Ameriprise Financial, Inc. is a diversified financial services company with a nearly 130-year history, operating primarily through its subsidiaries. The company focuses on Wealth Management and Asset Management as its main go-to-market strategies, providing financial planning, advice, and investment management services to a wide range of clients . Ameriprise also offers retirement and protection solutions, including annuities and insurance products, through its RiverSource Life companies . The company's revenues and net income are significantly influenced by investment performance, asset management, and distribution fees .
- Wealth Management - Provides financial planning, advice, cash management, banking products, and full-service brokerage services to retail clients through a network of over 10,000 financial advisors, targeting households with $500,000 to $5,000,000 in investable assets .
- Asset Management - Operates under the Columbia Threadneedle Investments® brand, offering investment management services to retail, high net worth, and institutional clients globally, with products including mutual funds, exchange-traded funds, and variable product funds .
- Retirement & Protection Solutions - Offers variable annuities, life insurance, and disability income insurance products through RiverSource Life companies, earning revenues from fees based on account balances and premiums .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
James M. Cracchiolo ExecutiveBoard | Chairman and Chief Executive Officer | None | Chairman and CEO since AMP's spin-off from American Express in 2005. Extensive experience in financial services, strategic planning, and acquisitions. | |
Joseph E. Sweeney Executive | President, Advice & Wealth Management, Products and Service Delivery | Board member at SIFMA and ASA | Oversees AMP's wealth management and service delivery. Achieved record advisor productivity and client flows. | View Report → |
Walter S. Berman Executive | Executive Vice President and Chief Financial Officer | None | EVP and CFO, responsible for financial reporting and certifications. No additional details on achievements or external roles provided. | View Report → |
William Davies Executive | EVP and Global Chief Investment Officer | None | Joined AMP in 1994. Leads investment teams recognized for strong performance and responsible investment initiatives. | |
William F. Truscott Executive | CEO of Global Asset Management | None | CEO of Global Asset Management since 2012. Leads Columbia Threadneedle Investments, recognized for strong investment performance and industry awards. | |
Amy DiGeso Board | Director | None | Director since 2014. Former EVP of Global HR at Estée Lauder. Expertise in human capital management and corporate governance. | |
Brian T. Shea Board | Director | Board member at Fidelity National Information Services, Inc. (FIS) and RBB Funds, Inc.; Catholic Charities of New York; Tomorrow’s Hope Foundation | Director since 2019. Extensive experience in financial services, mergers and acquisitions, and global operations. | |
Dianne Neal Blixt Board | Director | Director at Scandinavian Tobacco Group and Triad Business Bank | Director since 2014. Expertise in public company financial operations, regulatory relations, and investor communications. | |
Robert F. Sharpe, Jr. Board | Director | Director at New Frontier Foods, Inc. | Director since 2005. Expertise in corporate governance, risk management, and executive compensation programs. | |
W. Edward Walter III Board | Director | Director at Claros Mortgage Trust, CNS REIT, Measurabl, and DC Policy Center; Senior Advisor at Energy Impact Partners | Director since 2018. Former CEO of Urban Land Institute. Expertise in real estate investment and energy transition. |
- Given your decision to retain the long-term care business, can you elaborate on how you assessed the potential risks and valuation differences between retaining the block and reinsuring it, and how this decision maximizes shareholder value?
- Despite strong investment performance in Asset Management and improved net outflows, what specific strategies are you implementing to reverse the outflow trend and attract new inflows, particularly in retail and institutional channels?
- You mentioned that total company G&A expenses are expected to be flattish for 2024 and 2025, with Asset & Wealth Management expenses growing by 4%-5%; how do you plan to balance these investments with cost controls to maintain profitability?
- With an 80% capital return to shareholders projected for this year and likely next year, given potential market uncertainties and investment opportunities, how sustainable is this level of capital return in the long term?
- As you expand lending products like pledged loans and residential mortgages to protect spreads, how are you addressing associated credit risks and ensuring underwriting standards remain robust amid competitive pressures?
Research analysts who have asked questions during AMERIPRISE FINANCIAL earnings calls.
John Barnidge
Piper Sandler
6 questions for AMP
Suneet Kamath
Jefferies
6 questions for AMP
Steven Chubak
Wolfe Research
5 questions for AMP
Alex Blostein
Goldman Sachs
4 questions for AMP
Craig Siegenthaler
Bank of America
4 questions for AMP
Michael Cyprys
Morgan Stanley
4 questions for AMP
Ryan Krueger
KBW
4 questions for AMP
Thomas Gallagher
Evercore
4 questions for AMP
Kenneth Lee
RBC Capital Markets
3 questions for AMP
Wilma Burdis
Raymond James Financial
3 questions for AMP
Wilma Jackson Burdis
Raymond James
3 questions for AMP
Alexander Blostein
Goldman Sachs
2 questions for AMP
Brennan Hawken
UBS Group AG
2 questions for AMP
Jeff Schmitt
William Blair & Company, L.L.C.
2 questions for AMP
David Giunta
Bank of Montreal
1 question for AMP
Jeffrey Schmitt
William Blair
1 question for AMP
Karim Assef
Bank of America
1 question for AMP
Michael Anagnostakis
Wolfe Research, LLC
1 question for AMP
Tom Gallagher
Evercore ISI
1 question for AMP
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
BMO Global Asset Management (EMEA) | 2021 | The acquisition expanded Ameriprise’s global asset management capabilities by consolidating London-based teams and generating higher integration costs in 2023, strategically enhancing its presence in Europe and beyond. No specific financial terms were disclosed in the documents. |
Recent press releases and 8-K filings for AMP.
- Total revenue in Q3 2025 was $21.8 million, up 20% year-over-year.
- Gross profit margin improved to 81%, a 400-basis point increase from Q3 2024.
- Development Services revenue grew 97% to $1.9 million.
- Net loss narrowed to $8.7 million, a 15% improvement year-over-year.
- 2025 revenue guidance raised to $84–86 million.
- Ameriprise delivered 12% adjusted EPS growth to $9.92, with net revenues up 6% to $4.6 B and firmwide margin at 27%.
- Assets under management, administration, and advisement reached a record $1.7 T, up 8% year-over-year.
- Wealth Management: client assets hit $1.1 T with $29 B of flows, wrap assets rose 14% to $650 B, and advisor productivity climbed 10% to $1.1 M.
- Asset Management: AUM increased to $714 B, operating earnings grew 6% to $260 M, net outflows improved to $3.4 B, and revenues rose 3% to $906 M with a 42% margin.
- Capital return totaled $842 M (87% of operating earnings), and management is targeting an 85% payout ratio in Q4.
- Ameriprise reported adjusted operating EPS of $9.92, up 12%, on adjusted operating net revenues of $4.61 billion, a 6% increase year-over-year.
- Total assets under management, administration and advisement reached a record $1.7 trillion, up 8% from Q3 2024.
- Segment highlights: Advice & Wealth Management revenues rose 9% to $3.0 billion and earnings increased 7% to $881 million; Asset Management earnings grew 6% to $260 million; Retirement & Protection Solutions delivered $200 million in pretax earnings.
- Ameriprise achieved a 52.8% return on equity (ex AOCI) and returned $3.1 billion to shareholders over the trailing twelve months.
- Ameriprise delivered strong third-quarter results: adjusted operating EPS excluding unlocking rose 12% to $9.92, with adjusted operating net revenues up 6% to $4.6 billion and a firmwide margin of 27%.
- Assets under management, administration, and advisement reached a record $1.7 trillion, up 8% YoY, with wealth management client assets at $1.1 trillion and wrap assets up 14% to $650 billion.
- Return on equity remained robust at 53%, and the firm returned $842 million in capital this quarter, representing 87% of operating earnings and targeting an 85% payout ratio in Q4.
- In asset management, operating earnings rose 6% to $260 million, with AUM and advisement at $714 billion and net outflows improving to $3.4 billion.
- The company continued to invest in growth initiatives, launching the Signature Wealth platform, HELOCs, and a checking account pilot, and recruited 90 experienced advisors, driving advisor productivity up 10% to $1.1 million.
- Ameriprise reported adjusted operating EPS (ex unlocking) of $9.92, up 12% YoY, and adjusted operating net revenues ex unlocking of $4.6 billion, up 6%, with a 27% firmwide margin and ROE of 53%.
- Assets under management, administration, and advisement reached a record $1.7 trillion, up 8% YoY, driven by strong market gains and net inflows.
- Wealth management client assets totaled $1.1 trillion, with $29 billion of flows over the past year; wrap assets rose 14% to $650 billion; advisor productivity increased 10% to $1.1 million per advisor; 90 experienced advisors joined the firm in Q3.
- The firm returned $842 million to shareholders in the quarter, increasing its capital return to 87% of operating earnings, and plans an 85% payout ratio in Q4 2025.
- Ameriprise delivered GAAP net income of $912 million ($9.33 per diluted share, +87% YoY) and adjusted operating earnings of $965 million ($9.87 per diluted share, +22% YoY).
- Third-quarter adjusted operating net revenues rose 9% to $4.7 billion, with pretax adjusted operating margin at 26% and adjusted operating return on equity ex-AOCI of 52.8%.
- Total assets under management, administration and advisement reached a record $1.66 trillion, up 8% year-over-year.
- Advice & Wealth Management client assets grew 11% to $1.138 trillion, with net flows of $3.4 billion in the quarter.
- The firm returned $842 million to shareholders (87% of adjusted operating earnings) via dividends ($155 million) and share repurchases ($687 million).
- Ameriprise generated GAAP net income of $912 million ($9.33 per diluted share), up 78% y/y, and adjusted operating EPS of $9.87, a 22% increase versus Q3 2024.
- Third quarter total net revenues were $4.79 billion, up 9% y/y, and assets under management, administration and advisement reached a record $1.66 trillion, an 8% increase.
- The firm returned $842 million to shareholders (87% of adjusted operating earnings) and delivered an adjusted operating ROE of 52.8% for the quarter.
- Business segments drove growth: Advice & Wealth net revenues rose 9% to $2.99 billion with a 29.5% pretax margin; Asset Management net revenues grew 3% to $906 million with a 42.1% margin; Retirement & Protection Solutions net revenues increased 13% to $1.10 billion with pretax earnings (excl. unlocking) of $200 million.
- Adjusted operating EPS of $9.11 (+7% YoY), margin 27%, ROE of 52%, and record AUA/A of $1.6 trillion.
- Wealth Management: Client AUA of $1.1 trillion (+11%), revenue per advisor $1.1 million (+11%), wrap assets $615 billion (+15%), and wrap net inflows of $5.4 billion.
- Asset Management: AUM/A of $690 billion (+2% YoY, +5% seq), net outflows of $8.7 billion, 99 funds rated four- or five-stars by Morningstar, and segment margin of 39%.
- Retirement & Protection Solutions: pretax adjusted earnings of $214 million (+9% YoY), sales of $1.4 billion, and continued strong free cash flow generation.
- Capital returns: returned 81% of operating earnings in Q2, targeting an 85% payout ratio in H2, with $2.3 billion of excess regulatory capital.
- Strong Earnings: Adjusted operating EPS of $9.50 (up 13% YoY) and GAAP results with net revenues of $4,354M (up 5% YoY), net income of $583M, and diluted EPS of $5.83 .
- Wealth Management Highlights: Assets under management, administration, and advisement reached $1.5 trillion with client assets growing to $1 trillion and inflows of $10.3 billion .
- Capital Return Initiatives: Returned $765 million to shareholders via dividends and share repurchase programs, featuring an 8% dividend increase and a new $4.5B share repurchase authorization .
- Effective Cost Management: Achieved a 5% reduction in expenses and maintained a 43% consolidated margin, bolstering free cash flow generation .
- Robust Profitability: Reported a GAAP ROE (ex AOCI) of 43.2% alongside an adjusted operating ROE of 52.0% .