Ameriprise Financial Inc (AMP) |
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Ameriprise Financial Inc's Suppliers Performance
AMP's Supply Chain
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AMP Costs vs Sales of Suppliers Growth |
Revenues of Ameriprise Financial Inc's Suppliers, deteriorated by -1.56 % compared to the same quarter a year ago, from the previous quarter, sales fell by -5.12 %, Ameriprise Financial Inc recorded an increase in cost of sales by 906.67 % year on year, sequentially cost of sales grew by 15.27 % in Q3.
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Ameriprise Financial Inc's Suppliers realized a deteriorated in sales by -1.56 % compared to the same quarter a year ago, from the previous quarter, sales fell by -5.12 %, Ameriprise Financial Inc recorded increase in cost of sales by 906.67 % year on year, sequentially cost of sales grew by 15.27 % in Q3.
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News about Ameriprise Financial Inc Contracts |
MINNEAPOLIS - Pacific Crest Planning, a highly respected wealth management practice overseeing a robust portfolio of over $525 million in client assets, has recently made a strategic move to join the independent channel of Ameriprise Financial, Inc. (NYSE: AMP). The firm's decision to transition from RBC Capital Markets, LLC in Kennewick, Wash., to Ameriprise Financial was driven by the desire to enhance independence and client-focused service.Leading the team at Pacific Crest Planning is Ryan Sullivan, an accomplished private wealth advisor who holds multiple prestigious designations including Certified Financial Planner (CFP), Chartered Life Underwriter (CLU), and Chartered Financial Consultant (ChFC). Su...
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Ameriprise Financial Inc's Comment on Supply Chain
We reinsure a portion of the insurance risks associated with our life, disability
income, long term care and property casualty insurance products through reinsurance
agreements with unaffiliated reinsurance companies. We use reinsurance to limit
losses, reduce exposure to large and catastrophic risks and provide additional
capacity for future growth. To manage exposure to losses from reinsurer insolvencies,
we evaluate the financial condition of reinsurers prior to entering into new
reinsurance treaties and on a periodic basis during the terms of the treaties.
Our insurance companies remain primarily liable as the direct insurers on all
risks reinsured.
We have an integrated customer management system that serves as the hub of
our technology platform. In addition, we have specialized product engines that
manage individual brokerage, mutual fund, insurance and face amount certificate
accounts. Over the years we have updated our platform to include new product
lines such as brokerage, deposit, credit and products of other companies, wrap
accounts and e-commerce capabilities for our financial advisors and clients.
We also use a proprietary suite of processes, methods and tools for our financial
planning services. We update our technological capabilities regularly to help
maintain an adaptive platform design that aims to enhance the productivity of
our advisors to allow for faster, lower-cost responses to emerging business
opportunities, compliance requirements and marketplace trends.
Most of our applications run on a technology infrastructure we outsourced to
IBM in 2002. Under this arrangement, IBM is responsible for all mainframe, mid-range,
computing network and storage operations, which includes a portion of our web
hosting operations. Also, we outsource our voice network operations to AT&T.
In addition to these two arrangements, we outsourced our internal help desk,
production support and a substantial portion of the development and maintenance
of our computer applications to other firms. In 2012, we completed a major replacement
of our brokerage and clearing platforms involving the transition of all of our
all advisors and clients to the new technology platform.
We have developed and maintain a comprehensive business continuity plan that
covers business disruptions of varying severity and scope and addresses the
loss of a geographic area, building, staff, data systems and/or telecommunications
capabilities. We review and test our business continuity plan on an ongoing
basis and update it as necessary. We require our key technology vendors and
service providers to do the same. Under our business continuity plan, we expect
to be able to continue doing business and to resume operations with minimal
service impacts. However, under certain scenarios, the time that it would take
for us to recover and resume operations may significantly increase depending
on the extent and geographic scope of the disruption and the number of personnel
affected.
Ameriprise Financial Inc's Comment on Supply Chain
We reinsure a portion of the insurance risks associated with our life, disability
income, long term care and property casualty insurance products through reinsurance
agreements with unaffiliated reinsurance companies. We use reinsurance to limit
losses, reduce exposure to large and catastrophic risks and provide additional
capacity for future growth. To manage exposure to losses from reinsurer insolvencies,
we evaluate the financial condition of reinsurers prior to entering into new
reinsurance treaties and on a periodic basis during the terms of the treaties.
Our insurance companies remain primarily liable as the direct insurers on all
risks reinsured.
We have an integrated customer management system that serves as the hub of
our technology platform. In addition, we have specialized product engines that
manage individual brokerage, mutual fund, insurance and face amount certificate
accounts. Over the years we have updated our platform to include new product
lines such as brokerage, deposit, credit and products of other companies, wrap
accounts and e-commerce capabilities for our financial advisors and clients.
We also use a proprietary suite of processes, methods and tools for our financial
planning services. We update our technological capabilities regularly to help
maintain an adaptive platform design that aims to enhance the productivity of
our advisors to allow for faster, lower-cost responses to emerging business
opportunities, compliance requirements and marketplace trends.
Most of our applications run on a technology infrastructure we outsourced to
IBM in 2002. Under this arrangement, IBM is responsible for all mainframe, mid-range,
computing network and storage operations, which includes a portion of our web
hosting operations. Also, we outsource our voice network operations to AT&T.
In addition to these two arrangements, we outsourced our internal help desk,
production support and a substantial portion of the development and maintenance
of our computer applications to other firms. In 2012, we completed a major replacement
of our brokerage and clearing platforms involving the transition of all of our
all advisors and clients to the new technology platform.
We have developed and maintain a comprehensive business continuity plan that
covers business disruptions of varying severity and scope and addresses the
loss of a geographic area, building, staff, data systems and/or telecommunications
capabilities. We review and test our business continuity plan on an ongoing
basis and update it as necessary. We require our key technology vendors and
service providers to do the same. Under our business continuity plan, we expect
to be able to continue doing business and to resume operations with minimal
service impacts. However, under certain scenarios, the time that it would take
for us to recover and resume operations may significantly increase depending
on the extent and geographic scope of the disruption and the number of personnel
affected.
AMP's Suppliers Net Income grew by |
AMP's Suppliers Net margin grew in Q3 to |
83.88 % |
11.29 % |
AMP's vs. Suppliers, 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 |
Aci Worldwide inc |
3,453.24 |
1,452.58 |
121.51 |
3,979 |
Alpine 4 Holdings Inc |
18.63 |
105.85 |
-20.56 |
0 |
Black Knight inc |
0.00 |
1,520.60 |
244.70 |
6,400 |
Blackbaud Inc |
4,303.69 |
1,105.24 |
1.82 |
3,182 |
Cellebrite Di Ltd |
2,256.80 |
270.65 |
116.11 |
1,000 |
Cleartronic Inc |
13.61 |
2.23 |
0.06 |
8 |
Salesforce Inc |
295,930.80 |
31,352.00 |
208.00 |
73,541 |
Cisco Systems Inc |
200,676.71 |
57,233.00 |
13,442.00 |
83,300 |
Clearwater Analytics Holdings Inc |
3,265.68 |
368.04 |
-23.08 |
1,371 |
Sprinklr Inc |
3,759.98 |
575.84 |
-26.14 |
3,245 |
Datadog Inc |
41,775.42 |
2,127.45 |
48.57 |
2,185 |
Dell Technologies Inc |
78,874.84 |
90,042.00 |
5,928.00 |
133,000 |
Deluxe Corporation |
862.40 |
2,192.26 |
26.23 |
5,328 |
Bottomline Technologies Inc |
2,437.92 |
506.36 |
-36.36 |
1,600 |
Extreme Networks Inc |
1,508.13 |
1,366.97 |
94.17 |
2,643 |
Fiserv Inc |
92,181.69 |
19,093.00 |
3,129.00 |
0 |
Fidelity National Information Services Inc |
40,952.24 |
9,821.00 |
-6,647.00 |
65,000 |
H and r Block Inc |
6,659.97 |
3,488.68 |
592.46 |
2,200 |
Hubspot Inc |
30,085.66 |
2,057.45 |
-178.33 |
2,081 |
Mcx Technologies Corporation |
0.37 |
0.10 |
-0.22 |
4 |
Moody s Corporation |
70,700.64 |
5,916.00 |
1,608.00 |
13,460 |
Meridianlink inc |
1,455.96 |
303.13 |
-42.54 |
472 |
New Relic Inc |
6,131.40 |
966.93 |
-129.14 |
1,284 |
Nice Ltd |
15,805.38 |
1,921.15 |
199.22 |
7,102 |
Sharpspring Inc |
219.77 |
31.06 |
-6.81 |
250 |
Splunk Inc |
29,180.58 |
2,998.63 |
-955.26 |
3,200 |
Ss and c Technologies Holdings Inc |
15,746.88 |
5,429.00 |
621.30 |
8,287 |
Sumo Logic Inc |
1,434.25 |
250.83 |
-90.41 |
943 |
Solarwinds Corporation |
1,881.01 |
758.74 |
-9.11 |
2,147 |
Thryv Holdings Inc |
768.17 |
916.25 |
-259.30 |
2,955 |
Walkme Ltd |
0.00 |
193.30 |
-80.29 |
0 |
Zeta Global Holdings Corp |
1,629.56 |
693.54 |
-203.95 |
1,434 |
SUBTOTAL |
953,971.36 |
245,059.85 |
17,672.65 |
431,601 |
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