News releases | Ameriprise Newsroom

Ameriprise Financial Celebrates 15-Year Anniversary as an Independent, Publicly Traded Company Committed to Helping Clients Achieve Their Financial Goals

MINNEAPOLIS – October 2, 2020 – October 3 marks the 15-year anniversary of Ameriprise Financial’s (NYSE: AMP) spinoff from American Express. The company’s roots trace back more than 125 years, when it was founded in Minneapolis as Investors Syndicate in 1894 with a vision to help everyday Americans achieve their financial goals. That legacy continued as the firm operated under the brands Investors Diversified Services (IDS) and, later, American Express Financial Advisors. In 2005, under the leadership of Chairman and CEO Jim Cracchiolo, the firm successfully completed one of the largest spin-offs in U.S. history, debuting the new public company, Ameriprise Financial.

Ameriprise Financial Announces Additional $2.5 Billion Share Repurchase Authorization

MINNEAPOLIS – September 29, 2020 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has authorized an additional $2.5 billion for the repurchase of shares of its common stock through September 30, 2022. As of June 30, 2020, the company had approximately $500 million available from its February 2019 authorization, which is available through March 31, 2021.

Sophisticated $500-Million-Dollar Team from LPL Financial Joins Ameriprise to Accelerate Their Growth Through Practice Acquisitions

Minneapolis – September 28, 2020 – Voyage Financial Group, a wealth management practice with nearly $500 million in client assets, recently joined the franchise channel of Ameriprise Financial Inc. (NYSE: AMP) from LPL Financial. The team, which is led by cofounders and private wealth advisors Tom Royce, CFP^®, AWMA^® and Mike Chong, MBA, was looking for more resources and dedicated leadership to support their ambitions to grow. The team conducted due diligence on a variety of firms over many months and found Ameriprise’s integrated and client-focused technology suite and robust, hands-on practice acquisition support team to be the right fit to help amplify their growth.

Ameriprise Financial Announces Estimated Impact of Unlocking and Loss Recognition for Third Quarter 2020

MINNEAPOLIS -- Ameriprise Financial, Inc. (NYSE: AMP) today announced that the company estimates its third quarter 2020 adjusted operating earnings will include an unfavorable impact of approximately $350 million after-tax resulting from its annual review of insurance and annuity valuation assumptions and models. The non-cash unfavorable impact primarily reflects the low interest rate environment, as the reduction of the company’s 10-year Treasury rate assumption to 3.5 percent and extending the grading period to 6.5 years with no grading in 2020 accounts for the vast majority of the impact.

14 Ameriprise Financial Advisors Named to the Barron’s “Top Independent Advisors” List

Minneapolis – September 24, 2020 – Ameriprise Financial Inc. today announced that 14 of the firm’s financial advisors were named to the Barron’s list of “Top Independent Advisors,” representing a 40% increase over 2019. Each year, Barron’s publishes the list recognizing the top 100 independent advisors across the country based on several factors including success in the business, compliance records, assets under management and high levels of ethical standards.

Personalized Client Experience – Powered by Technology and Industry-Leading Capabilities – Sets Ameriprise Apart During the Pandemic

MINNEAPOLIS – September 16, 2020 – The disruption and dislocation caused by the global pandemic have brought into sharp focus the need for financial planning and advice, which is exactly what Ameriprise Financial (NYSE: AMP) has led the way on for more than 125 years. With continued investment and innovation, the Ameriprise Client Experience stands apart from competitors with advanced financial planning tools, digital capabilities and a culture and history of putting clients first. At a time of historic challenges, more than 2 million clients trust Ameriprise to help them plan for the future and stay on track to achieve their goals through a personalized advice experience that takes into account investors’ goals, assets, time horizons, risk tolerances and investment preferences.

Ameriprise Financial Matching Public Donations to Feeding America Now Through Thanksgiving

MINNEAPOLIS – September 10, 2020 – Ameriprise Financial (NYSE: AMP) today announced it is matching donations to Feeding America^® in support of the millions of Americans struggling with hunger, which has increased amid disruption caused by the COVID-19 pandemic. Every dollar donated (up to $250,000) now through Thanksgiving will help provide at least 20 meals to families and individuals in need when matched by Ameriprise.* To participate in the Ameriprise matching campaign, simply visit: supportfeedingamerica.org/Ameriprise to give.

Client-Focused, Supportive Culture Brings 35-Year Industry Vet to Ameriprise

MINNEAPOLIS – September 9, 2020 – Financial advisor Eileen Holzman recently joined The Nolan Group, an established practice within the franchise channel of Ameriprise Financial (NYSE: AMP), after spending 35 years in the industry. Holzman, who joined from Royal Alliance Associates, chose Ameriprise because she was attracted to the firm’s client-first culture and strong reputation for fostering a supportive advisor community.

Financial Advisors Seeking Independence and Support Join Ameriprise to Take Their $282-Million-Dollar Practice to the Next Level

Minneapolis – August 25, 2020 – Carolinas Wealth Management, a team of financial advisors managing $282 million in client assets, joined the franchise channel of Ameriprise Financial (NYSE: AMP) from Voya Financial Advisors. The team is led by 25-year veteran advisors Sam Head, CEP^® and David Monckton, CFP^® and 8-year advisor Michael Fusco, CRPC^®. The advisors chose Ameriprise because the firm offered the right balance of independence and support, and continually invests in technology that saves time for both clients and their team.

Ameriprise Financial Reports 96% Satisfaction Rate as Company Engages Record Number of Clients in Compelling Digital Experience

MINNEAPOLIS – August 19, 2020 – In the midst of an unpredictable year, clients of Ameriprise Financial (NYSE: AMP) are overwhelmingly pleased with the experience the firm provides to help them stay in control of their financial lives. Ninety-six percent of clients surveyed said they are “highly satisfied,” and Ameriprise provides the advice that addresses their needs. Ninety-two percent said they were “likely to recommend the Ameriprise advice experience to friends and family.”¹ The firm conducted the survey as part of its regular benchmarking of client satisfaction rates and to measure how well the company is meeting client expectations amid disruption caused by the COVID-19 pandemic.