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Ameriprise Financial Inc   (AMP)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 

Ameriprise Financial Inc's Customers Performance

AMP

 
AMP's Source of Revenues Ameriprise Financial Inc's Corporate Customers have recorded an increase in their cost of revenue by 12.98 % in the 3 quarter 2023 year on year, sequentially costs of revenue grew by 15.46 %. During the corresponding time, Ameriprise Financial Inc recorded revenue increase by 16.26 % year on year, sequentially revenue grew by 1.72 %. While revenue at the Ameriprise Financial Inc 's corporate clients recorded rose by 7.23 % year on year, sequentially revenue grew by 3.02 %.

List of AMP Customers




Ameriprise Financial Inc's Customers have recorded an increase in their cost of revenue by 12.98 % in the 3 quarter 2023 year on year, sequentially costs of revenue grew by 15.46 %, for the same period Ameriprise Financial Inc recorded revenue increase by 16.26 % year on year, sequentially revenue grew by 1.72 %.

List of AMP Customers


   
Customers Net Income grew in Q3 by Customers Net margin grew to
9.47 % 48.25 %



Ameriprise Financial Inc's Customers, Q3 2023 Revenue Growth By Industry
Customers in Real Estate Investment Trusts Industry      7.23 %
     
• Customers Valuation • Customers Mgmt. Effect.


Ameriprise Financial Inc's Comment on Sales, Marketing and Customers



We are committed to providing our advisors with the resources and support necessary to manage and grow their practices. Our platform offers advisors the flexibility of operating on a commission-based brokerage basis as well as on a fee-based advisory basis. Advisors have access to training and materials reflecting our differentiated financial planning model and Confident Retirement planning approach, our nationally recognized brand and MORE WITHIN REACH® advertising campaign, local marketing support capabilities and our full range of proprietary and non-proprietary product solutions. Our demonstrated financial strength throughout the recent financial crisis as well as our dedication to our clients also benefits our advisor practices. We expect to continue to invest in the capabilities of and support provided to our advisor platform, with the goal of increasing advisor productivity and improving on our ability to attract and retain advisors.

Distribution

Both Columbia Management and Threadneedle maintain distribution teams and capabilities that support the sales, marketing and support of their products and services. These distribution activities are generally organized into two major categories: retail distribution and institutional distribution.

Retail Distribution

Columbia Management Investment Distributors, Inc. acts as the principal underwriter and distributor of our Columbia Management family of funds. Pursuant to distribution agreements with the funds, we offer and sell fund shares on a continuous basis and pay certain costs associated with the marketing and selling of shares. We earn commissions for distributing the Columbia Management funds through sales charges (front-end or back-end loads) on certain classes of shares and distribution and servicing-related (12b-1) fees based on a percentage of fund assets, and receive intersegment allocation payments. This revenue is impacted by overall asset levels and mix of the funds.

Columbia Management fund shares are sold through both our Advice & Wealth Management segment and through unaffiliated third-party financial intermediaries. Among our third-party distribution arrangements is a strategic distribution agreement entered into in connection with Ameriprise’s acquisition of Columbia Management that provides ongoing access to clients of Bank of America affiliated distributors, including U.S. Trust. Fees and reimbursements paid to such intermediaries may vary based on sales, redemptions, asset values, asset allocation, product mix, and marketing and support activities provided by the intermediary. Intersegment distribution expenses for services provided by our Advice & Wealth Management Segment are eliminated in our consolidated results.

Threadneedle funds are sold through financial intermediaries and institutions, including banks, life insurance companies, independent financial advisers, wealth managers and platforms offering a variety of investment products. Various Threadneedle affiliates serve as the distributors of these fund offerings and are authorized to engage in such activities in numerous countries across Europe, the Middle East, the Asia-Pacific region and Africa. Certain Threadneedle fund offerings, such as its UCITS products, may be distributed on a cross-border basis while others are distributed exclusively in local markets.

Institutional and High Net Worth Distribution

We offer separately managed account services and certain funds to high net worth clients and to a variety of institutional clients, including pension plans, employee savings plans, foundations, sovereign wealth funds, endowments, corporations, banks, trusts, governmental entities, high-net-worth individuals and not-for-profit organizations. We provide investment management services for insurance companies, including our insurance subsidiaries. We also provide, primarily through ATC and one of our broker-dealer subsidiaries, a variety of services for our institutional clients that sponsor retirement plans. We have dedicated institutional and sub-advisory sales teams that market directly to such institutional clients.

We concentrate on establishing strong relationships with institutional clients and leading global and national consultancy firms across North America, Europe, the Middle East, Asia and Australia.



  News about Ameriprise Financial Inc Contracts

Ameriprise Financial Empowers Individuals and Communities with Over $16.5 Million in Donations, Practical Financial Tips, and Exceptional Credit Ratings

Ameriprise Financial Donates Over $16.5 Million to Support Basic Needs in 2023, While Offering Practical Financial Tips to MillionairesMINNEAPOLIS - Ameriprise Financial, Inc. (NYSE: AMP) demonstrated its commitment to helping individuals in need by donating more than $16.5 million in 2023 through a combination of corporate grants, individual donations, and gift matching. The firm focused its efforts on funding nonprofits that address critical issues such as hunger, shelter, and economic stability. Alongside these charitable initiatives, Ameriprise also released new research that shed light on the habits and behaviors of millionaires, providing practical financial tips to help others achieve financial succes...

Ameriprise Becomes Comerica's Preferred Investment Program Provider, Demonstrates Robust Revenue Growth Across Sectors

Parties Close Arrangement for Ameriprise to Become Comerica's New Investment Program Provider
MINNEAPOLIS and DALLAS - Ameriprise Financial, Inc. (NYSE: AMP) and Comerica, Inc. (NYSE: CMA) have announced the completion of their agreement for Ameriprise to act as Comerica's new investment program provider. The transition involved the transfer of specific insurance, brokerage, and investment advisory tasks to Ameriprise's Financial Institutions Group (AFIG).
During the second quarter, Ameriprise Financial Inc saw a decline of 10.72% in costs of revenue for its corporate clients compared to the previous year. However, revenue increased by 14.13% year on year. This rise in revenue and decrease in costs o...




Ameriprise Financial Inc's Comment on Sales, Marketing and Customers


We are committed to providing our advisors with the resources and support necessary to manage and grow their practices. Our platform offers advisors the flexibility of operating on a commission-based brokerage basis as well as on a fee-based advisory basis. Advisors have access to training and materials reflecting our differentiated financial planning model and Confident Retirement planning approach, our nationally recognized brand and MORE WITHIN REACH® advertising campaign, local marketing support capabilities and our full range of proprietary and non-proprietary product solutions. Our demonstrated financial strength throughout the recent financial crisis as well as our dedication to our clients also benefits our advisor practices. We expect to continue to invest in the capabilities of and support provided to our advisor platform, with the goal of increasing advisor productivity and improving on our ability to attract and retain advisors.

Distribution

Both Columbia Management and Threadneedle maintain distribution teams and capabilities that support the sales, marketing and support of their products and services. These distribution activities are generally organized into two major categories: retail distribution and institutional distribution.

Retail Distribution

Columbia Management Investment Distributors, Inc. acts as the principal underwriter and distributor of our Columbia Management family of funds. Pursuant to distribution agreements with the funds, we offer and sell fund shares on a continuous basis and pay certain costs associated with the marketing and selling of shares. We earn commissions for distributing the Columbia Management funds through sales charges (front-end or back-end loads) on certain classes of shares and distribution and servicing-related (12b-1) fees based on a percentage of fund assets, and receive intersegment allocation payments. This revenue is impacted by overall asset levels and mix of the funds.

Columbia Management fund shares are sold through both our Advice & Wealth Management segment and through unaffiliated third-party financial intermediaries. Among our third-party distribution arrangements is a strategic distribution agreement entered into in connection with Ameriprise’s acquisition of Columbia Management that provides ongoing access to clients of Bank of America affiliated distributors, including U.S. Trust. Fees and reimbursements paid to such intermediaries may vary based on sales, redemptions, asset values, asset allocation, product mix, and marketing and support activities provided by the intermediary. Intersegment distribution expenses for services provided by our Advice & Wealth Management Segment are eliminated in our consolidated results.

Threadneedle funds are sold through financial intermediaries and institutions, including banks, life insurance companies, independent financial advisers, wealth managers and platforms offering a variety of investment products. Various Threadneedle affiliates serve as the distributors of these fund offerings and are authorized to engage in such activities in numerous countries across Europe, the Middle East, the Asia-Pacific region and Africa. Certain Threadneedle fund offerings, such as its UCITS products, may be distributed on a cross-border basis while others are distributed exclusively in local markets.

Institutional and High Net Worth Distribution

We offer separately managed account services and certain funds to high net worth clients and to a variety of institutional clients, including pension plans, employee savings plans, foundations, sovereign wealth funds, endowments, corporations, banks, trusts, governmental entities, high-net-worth individuals and not-for-profit organizations. We provide investment management services for insurance companies, including our insurance subsidiaries. We also provide, primarily through ATC and one of our broker-dealer subsidiaries, a variety of services for our institutional clients that sponsor retirement plans. We have dedicated institutional and sub-advisory sales teams that market directly to such institutional clients.

We concentrate on establishing strong relationships with institutional clients and leading global and national consultancy firms across North America, Europe, the Middle East, Asia and Australia.










AMP's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Ameriprise Financial Inc 45,459.70 15,601.00 2,673.00 12,000
Simon Property Group inc 56,885.83 5,658.84 2,617.02 3,300
SUBTOTAL 56,885.83 5,658.84 2,617.02 3,300


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