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Ameriprise Financial Inc   (AMP)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 
Price: $423.8600 $-3.05 -0.714%
Day's High: $425.15 Week Perf: -1.08 %
Day's Low: $ 421.00 30 Day Perf: -3.53 %
Volume (M): 249 52 Wk High: $ 442.79
Volume (M$): $ 105,499 52 Wk Avg: $373.22
Open: $423.24 52 Wk Low: $306.63



 Market Capitalization (Millions $) 45,406
 Shares Outstanding (Millions) 107
 Employees 12,000
 Revenues (TTM) (Millions $) 15,601
 Net Income (TTM) (Millions $) 2,673
 Cash Flow (TTM) (Millions $) -1,624
 Capital Exp. (TTM) (Millions $) 190

Ameriprise Financial Inc
We are a leading financial planning and financial services firm, with a network of more than 12,000 financial advisors and registered representatives, over 2.7' million clients. Our goal is to provide clients with comprehensive solutions to meet their asset accumulation, income management and protection needs, through a tailored approach built on a long-term personal financial planning relationship and an interest in our clients evolving needs. The solutions we provide include our own asset management, annuity, banking, brokerage and protection products and services, developed to meet our clients needs, as well as other companies products. We believe our focus on comprehensive and ongoing financial planning puts us in a strong position to meet the demands of the underserved and growing mass affluent market, particularly as increasing numbers of them prepare for retirement.

We strive to deliver financial solutions to our clients through a tailored approach focused on building a long-term personal relationship through financial planning that is responsive to our clients evolving needs. The financial solutions we offer include both our own products and services and products of other companies. We believe that our focus on personal relationships with our clients, together with our strengths in financial planning and product development, puts us in a strong position to capitalize on significant demographic and market trends. We believe these trends will continue to drive increased demand for financial planning and the other financial services we provide, particularly among our target mass affluent market.

Our nationwide network of financial advisors and registered representatives is the means by which we develop personal relationships with our clients. Our branded advisor network'the financial advisors who operate under our brand name (numbering more than 10,500 at June'30, 2005)'is also the primary distribution channel through which we offer our asset accumulation and income management products and services, as well as our range of protection products. We believe that the integration of our advisors and the financial solutions we offer through our financial planning model enables us to better meet our clients needs, which results in more satisfied clients with deeper, longer lasting relationships with our company and increased retention of experienced advisors. This also allows us to reinvest in enhanced services for our clients and support for our advisors.

We have two main operating segments aligned with the financial solutions we offer to address our clients identified needs:

' Asset Accumulation and Income, and

' Protection.

Our asset accumulation and income business offers our own and other companies mutual funds, as well as our own annuities and other asset accumulation and income management products and services o retail clients through our advisor network. We also offer our annuity products through outside channels, such as banks and broker-dealer networks. This operating segment also serves institutional clients in the separately managed account, sub-advisory and 401(k) markets, among others. We earn revenues in our asset accumulation and income segment primarily through fees we receive on assets we manage, the net investment income we earn on assets on our balance sheet related to this segment and distribution fees we earn on sales of mutual funds and other products. In our protection segment, we offer various life insurance, disability income and long-term care insurance products through our advisor network. We also offer personal auto and home insurance products on a direct basis to retail clients principally through our strategic marketing alliances. We earn revenue in this operating segment primarily through premiums and fees we receive to assume insurance-related risk and net investment income we earn on assets on our balance sheet related to this segment.

We also have a corporate and other segment, which consists of income derived from corporate level assets and unallocated corporate expenses, as well as the results of our subsidiary, Securities America Financial Corporation, which operates its own independent, separately branded distribution platform. Its over 1,500 registered representatives are part of our nationwide network of over 12,000 financial advisors and registered representatives. We also include costs associated with the separation and distribution in our corporate and other segment.

Our businesses operate in intensely competitive industry segments. We compete based on a number of factors including name recognition, service, the quality of investment advice, investment performance, product features, price, perceived financial strength, and claims-paying and credit ratings. Our competitors include broker-dealers, financial advisors, asset managers, insurers and other financial institutions. Many of our businesses face competitors that have greater market share, offer a broader range of products, have greater financial resources, offer higher claims-paying or have higher credit ratings than we do.



   Company Address: 1099 Ameriprise Financial Center Minneapolis 55474 MN
   Company Phone Number: 671-3131   Stock Exchange / Ticker: NYSE AMP
   


Customers Net Income grew by AMP's Customers Net Profit Margin grew to

9.47 %

48.25 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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• View Complete Report
   



Business Update

Embracing a Client-First Culture: Ameriprise Financial Welcomes Renowned Advisor Julie Wallace

Published Tue, Apr 30 2024 6:47 PM UTC

In a recent notable move, experienced financial advisor Julie Wallace has made a shift from Wells Fargo Clearing Services, LLC in Petaluma, California, to join Ameriprise Financial, Inc. With over $100 million in client assets under her belt, Wallace's decision to transition to Ameriprise was motivated by the desire to focus more on offering personalized financial planning s...

Product Service News

Ameriprise Financial's Innovative eMeeting Capability Earns Prestigious Technology Award

Published Mon, Mar 18 2024 6:08 PM UTC

MINNEAPOLIS - Ameriprise Financial (NYSE: AMP), a leading financial services company, has been awarded the Bank Insurance and Securities Association (BISA) Technology and Innovation Award for its exclusive eMeeting capability. This cutting-edge technology allows financial advisors to simplify and enhance their meeting preparation process.Ameriprise's eMeeting platform enable...

Product Service News

Ameriprise Financial Selected by NFL Players Association as Institutional Financial Advisor

Published Tue, Mar 12 2024 1:00 PM UTC

Ameriprise Financial, a leading financial services company, has been named an Institutional Financial Advisor of the National Football League Players Association (NFLPA), the official union of professional football players. This partnership aims to provide current and retired NFL players with comprehensive financial advice and support, helping them achieve their financial g...

Management Changes

Ameriprise Financial Enhances Advisor-Client Experience with Notable Acquisition of $320 Million Advisor Team

Published Wed, Feb 28 2024 4:08 PM UTC



In a strategic move to bolster its advisor-client experience and practice management, Ameriprise Financial, Inc. (NYSE: AMP) has successfully attracted esteemed financial advisors, Jim Guthrie CFP, CRPC, MBA, and Stephen Rouner, along with their Registered Client Service Associate, Nick Vanderlinda. With an impressive $320 million in client assets, the advisor team...

Management Changes

Ameriprise Financial Celebrates 156 Female Advisors for Their Exceptional Performance in the Forbes Top Women Wealth Advisors Best-In-State List

Published Wed, Feb 14 2024 8:22 PM UTC

Forbes Recognizes 156 Ameriprise Financial Advisors for Excellence in the Prestigious Top Women Wealth Advisors Best-In-State List
MINNEAPOLIS - Ameriprise Financial Inc. (NYSE: AMP) proudly announces that 156 of their esteemed financial advisors have been recognized by Forbes in the highly coveted Top Women Wealth Advisors Best-In-State list. This achievement highlights...






 

Ameriprise Financial Inc's Segments
 
Asset Accumulation
 Segment     of total Revenue
Protection
 Segment     of total Revenue
Corporate
 Segment     of total Revenue
Annuities
 Segment     of total Revenue
 
• View Complete Report

Ameriprise Financial Inc's Operating Statistics Decrease / Increase
       
Equity (Assets under Mgmt. In millions $)   Equity (Assets under Mgmt. In millions $) Decline   
Fixed Income (Assets under Mgmt. In millions $)   Fixed Income (Assets under Mgmt. In millions $) Decline   
Money Market (Assets under Mgmt. In millions $)    Money Market (Assets under Mgmt. In millions $) Growth   
Alternative (Assets under Mgmt. In millions $)    Alternative (Assets under Mgmt. In millions $) Growth   
Hybrid & other (Assets under Mgmt. In millions $)    Hybrid & other (Assets under Mgmt. In millions $) Growth   
Total (Assets under Mgmt. In millions $)   Total (Assets under Mgmt. In millions $) Decline   




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