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 .
You might also like
| 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
5 questions for AMP
Suneet Kamath
Jefferies
5 questions for AMP
Craig Siegenthaler
Bank of America
4 questions for AMP
Michael Cyprys
Morgan Stanley
4 questions for AMP
Steven Chubak
Wolfe Research
4 questions for AMP
Thomas Gallagher
Evercore
4 questions for AMP
Alex Blostein
Goldman Sachs
3 questions for AMP
Ryan Krueger
KBW
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
Kenneth Lee
RBC Capital Markets
2 questions for AMP
Wilma Burdis
Raymond James Financial
2 questions for AMP
Michael Anagnostakis
Wolfe Research, LLC
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.
- 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% .