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Ameriprise Financial Inc (NYSE: AMP) |
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Price: $464.5600
$1.35 
0.291%
|
| Day's High:
| $469.34
| Week Perf:
| -0.9 %
|
| Day's Low: |
$ 463.12 |
30 Day Perf: |
-6.91 % |
| Volume (M): |
31 |
52 Wk High: |
$ 582.05 |
| Volume (M$): |
$ 14,531 |
52 Wk Avg: |
$481.69 |
| Open: |
$472.28 |
52 Wk Low: |
$385.74 |
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| Market Capitalization (Millions $) |
48,020 |
| Shares
Outstanding (Millions) |
103 |
| Employees |
18,664 |
| Revenues (TTM) (Millions $) |
16,320 |
| Net Income (TTM) (Millions $) |
3,008 |
| Cash Flow (TTM) (Millions $) |
223 |
| Capital Exp. (TTM) (Millions $) |
134 |
Ameriprise Financial Inc
Ameriprise Financial, Inc. is a prominent financial services firm headquartered in Minneapolis, Minnesota. Known for its extensive network of financial advisors and registered representatives, Ameriprise serves over7 million clients, providing tailored financial solutions designed to address a variety of needs, including asset accumulation, income management, and protection.
Overview
- Founded: 1894
- Headquarters: Minneapolis, Minnesota
- Clients: Over7 million
- Financial Advisors: More than 12,000 registered representatives and advisors in the network
- Market Focus: Primarily targets the mass affluent market, which encompasses individuals with substantial assets but not ultra-high-net-worth status.
Business Segments
Ameriprise operates through several key segments:
1. Asset Accumulation and Income Management:
- Offers a range of investment products, including proprietary mutual funds and annuities, as well as products from other companies.
- Services retail clients via the advisor network and institutional clients through channels like separate accounts and 401(k) plans.
- Revenue is primarily generated through management fees, net investment income, and distribution fees related to mutual funds and other investment products.
2. Protection:
- Provides life insurance, disability income insurance, and long-term care insurance through its advisor network.
- Includes personal auto and home insurance offered directly to retail clients, mainly through strategic marketing alliances.
- Revenue comes from premiums and net investment income, alongside fees related to insurance risk management.
3. Corporate and Other:
- Covers income from corporate-level assets, unallocated corporate expenses, and operations from subsidiaries like Securities America Financial Corporation, which maintains its independent distribution platform.
- This segment also includes associated costs with company separations and distributions.
Competitive Landscape
Ameriprise Financial operates in a highly competitive financial services environment, where it competes with other broker-dealers, financial advisory firms, asset managers, insurance companies, and various financial institutions. Key competitive factors include:
- Brand Recognition: Building a strong brand in the financial services domain is crucial.
- Quality of Service: Providing superior customer service and investment advice is essential to retain clients.
- Investment Performance: The returns generated from investment products can influence client satisfaction and loyalty.
- Product Features and Pricing: Competitive product offerings that meet client needs while being cost-effective.
- Financial Strength: Perception of the company's financial stability, including claims-paying ability and credit ratings.
Strategic Approach
Ameriprise Financial is dedicated to fostering long-term relationships with its clients. It emphasizes personalized financial planning, focusing on evolving client needs, which helps deepen client relationships and improve retention rates among advisors. This relationship-centric model enables Ameriprise to anticipate and respond to changing market demands, especially as demographic trends continue to drive the need for comprehensive financial planning services, particularly among individuals approaching retirement.
In summary, Ameriprise Financial, Inc. combines a strong network of financial advisors with a diversified range of products and services to effectively serve the growing and often underserved mass affluent market. Its ongoing commitment to financial planning and personalized service positions it well for continued growth and relevance in the financial services industry.
Company Address: 1099 Ameriprise Financial Center Minneapolis 55474 MN
Company Phone Number: 671-3131 Stock Exchange / Ticker: NYSE AMP
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Customers Net Income grew by |
AMP's Customers Net Profit Margin fell to |
2.14 % |
39.05 %
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| Stock Performances by Major Competitors |
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| Business Update
Published Wed, Apr 9 2025 5:25 AM UTC
In a strategic move aimed at bolstering its investment program, Langley Federal Credit Union (LFCU), a federally chartered institution based in Newport News, Virginia, has officially transitioned its investment management to the Ameriprise Financial Institution Group (AFIG). Ameriprise Financial, publicly traded on the NYSE under the ticker AMP, brings a wealth of expertise ...
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| Business Update
Published Tue, Mar 25 2025 6:09 PM UTC
In a notable development for both individual financial advisors and the broader financial services industry, Mila Kisz, MBA, and Roman Kisz, AAMS, CRPS, have made a significant career transition. The duo, who managed an impressive $100 million in client assets while at Edward Jones, recently transitioned to the independent channel of Ameriprise Financial, Inc. (NYSE: AMP). T...
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| Business Update
Published Fri, Mar 7 2025 7:47 PM UTC
Ameriprise Financial s Strategic Expansion and Revenue Dynamics In a significant development for Ameriprise Financial s independent channel, the prominent private wealth advisory practice, Highland Wealth Management, has joined from LPL Financial, bringing with it $210 million in assets. The move aims to enhance client experiences by leveraging the superior support framework...
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| Business Update
Published Thu, Dec 5 2024 12:47 AM UTC
Ameriprise Financial Shines: Dual Honors in Client Services and Credit Ratings Ameriprise Financial, Inc. (NYSE: AMP), a leading player in the financial services industry, continues to distinguish itself through exceptional service and financial strength, as evidenced by recent accolades from J.D. Power and AM Best. These prestigious recognitions underscore Ameriprise s comm...
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| Stocks on the Move
Published Fri, Nov 29 2024 4:57 AM UTC
In the ever-evolving landscape of financial services, Ameriprise Financial Inc. (NYSE: AMP) has recently captured investor attention as a prominent player, demonstrating impressive market resilience amid mixed analyst sentiments and economic uncertainties. As of July 25, 2024, the company has seen a remarkable uptick in its stock performance, notably completing its fourth ...
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| Per Share |
Current |
| Earnings (TTM) |
28.16 $ |
| Revenues (TTM) |
157.88 $
|
| Cash Flow (TTM) |
2.16 $ |
| Cash |
94.32 $
|
| Book Value |
48.3 $
|
| Dividend (TTM) |
4.99 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
28.16 $
|
| Revenues (TTM) |
157.88 $ |
| Cash Flow (TTM) |
2.16 $ |
| Cash |
94.32 $
|
| Book Value |
48.3 $ |
| Dividend (TTM) |
4.99 $ |
|
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| |
| Other revenues Other fees |
|
 11.5 % |
of total Revenue |
| Management and financial advice fees |
|
55.92 % |
of total Revenue |
| Distribution fees |
|
11.5 % |
of total Revenue |
| Reportable segments |
|
107.24 % |
of total Revenue |
| Reportable Management and financial advice fees |
|
52.87 % |
of total Revenue |
| Reportable Asset Management Retail |
|
11.89 % |
of total Revenue |
| Reportable Asset Management Institutional |
|
3.67 % |
of total Revenue |
| Reportable Advisory fees |
|
30.99 % |
of total Revenue |
| Reportable Financial planning fees |
|
2.5 % |
of total Revenue |
| Reportable Transaction and other fees |
|
3.83 % |
of total Revenue |
| Reportable Distribution fees |
|
17.94 % |
of total Revenue |
| Reportable Mutual funds |
|
5.81 % |
of total Revenue |
| Reportable Insurance and annuity |
|
8.74 % |
of total Revenue |
| Reportable Off-balance sheet brokerage cash |
|
0.91 % |
of total Revenue |
| Reportable Other products |
|
2.48 % |
of total Revenue |
| Reportable Other revenues |
|
1.53 % |
of total Revenue |
| Reportable Advice & Wealth Management |
|
64.12 % |
of total Revenue |
| Reportable Advice & Wealth Management Management and financial advice fees |
|
35.77 % |
of total Revenue |
| Reportable Advice & Wealth Management Advisory fees |
|
30.99 % |
of total Revenue |
| Reportable Advice & Wealth Management Financial planning fees |
|
2.5 % |
of total Revenue |
| Reportable Advice & Wealth Management Transaction and other fees |
|
2.28 % |
of total Revenue |
| Reportable Advice & Wealth Management Distribution fees |
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13.84 % |
of total Revenue |
| Reportable Advice & Wealth Management Mutual funds |
|
4.53 % |
of total Revenue |
| Reportable Advice & Wealth Management Insurance and annuity |
|
5.92 % |
of total Revenue |
| Reportable Advice & Wealth Management Off-balance sheet brokerage cash |
|
0.91 % |
of total Revenue |
| Reportable Advice & Wealth Management Other products |
|
2.48 % |
of total Revenue |
| Reportable Advice & Wealth Management Other revenues |
|
1.5 % |
of total Revenue |
| Reportable Asset Management |
|
19.31 % |
of total Revenue |
| Reportable Asset Management Management and financial advice fees |
|
16.73 % |
of total Revenue |
| Reportable Asset Management Asset Management Retail |
|
11.89 % |
of total Revenue |
| Reportable Asset Management Asset Management Institutional |
|
3.67 % |
of total Revenue |
| Reportable Asset Management Transaction and other fees |
|
1.18 % |
of total Revenue |
| Reportable Asset Management Distribution fees |
|
2.19 % |
of total Revenue |
| Reportable Asset Management Mutual funds |
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1.28 % |
of total Revenue |
| Reportable Asset Management Insurance and annuity |
|
0.91 % |
of total Revenue |
| Reportable Retirement & Protection Solutions |
|
21.13 % |
of total Revenue |
| Reportable Retirement & Protection Solutions Management and financial advice fees |
|
0.36 % |
of total Revenue |
| Reportable Retirement & Protection Solutions Transaction and other fees |
|
0.36 % |
of total Revenue |
| Reportable Retirement & Protection Solutions Distribution fees |
|
1.91 % |
of total Revenue |
| Reportable Retirement & Protection Solutions Insurance and annuity |
|
1.91 % |
of total Revenue |
| Reportable Corporate & Other |
|
2.69 % |
of total Revenue |
| Reportable Corporate & Other Other revenues |
|
0.02 % |
of total Revenue |
| Non-operating |
|
1.16 % |
of total Revenue |
| and non-operating |
|
108.4 % |
of total Revenue |
|
|
3.04% 