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The risk aversion that prevailed in the wake of the U.S. drone strike in Iraq dissipated quickly last week, replaced by a focus on fundamentals that resulted in stocks resuming their ascent. The S&P 500^® Index added 0.9 percent last week, more than reversing its 0.2 percent loss from the prior week. Brent crude oil retreated as well, falling $3.62 to $64.98 a barrel, where it was last in mid-December. The VIX index fell, while gold came off its high, but still managed a small gain for the week, as did the ten-year note yield. It closed the week at 1.82 percent, up from 1.79 the prior week, but down from its Wednesday high of 1.87. Whether we have seen the last of the U.S.-Iran confrontation for now remains to be seen. 

Minneapolis – December 12, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) today released details on how its new Customer Relationship Management (CRM) system further enables the firm’s approximately 10,000 financial advisors to deliver its award-winning customer service to clients[1] and grow their practices. The new system, Ameriprise CRM, built on top of Salesforce Financial Services Cloud, makes it easier for advisors to provide a consistent, referable and advice-based experience to every client.

Minneapolis – December 10, 2019 – Today Ameriprise Financial, Inc. (NYSE: AMP) announced that Troy Aarthun, AAMS^®, CRPC^®, Sharon Hickey, ChFC^®, CASL^®, and Kevin Kimball, CLTC^®, AIF^® of Bedford, N.H. have joined the firm’s franchise channel from MassMutual. Combined, the three experienced advisors manage approximately $126 million in assets.