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Ameriprise Financial Inc   (AMP)
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    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial

Ameriprise Financial Inc 's

Competitiveness


 

AMP Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Ameriprise Financial Inc reported Revenue increase in the 3 quarter 2023 by 16.26 % year on year.
The sales growth was above Ameriprise Financial Inc 's competitors' average revenue growth of 1.05 %, achieved in the same quarter.

List of AMP Competitors

With a net margin of 21.39 % Ameriprise Financial Inc achieved higher profitability than its competitors.

More on AMP Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Ameriprise Financial Inc Net Income in the 3 quarter 2023 grew year on year by 59.12%, while most of its competitors have experienced a contraction in net income by -10.31 %.

<<  AMP Stock Performance Comparisons


Ameriprise Financial Inc 's Comment on Competitors and Industry Peers


We operate in a highly competitive global industry. As a diversified financial services firm, we compete directly with a variety of financial institutions, including registered investment advisors, securities brokers, asset managers, banks and insurance companies. Our competitors may have greater financial resources, broader and deeper distribution capabilities and products and services than we do. We compete directly with these for the provision of products and services to clients, as well as for our financial advisors and investment management personnel.

Our Advice & Wealth Management segment competes with securities broker-dealers, independent broker-dealers, financial planning firms, registered investment advisors, insurance companies and other financial institutions to attract and retain financial advisors and their clients. Competitive factors influencing our ability to attract and retain financial advisors include compensation structures, brand recognition and reputation, product offerings and technology and service capabilities and support. Further, our financial advisors compete for clients with a range of other advisors, broker-dealers and direct channels, including wirehouses, regional broker-dealers, independent broker-dealers, insurers, banks, asset managers, registered investment advisers and direct distributors. Competitive factors influencing our ability to attract and retain clients include quality of advice provided, price, reputation, product offerings and technology and service quality.

Our Asset Management segment competes on a global basis to acquire and retain managed and administered assets against a substantial number of firms, including those in the categories listed above. Such competitors may have achieved greater economies of scale, offer a broader array of products and services, offer products with a stronger performance record and have greater distribution capabilities. Competitive factors influencing our performance in this industry include investment performance, product offerings and innovation, product ratings, fee structures, advertising, service quality, brand recognition and reputation and the ability to attract and retain investment personnel. The ability to create and maintain and deepen relationships with distributors and clients also plays a significant role in our ability to acquire and retain managed and administered assets. The impact of these factors on our business may vary from country to country and certain competitors may have certain competitive advantage in certain jurisdictions.

Competitors of our Annuities and Protection segments consist of both stock and mutual insurance companies. Competitive factors affecting the sale of annuity and insurance products include distribution capabilities, price, product features, hedging capability, investment performance, commission structure, perceived financial strength, claims-paying ratings, service, brand recognition and financial strength ratings from rating agencies such as A.M. Best. Competitive factors affecting the sale of property casualty insurance products also include brand recognition and distribution capabilities.





  

Overall company Market Share Q3 2023

Overall company sales advanced by 16.26 % Ameriprise Financial Inc outperformed its competitors in this segment and improved market share, to approx. 6.45 %.
<<  More on AMP Market Share.
 
*Market share is calculated based on total revenue.

  News about Ameriprise Financial Inc Contracts

Ameriprise Financial's Innovative eMeeting Capability Earns Prestigious Technology Award

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 enables financial advisors and their staff to create fully-customized and professionally-branded client presentations. This streamlined approach frees up advisors to spend more time with clients, fostering stronger relationships and ultimately driving business growth. The technology innovation award recognizes the company's commitment to levera...

Ameriprise Financial Selected by NFL Players Association as Institutional Financial Advisor

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 goals both during their years on the field and in retirement.Under the program, specifically designated Ameriprise financial advisors will work closely with NFL players on an individual basis. These advisors will offer holistic financial guidance and strategies tailored to the unique needs and circumstances of professional athletes. By lev...

Ameriprise Financial Sees Impressive Revenue Growth and Talent Acquisition, Outperforming Competitors

Financial advisor Bill Peacock, MBA, recently made a significant move by joining the independent channel of Ameriprise Financial, Inc. from LPL Financial in Texas, bringing along a client asset base of over $110 million. This strategic decision reflects Peacock's desire to work with a firm that not only promotes independence but also offers a higher level of personalized support.Ameriprise Financial stands out from its competitors by providing a unique combination of independence and personalized service. Peacock acknowledges this distinctive advantage, stating, Ameriprise offers the best of both worlds ?? the opportunity to operate independently, while receiving a level of personalized service that we were ...

Ameriprise Financial Continues to Impress with Fifth Consecutive JD Power Certification for Outstanding Customer Service

Ameriprise Financial Continues to Impress with Fifth Consecutive J.D. Power Certification for Outstanding Customer Service
MINNEAPOLIS - Ameriprise Financial (NYSE: AMP) has once again been recognized for its exceptional customer service experience, securing the prestigious J.D. Power certification for the fifth consecutive year. The accolade highlights Ameriprise's commitment to delivering unparalleled support to financial advisors who contact the company by phone.
The Ameriprise Advice and Wealth Management and RiverSource call centers have earned this recognition by surpassing the benchmarks set by the J.D. Power Certified Customer Service ProgramSM. This program independently certifies contact ce...





Who are Ameriprise Financial Inc 's Competitors?




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