News releases

Minneapolis - (June 12, 2020) – Ameriprise Financial (NYSE: AMP) today announced that ESSA Bank & Trust has transitioned its investment management program, ESSA Investment Services, to Ameriprise Financial Institutions Group (AFIG). ESSA joins AFIG from Cetera. The Stroudsburg, PA-based bank employs three financial advisors who manage $218 million in brokerage assets. Through the new relationship, AFIG will support the financial advisors in providing ESSA clients with personalized advice and investment solutions. AFIG partners with community banks and credit unions to help their clients reach their financial goals.  
 

Minneapolis - (June 12, 2020) – Ameriprise Financial (NYSE: AMP) today announced that ESSA Bank & Trust has transitioned its investment management program, ESSA Investment Services, to Ameriprise Financial Institutions Group (AFIG). ESSA joins AFIG from Cetera. The Stroudsburg, PA-based bank employs three financial advisors who manage $218 million in brokerage assets. Through the new relationship, AFIG will support the financial advisors in providing ESSA clients with personalized advice and investment solutions. AFIG partners with community banks and credit unions to help their clients reach their financial goals.  
 

Minneapolis – June 10, 2020 – As many Americans find themselves evaluating their financial picture as a result of COVID-19, the road to recovery may seem daunting – or even impossible. However, the way investors have dealt with financial challenges in the past may shed light on how investors may be able to handle the financial repercussions of COVID-19. A new study by Ameriprise Financial (NYSE: AMP) found that nearly three-quarters of people have experienced at least one major financial setback – often costing more than $50,000, and in some cases more than $100,000. But those investors have also staged a comeback and managed to put their finances back in order.

Minneapolis – June 5, 2020 – Ameriprise Financial (NYSE: AMP), along with its subsidiary, Columbia Threadneedle Investments, is adapting its longstanding volunteer program so its employees and advisors can give back to communities that face immediate need while adhering to local health and safety guidelines. As the firm approaches its annual National Day of Service, which in past years brought together thousands of volunteers to work side-by-side at food banks, Ameriprise is decentralizing the event and encouraging employees and advisors to show kindness to their friends, neighbors and community members by participating in activities like cleaning up streets, delivering groceries and thanking healthcare workers. Time spent on acts of kindness is eligible for the eight hours of paid time off employees receive each year for volunteerism.

Minneapolis – May 28, 2020 – For experienced advisors considering a change, Ameriprise Financial, Inc. (NYSE: AMP) is standing out as a company that can help them elevate the experience they deliver for clients, drive efficiency in their practices and smoothly navigate the challenging environment. These advisors are taking advantage of the firm’s new, all-virtual recruiting program to learn more about Ameriprise and how its unique blend of support and independence can help bring their practices to the next level.

Minneapolis, MN – May 28, 2020 – Ameriprise Financial (NYSE: AMP) today announced that it has been named a top performer in the 2020 Wants & Pricing customer satisfaction report conducted by independent research and benchmarking company Hearts & Wallets. The annual survey asked more than 5,000 households to rate their financial firms based on service dimensions that customers most value. Ameriprise garnered top performer status in “unbiased, puts my interest first,” “explains things in understandable terms” and “understands me and shares my values.

Minneapolis – May 20, 2020 – Financial advisor Timothy O’Connor, CFP^®, recently rejoined the franchise channel of Ameriprise Financial (NYSE: AMP) after spending the last 26 years at Merrill Lynch, Morgan Stanley and Wells Fargo, where he was most recently a Managing Director. O’Connor, who manages $143 million in assets for pre-retiree, retiree, and nonprofit clients in Huntley, Illinois, started his career with Ameriprise in 1987. He left Ameriprise in 1994 because he was seeking more flexibility to serve the complex needs of his clients. O’Connor chose to return to Ameriprise because the firm has made significant investments in its technology, research capabilities, and product platform, all of which help him deliver a superior experience to his clients.

MINNEAPOLIS – May 6, 2020 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) increased the company’s quarterly cash dividend by 7 percent, or $0.07 per diluted share, to $1.04 per diluted share payable on May 29, 2020 to shareholders of record at the close of business on May 18, 2020.

Minneapolis – April 30, 2020 – Financial advisors Ron Phelps and Jacob Hamus recently joined the employee channel of Ameriprise Financial (NYSE: AMP) after spending 24 years and 11 years respectively at Morgan Stanley. The advisors, who manage $321 million in institutional and client assets in Middleton, Wisconsin, were impressed by Ameriprise’s suite of technology and other capabilities that will enable them to serve clients and help them achieve their financial goals, even in the face of market volatility and economic disruption. They were also pleased that Ameriprise is establishing a new office for their team and other advisors in the Middleton area.