capitalization from $8.8 billion in 2005 to over $43 billion today. The company, which was originally known as Investors Syndicate and later as Investors Diversified Services (IDS), has maintained a strong commitment to client trust, innovation, and community support. Since its public debut in 2005 post-spinoff from American Express, Ameriprise has donated over $200 million to nonprofits and aims to exceed 130 million meals donated to Feeding America by the end of 2024.

Under the leadership of Jim Cracchiolo, Ameriprise has consistently delivered strong financial performance, holding the #1 position in total shareholder return in the S&P 500 Financials Index since 2005. The company is also known for its resilience, having navigated major economic crises without government bailouts and continually investing in its capabilities and people.

Ameriprise Financial (NYSE: AMP) proudly announced that 87 of its financial advisors have been named to AdvisorHub's prestigious 'Advisors to Watch' rankings. This recognition highlights top advisors across the industry for their exceptional client service, practice growth, and professionalism. AdvisorHub, a notable publication in the wealth management sector, compiled the rankings based on a variety of performance metrics including assets under management, client relationships, and years of experience. Bill Williams and Pat O'Connell, executives at Ameriprise, expressed their pride in the advisors' achievements and reaffirmed the firm's commitment to providing outstanding advisory support.

Tri-Continental (NYSE: TY) recently held its 94th Annual Meeting of Stockholders in Minneapolis, where stockholders approved the Board's recommendations on two key proposals. Directors Kathleen Blatz, Pamela G. Carlton, George S. Batejan, and David M. Moffett were elected to terms extending to the 2027 Annual Meeting. Additionally, PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the 2024 fiscal year. The is managed by Columbia Management Investment Advisers, Investors are advised to review the prospectus for detailed information on investment objectives, risks, charges, and expenses before investing.

Financial advisor Michael Cruz has joined Ameriprise Financial (NYSE: AMP) from Wells Fargo Clearing Services, , bringing over $100 million in assets from Temecula, California. Cruz, who has nearly 30 years of industry experience, chose Ameriprise to expand his practice and better serve his clients. He plans to use the firm's comprehensive suite of products and services, financial planning platform, and integrated technology to drive organic growth through client referrals and inorganic growth through practice acquisitions. Ameriprise has attracted over 400 financial advisors in 2023 and approximately 1,700 advisors in the past five years.

Private Wealth Advisor Kyle Rasmussen, CFP®, APMA™, and Financial Advisor Nick Blasberg have rejoined Ameriprise Financial from LPL Financial, bringing over $105 million in client assets. Operating under Generational Wealth Partners, their team includes financial planning specialist Hunter Bell, CFP®. Rasmussen emphasized Ameriprise's supportive environment, integrated technology, leadership support, and resources for external practice acquisitions as reasons for the move. Ameriprise has attracted over 400 advisors in 2023 and approximately 1,700 in the last five years.

Tri-Continental (NYSE: TY) declared a second quarter distribution of $0.2905 per share for Common Stock and $0.6250 per share for Preferred Stock. Additionally, a long-term capital gain distribution of $0.2878 per Common Stock share was announced. The Common Stock distribution will be paid on June 18, 2024, and the Preferred Stock distribution on July 1, 2024, to shareholders of record as of June 10, 2024. Shareholders have the option to receive the capital gain distribution in various combinations of cash and stock. The emphasized that current distributions are generated from earnings and profits, not a return of capital. The net asset value of the ’s shares may not align with market prices, and the investment carries stock market risks. The company is managed by Columbia Management Investment Advisers, a subsidiary of Ameriprise Financial.

Julie Wallace, a financial advisor with over $100 million in client assets, moved her practice to Ameriprise Financial, Inc. from Wells Fargo Clearing Services to provide clients with a more robust financial planning experience. Wallace values the client-first culture and operational excellence at Ameriprise, allowing her to focus on building deep client relationships and helping clients achieve their financial goals.