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.
Ameriprise recently welcomed Gary Presslaff, a 40-year veteran in financial services, to its independent practice, Monumental Financial Planning, in Washington D.C. Presslaff, who manages nearly $100 million in client assets, previously worked with LPL Financial. This move follows the addition of John Cortale and his team to Ameriprise in May 2024, aiming to grow their practice and enhance service quality.
Presslaff expressed enthusiasm about joining Ameriprise, citing the firm's advanced technology and innovative planning strategies. Cortale highlighted Presslaff's extensive knowledge and dedication to client success. Monumental Financial Planning currently manages over $350 million in assets with a team of four advisors and two support staff.
Ameriprise has been successful in attracting experienced advisors, with over 400 advisors joining in 2023 and around 1,700 in the past five years.
Ameriprise Financial (NYSE: AMP) announced that financial advisor Steve Salmon has joined the firm's independent channel from LPL Financial, bringing $110 million in assets. Based in Edina, Minnesota, Salmon was attracted to Ameriprise's comprehensive support system, integrated technology, and financial planning capabilities. The move reflects Ameriprise's continued success in recruiting experienced advisors, with over 400 advisors joining in 2023 and approximately 1,700 advisors in the last 5 years.
Tri-Continental (NYSE: TY) has declared its fourth quarter distributions. Common stockholders will receive an ordinary income distribution of $0.2850 per share and a capital gain distribution of $1.9520 per share, consisting of $0.3669 in short-term and $1.5851 in long-term gains. Preferred stockholders will receive $0.6250 per share. The distributions will be paid on December 23, 2024, for Common Stock and January 2, 2025, for Preferred Stock. Stockholders can elect to receive the capital gain distribution in various stock/cash combinations. The has maintained dividend payments on common stock for 80 consecutive years.
AM Best has affirmed the A+ (Superior) Financial Strength Rating and aa- (Superior) Long-Term Issuer Credit Ratings for RiverSource Life Insurance Company and its subsidiary. The ratings reflect Ameriprise Financial Group's very strong balance sheet strength, strong operating performance, and favorable business profile. The company shows positive operating metrics including continued net income growth, premium growth, and a 45% return on equity. AM Best also affirmed ratings for Ameriprise Captive Insurance Company and various Ameriprise Financial debt instruments, all with stable outlooks.
Ameriprise Financial is partnering with Feeding America for the 15th consecutive year to provide meals during the holiday season. On Nov. 14, over 3,100 employees, advisors, and clients will volunteer at food banks nationwide as part of the firm's National Day of Service. Volunteers have contributed 400,000 hours to hunger relief since the program's inception. Additionally, Ameriprise is donating nearly $b>$2.8 million in grants to 121 nonprofits across the country, focusing on basic needs, community support, and volunteer impact amplification. The company has donated a total of $4.7 million and supported over 200 nonprofits through its two grant cycles in 2024.
Q5 Wealth Management, a team managing $1.5 billion in client assets, has expanded with the addition of financial advisor Scott Guptill, who manages $100 million in client assets. The team joined Ameriprise Financial's independent channel in August 2024 from UBS Financial Services. Guptill, previously with Morgan Stanley, joined Q5 to enhance his high-net-worth clients' experiences and leverage Ameriprise's digital capabilities. This expansion comes as part of Q5's growth strategy, with the team citing Ameriprise's sophisticated resources as a key factor in their decision. Ameriprise has attracted over 400 advisors in 2023 and approximately 1,700 in the last 5 years.
Ameriprise Financial (NYSE: AMP) has been named a 2025 Military Friendly® Employer by VIQTORY for the eleventh consecutive year. The recognition highlights Ameriprise's commitment to creating an inclusive workplace for military community members. The evaluation was based on public data and employer survey responses, considering factors like veteran recruitment, retention, turnover, and advancement.
The company demonstrates its support for veterans through initiatives like the Certified Military Financial Advisor™(CMFA) certification, launched in partnership with Dalton Education in 2022. Ameriprise also supports the U.S. Army Reserve Private Public Partnership to help veterans transition to civilian employment.
Ameriprise Financial (NYSE: AMP) has secured five Brandon Hall Group awards for excellence in learning and development, including four gold awards and one bronze award in Human Capital Management Excellence. The gold awards were received for Best Use of Blended Learning, Best Use of Performance Support, Best New Hire Onboarding Program, and Best Results of a Learning Program, while the bronze award was for Best Learning in the Flow of Work.
The company's learning and development program offers comprehensive training in client service, technology, practice management, and leadership development. The awards recognize Ameriprise's commitment to providing innovative and effective training programs for advisors and their teams, focusing on delivering exceptional client experiences and professional growth opportunities.
Financial advisors Kelly France and Dan Lotts have joined River Prairie Wealth Partners, an Ameriprise Financial practice, bringing over $250 million in client assets from LPL Financial. The team joins the Altoona, Wisconsin-based practice led by Private Wealth Advisor Adam Mohr, which manages over $3 billion in client assets across eight office locations in Minnesota and Wisconsin. The practice employs 29 advisors and 34 support staff. France and Lotts, who have more than 30 years of combined industry experience, cited Ameriprise's comprehensive client support, technology, and financial planning tools as key factors in their decision. Ameriprise has attracted over 400 advisors in 2023 and approximately 1,700 in the past 5 years.
Ameriprise Financial (NYSE: AMP) has announced its regular quarterly cash dividend of $1.48 per common share. The dividend will be paid on November 15, 2024 to shareholders of record as of November 4, 2024. The company, which has been operating for 130 years, provides investment advice, global asset management, and insurance solutions through its network of more than 10,000 financial advisors.