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What Ameriprise Financial (AMP) said on its Q3 earnings call. October 29, 2026 Key points. * Ameriprise delivered strong Q3 growth: Adjusted operating revenue rose 10% year over year to $5.1 billion, adjusted earnings increased 14%, and adjusted EPS climbed 22%, while total assets reached $1.8 trillion. * Wealth Management remained the primary growth driver: Segment revenue increased 13%, client assets rose 8% to $1.2 trillion, net inflows improved substantially, and revenue per advisor reached a record $1.2 million. * Ameriprise is investing in expansion while returning capital: The company completed the transition of 260 Huntington Bank advisors, expanded its AI tools for advisors, returned $1 billion to shareholders in the quarter, and authorized a new $5.5 billion share-repurchase program. * Five stocks to consider instead of Ameriprise Financial. Ameriprise Financial NYSE: AMP reported higher third-quarter adjusted operating revenue and earnings, supported by asset growth, client activity and advisor productivity, while management highlighted continued investment in technology, advisor support and capital returns. Excluding the impact of its annual actuarial assumption update, Ameriprise said adjusted operating net revenue rose 10% year over year to $5.1 billion. Adjusted operating earnings increased 14%, while adjusted earnings per share rose 22%. Total assets under management, administration and advisement increased 8% to $1.8 trillion. Chairman and CEO Jim Cracchiolo said the company was operating in a market environment marked by equity-market gains alongside inflation, higher interest rates and geopolitical uncertainty. He said client demand for financial advice remained an important driver of the company's performance. "Clients want to work with an advisor and a firm they can trust, with the advice, investment expertise, and solutions to fully serve their needs," Cracchiolo said. Wealth Management growth and advisor productivity. Ameriprise's Wealth Management segment reported adjusted operating net revenue of $3.4 billion, up 13% from a year earlier. Fee-based and transaction-based revenue increased 15%, aided by higher client asset levels and increased activity. Transaction activity rose 6%, primarily due to annuity-product sales and brokerage transactions. Pre-tax adjusted operating earnings in the segment increased 12% to $989 million, while the segment's adjusted operating margin was 29%. Chief Financial Officer Walter Berman said the company expects wealth-management margins to remain around that range under normal market conditions. Total wealth-management client assets rose 8% to $1.2 trillion, while wrap assets increased 12% to $729 billion. Excluding Comerica-related activity, client net inflows increased 56% year over year to $5.3 billion, and wrap net inflows increased 38% to $6.6 billion. Discover more Stock Market News Stock Market Holidays Track Stock Market Revenue per advisor climbed 13% to a record $1.2 million. Cracchiolo said Ameriprise recruited 79 experienced advisors during the quarter and reported high retention across its advisor base, including high-90% retention among advisors who have been with the firm for more than 10 years. Management addressed investor questions about industry recruiting competition and reports concerning retention arrangements. Cracchiolo said Ameriprise does not have a broad retention program, describing its approach as working individually with advisors on practice growth, succession, acquisitions, liquidity and complex-team needs. Berman said the company's strategy is centered on organic growth and sustainable profitability rather than broadly structured incentives. He added that some competing recruitment offers appear to have lengthy payback periods, particularly as firms may seek to use higher interest rates to support more aggressive packages. Huntington Bank partnership and technology investments. Ameriprise completed the transition of approximately 260 Huntington Bank advisors and $28 billion in client assets earlier in October, representing the company's largest financial institutions group, or AFIG, relationship. Huntington Bank's acquisition of Cadence Bank is expected to add another 29 advisors and $4 billion in assets to the program in mid-2027. Cracchiolo said the Huntington relationship expands Ameriprise's presence in the bank channel and may help demonstrate the company's ability to support larger institutional partnerships. Management said it continues to engage with other potential partners. The company also emphasized investments in artificial intelligence and integrated technology. Cracchiolo said advisor practices using current AI capabilities can generate more than 30 hours of additional weekly capacity. Ameriprise has delivered tens of millions of AI-generated insights, with nearly three-quarters of advisor practices using those insights, he said. During the quarter, the company began an early release of an AI-powered meeting-preparation agent and service assistant. Ameriprise plans to expand those tools in 2027 with broader data integration and additional guided workflows. Asset Management and retirement & Protection. In Global Asset Management, assets under management and advisement rose 4% year over year to $743 billion. Segment revenue increased 9% to $990 million, while pre-tax adjusted operating earnings rose 18% to $308 million. The segment's adjusted operating margin was 46%, and the underlying fee rate was approximately 48 basis points. Cracchiolo said asset-management flows were affected by certain larger institutional mandates and client asset-allocation decisions. He said the company expects institutional activity to improve and cited opportunities in alternatives, real estate, active exchange-traded funds, separately managed accounts and model portfolios. The company said 78% of its retail funds ranked above the median of peers over three years, 74% did so over five years, and 87% did so over 10 years. Ameriprise also announced a strategic collaboration with Hamilton Lane initially focused on launching a public-private growth equity interval fund in the coming months. Retirement & Protection Solutions generated $198 million in pre-tax adjusted operating earnings excluding unlocking. Sales increased 24%, driven by demand for structured variable annuities, variable annuities without living-benefit riders and variable universal life insurance. Ameriprise's annual actuarial assumption update resulted in an unfavorable after-tax impact of $74 million. Berman said the company's long-term care business was performing in line with expectations and that policyholder behavior remained within the company's anticipated range. Capital returns and balance sheet. Ameriprise returned $1 billion of capital to shareholders during the quarter, representing 93% of operating earnings. The company repurchased 4.9 million shares at an average price of $491 and ended the quarter with $2 billion of excess capital and $2.3 billion of holding-company available liquidity. The board authorized a new $5.5 billion share-repurchase program through Sept. 30, 2028. Berman said the higher repurchases during the quarter reflected what management viewed as an opportunistic use of its capital capacity. Return on equity, excluding unlocking, rose to 56% from 52.8% a year earlier. Over the past 12 months, Ameriprise said revenue grew 11%, adjusted earnings per share increased 19%, and the company returned $3.9 billion of capital to shareholders. About Ameriprise Financial (NYSE:AMP). Ameriprise Financial, Inc NYSE: AMP is a diversified financial services company that provides advice, wealth management, asset management, insurance and retirement solutions. Through its network of financial advisors and digital platforms, the company serves individuals, families, businesses and institutions with financial planning, investment management and related services. Its products and services include brokerage and advisory accounts, mutual funds and exchange-traded funds, retirement plans, annuities, life and long-term care insurance, banking services and financial planning. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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Dishant Tandon Appointed Vice President at BNY, bringing experience in investment operations. The short version. Dishant Tandon has been appointed Vice President at BNY, marking the next step in his career across financial services and investment operations. Listen Dishant Tandon Appointed Vice President at BNY Dishant Tandon has been appointed Vice President at BNY, marking the next step in his career across financial services and investment operations. His professional experience spans corporate actions, securities processing, reconciliation, and financial operations. Experience at BlackRock. Before joining BNY, Tandon served as Associate - Corporate Actions at BlackRock. His responsibilities included managing corporate action events, dividend processing, reconciliations, and operational controls across global markets. This role contributed to his experience in handling financial operations and supporting processes involving securities and corporate actions. Earlier roles in financial operations. Prior to BlackRock, Tandon worked as Senior Analyst - Corporate Actions at Ameriprise Financial Services, LLC. His earlier responsibilities also included cash analysis and reconciliation, adding to his experience in financial operations. He also spent more than two years at SS&C GlobeOp, where he supported fund accounting and reconciliation services for investment management clients. A new role at BNY. Tandon's appointment as Vice President at BNY marks another stage in a career built across financial services and investment operations. His experience includes corporate action processing, cash and position reconciliation, securities processing, and fund accounting support. His background across BlackRock, Ameriprise Financial Services, and SS&C GlobeOp provides the professional context for his move to BNY, with experience spanning operational processes that support investment management and financial services. 59 eyeballs Work with Indian Conventions Opportunities. Indian Conventions is built on participation rather than broadcast. Put your organisation forward, take the floor at a conference, or place your brand alongside work worth reading.

WellBridge Wealth celebrates Ameriprise Financial being recognized by TIME. Submitted by tim on Fri, 10/23/2026 - 04:07 Vermont Business Magazine As a private wealth advisory practice of Ameriprise Financial, Inc. (NYSE: AMP), WellBridge Wealth is proud to be part of a firm that was recently named the highest-ranked diversified financial services company on TIME's list of "America's Most Iconic Companies" for 2026. This distinction highlights the firm's enduring legacy, industry leadership, and positive impact on clients, advisors, employees and communities nationwide. "Ameriprise strengthens our ability to deliver meaningful and comprehensive financial guidance to our clients," said Seth Blanchard, Ameriprise Private Wealth Advisor. "The firm's longstanding commitment to innovation and client-first philosophy closely aligns with our own values. We are proud to be part of a firm recognized for its trusted leadership and enduring impact across the industry." The TIME "America's Most Iconic Companies" ranking, developed in partnership with Statista, is based on an independent survey of over 10,000 U.S. residents and more than 100,000 evaluations conducted between July and August 2025. To qualify, companies must be U.S.-founded, headquartered domestically, for-profit, and in operation for at least 10 years, with above-average survey scores. Respondents evaluated companies on their reputation, influence and long-term contributions to American business and culture. The final list highlights 250 organizations that have demonstrated exceptional staying power, innovation, and positive impact over generations. As a private wealth advisory practice, WellBridge Wealth provides financial advice that is anchored in a solid understanding of client needs and expectations and delivered through one-on-one relationships with clients. Their team supports clients across the country providing personalized guidance aligned with their long-term financial goals. For more information, visit their website WellBridge Wealth - Colchester, VT: Ameriprise. About Ameriprise Financial At Ameriprise Financial, Vermont, Inc has been helping people feel confident about their financial future for more than 130 years1. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, Vermont, Inc has the strength and expertise to serve the full range of individual and institutional investors' financial needs. Company founded June 29, 1894 TIME magazine partnered with Statista to recognize America's Most Iconic Companies, chosen based on an independent survey of roughly 10,000 participants. Ameriprise Financial, Inc. was the highest ranked diversified financial services firm in the ranking and its overall ranking was #48 out of 250 companies across all industry sectors. Eligible companies (founded and headquartered in the United States, with a market presence of at least 10 years.) were evaluated from July to August 2025, across several key categories: Recognition and familiarity, cultural significance and impact, emotional connection, resilience, Americanness, presence and legacy. Ameriprise did not pay a fee to be evaluated, but did pay a fee to publicly cite the results. Find more information at https://time.com/7339929/americas-most-iconic-companies/. Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. COLCHESTER, VT - October 2026 - Ameriprise Financial Services, LLC To support vital journalism, access its archives and get unique features like its award-winning profiles, Book of Lists & Business-to-Business Directory, subscribe HERE! Vermont Business Magazine