MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced that 20 of the firm's financial advisors have been recognized on Barron's "Top 100 Independent Financial Advisors†ranking. Each year, Barron's identifies the nation's top 100 independent advisors based on various factors that contribute to success in the business. Advisors are ranked on the volume of client assets overseen by their teams, revenues generated for their firms, and the quality of their practices i. ...

MINNEAPOLIS--(BUSINESS WIRE)--Financial advisor Mike Felton, CFP®, recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Merrill Lynch with $110 million in client assets. The 20-year industry veteran, located in Charleston, S.C., was looking to gain greater control over his practice and wanted to align with a firm that prioritizes comprehensive financial planning and advisor support. Felton was drawn to Ameriprise for its unwavering commitment to financial planning,. ...

Core Insights - Ameriprise Financial, Inc. (AMP) is a diversified global financial services firm headquartered in Minneapolis, Minnesota, offering solutions in financial planning, investment management, and retirement services [1] - The company has a market capitalization of approximately $46.9 billion, positioning it in the large-cap category, and has built trust through disciplined strategies and long-term relationships [2] Stock Performance - AMP stock is currently trading about 14.6% below its January high of $582.05, with a decline of nearly 3.6% over the past three months, while the Financial Select Sector SPDR Fund (XLF) has gained 5.5% [3] - Over the past 52 weeks, AMP stock has increased by 14.2%, but has retreated by 6.6% year-to-date (YTD) in 2025, while XLF has surged 21.1% in the same period [4] Financial Results - In Q2 2025, Ameriprise reported adjusted revenue of $4.34 billion, a 3.9% year-over-year increase, and adjusted EPS of $9.11, up 6.8% from the previous year, exceeding Wall Street expectations [5] - Despite these positive results, the stock fell approximately 3.7% on the day of the earnings release, attributed to rising adjusted operating expenses, which increased 4.3% annually to $3.2 billion [6] Future Outlook - Analysts maintain an optimistic long-term outlook for Ameriprise, with assets under management, administration, and advisement reaching a record $1.6 trillion, reflecting a 9% increase [7] - The combination of steady client asset growth, dividend increases, and capital return initiatives is expected to bolster confidence in the company's sustained profitability [7]

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) has been named by Newsweek as one of "America's Greatest Companies†for 2025, recognizing the firm's excellence in business performance, leadership and innovation. The ranking evaluates U.S. companies across key pillars including financial strength, stock performance, workforce culture and performance and investment in innovation. "We're honored to be recognized by Newsweek for our enduring commitment to excelling as a high-pe. ...

Core Insights - Wells Fargo is actively expanding its independent contractor channel by attracting advisors, exemplified by the recent recruitment of an 11-person advisor team from Ameriprise [1][4] - Clearwater Private Wealth Advisors, led by managing partners Gregg Keele and Ryan Perkins, managed approximately $1 billion in client assets while affiliated with Ameriprise and has transitioned to Wells Fargo's Financial Network to better serve its upscale client base [2][3] Group 1 - The new team operates from three offices in Indiana and is supported by a staff of 12 [2] - The move to Wells Fargo is seen as a strategic progression for Clearwater Private Wealth Advisors, enhancing their ability to serve clients [3] - Keele and Perkins have extensive experience, with Keele leaving Ameriprise after 26 years and Perkins after about 24 years [3] Group 2 - Wells Fargo has been focusing on attracting advisors from both competitors and its own network, having created a new role for overseeing independent solutions [4] - The firm reported over 11,000 advisors across its FiNet and First Clearing channels in its 2024 annual report [4] - Ameriprise reported a headcount of more than 10,000 advisors across its employee and affiliate channels in its 2024 annual report [5]

Group 1 - Columbia Threadneedle Investments is a leading global asset management group [1] - The company provides a broad range of actively managed investment strategies and solutions for individual, institutional, and corporate clients [1] - Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. [1]

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) announced today that financial advisor Alex Gunn has joined Third Coast Advisors, a financial advisory practice within the Ameriprise Financial Institutions Group (AFIG) located in Georgetown, Texas. The 16-year industry veteran was previously with PNC Investments where he helped manage more than $130 million in client assets. Gunn joined Third Coast Advisors, which provides advice and investment services to clients of Third C. ...

MINNEAPOLIS--(BUSINESS WIRE)--For the 14th consecutive year, Ameriprise Financial, Inc. (NYSE: AMP) will match donations to Feeding America® (up to $250,000) to help the more than 47 million people, including 13 million children, in the U.S. who lack consistent access to food. With the Ameriprise match, each dollar donated through October 31 will help provide 20 meals* to families and individuals experiencing food insecurity. Participation is easy and open to the public: visit www.feedingameric. ...

Financial Data and Key Metrics Changes - Group NPAT increased over 9% to $131 million, driven by cash flows in wealth businesses and efficiency improvements despite over 3% inflation [3][12] - Total revenue rose to $632 million, with controllable costs decreasing by over 4% to $300 million, resulting in a 14% EBIT improvement [12][28] - EPS improved by 18%, positively impacted by operating performance and share buybacks, with a cost-to-income ratio improving almost 3% to 59.4% [3][12] Business Line Data and Key Metrics Changes - Platforms NPAT increased to $58 million, up 7.4% due to significant AUM growth, with AUM up over 11% to $83.2 billion [14][16] - Superannuation and Investments NPAT remained flat at $34 million, with AUM growing over 8% to $58.5 billion [15][19] - AMP Bank NPAT improved to $36 million, reflecting careful management of volume and margin, with NIM growing by 2 basis points [21][22] Market Data and Key Metrics Changes - New Zealand NPAT increased almost 12% to $19 million, supported by diversified revenue streams despite a challenging economic environment [24][25] - AUM in New Zealand rose by 9.6% to $12.2 billion, driven by market movements [14][25] - Partnerships in China delivered strong results, with NPAT up 35% to $27 million, while other partnerships saw a decline due to property valuations [26][27] Company Strategy and Development Direction - The company aims to drive improvement in wealth flows, innovate in retirement, and utilize AI for advisor efficiency [33] - Focus on scaling AMP Bank Go while seeking niche lending opportunities to enhance margins [33] - Continued support for partnerships and potential exit from the PCCP relationship in the future [34] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the growth in China partnerships, expecting a 10% growth through the cycle despite economic challenges [39][40] - The company is cautious about maintaining NIM due to competitive pressures in the banking sector [42][44] - Management emphasizes the importance of cost discipline and plans to maintain controllable costs while investing in growth [87][89] Other Important Information - The interim dividend announced is $0.02 per share, franked at 20% [3] - The business simplification program is expected to conclude slightly later than anticipated but remains within the guided investment envelope of $150 million pretax [31][32] Q&A Session Summary Question: Earnings growth outlook for China partnerships - Management expects continued strong growth in the China partnerships, supported by government pension reforms and a favorable macro backdrop, with a target of 10% growth through the cycle [39][40] Question: NIM expectations for the second half - Management maintains a cautious outlook for NIM, citing competitive pressures and a decline in deposit volumes, which may affect future performance [41][44] Question: Margin dynamics in Superannuation and Investments - Management indicates that margin compression is primarily due to AUM growth and fee caps, with a focus on improving the customer mix to enhance margins [46][54] Question: Capital management and future outlook - Management acknowledges uncertainties but remains optimistic about capital position, emphasizing the need to balance between holding capital and investing for growth [49][50] Question: Controllable costs and inflationary pressures - Management is committed to meeting controllable cost guidelines while acknowledging that inflationary pressures will impact future costs [56][89]

Financial Data and Key Metrics Changes - Group NPAT increased by over 9% to $131 million, driven by cash flows in wealth businesses and efficiency improvements despite absorbing over 3% inflation [2][10] - EPS improved by 18% in the half, positively impacted by operating performance and share buybacks [2][10] - Total revenue rose to $632 million, with controllable costs decreasing by over 4% to $300 million, resulting in a 14% EBIT improvement [10][25] Business Line Data and Key Metrics Changes - Platforms AUM grew over 11% to $83.2 billion, with margin holding steady at 43 basis points [11][12] - Superannuation and Investments AUM increased by over 8% to $58.5 billion, with a slight margin decrease to 62 basis points [12][17] - AMP Bank NPAT rose to $36 million, reflecting careful management of volume and margin, with NIM growing by 2 basis points [19][20] Market Data and Key Metrics Changes - New Zealand AUM increased by 9.6% to $12.2 billion, driven by market movements despite modest margin compression [12][22] - Partnerships in China delivered strong results, with NPAT up 35% to $27 million, while other partnerships saw a decline due to property valuations [22][24] Company Strategy and Development Direction - The company aims to innovate in retirement solutions and enhance advisor efficiency through AI [5][32] - Focus on scaling AMP Bank Go while seeking niche lending opportunities to improve margins [32] - Continued emphasis on cost discipline and business simplification, with a target to maintain controllable costs at $600 million [28][90] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the growth potential in China, expecting a 10% growth rate through the cycle [38][39] - The economic environment in New Zealand is challenging, but diversified income streams provide some protection [7][22] - Management is cautious about maintaining NIM due to competitive pressures in the banking sector [40][43] Other Important Information - An interim dividend of $0.02 per share was announced, franked at 20% [2] - The business simplification program is expected to conclude slightly later than anticipated but remains within the guided investment envelope of $150 million pretax [28][29] Q&A Session Summary Question: Earnings growth outlook for China partnerships - Management expects continued strong growth in the China partnerships, supported by government pension reforms and a favorable macro backdrop [38][39] Question: NIM trajectory and full-year expectations - Management maintains a cautious outlook for NIM, expecting it to remain around 1.3% for the full year due to competitive pressures and deposit volume fluctuations [40][43] Question: S and I business margin outlook - Management indicated that margin dynamics are influenced by customer mix and retention, with a focus on onboarding new clients to improve margins [52][53] Question: Capital management and future outlook - Management is optimistic about capital position but remains cautious due to ongoing uncertainties, including class action litigation [48][49] Question: AMP Bank Go performance and target market - The initial focus has been on personal banking, but management expects to see a shift towards SME offerings as more products are launched [58]