Ameriprise Financial Inc (AMP) |
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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 |
*Market share is calculated based on total revenue.
News about Ameriprise Financial Inc Contracts |
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...
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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...
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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 ...
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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...
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