Latest news with #Ameriprise
Yahoo
11 hours ago
- Business
- Yahoo
Ameriprise Financial Welcomes Two Advisors with Over $150 Million in Assets From Commonwealth Financial
Advisors cite personalized support and growth-focused resources at Ameriprise as key factors in their decisions to join MINNEAPOLIS, August 18, 2025--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) recently welcomed two financial advisors to its independent channel with more than $150 million in combined client assets from Commonwealth Financial Network. Chris Theis, CKA®, FPQP®, based in Millsboro, Delaware, and Michael Thomas, based in Hamilton, Montana, separately made the decision to join Ameriprise following Commonwealth's acquisition by LPL Financial. The additions underscore Ameriprise's continued momentum in attracting talented advisors amid industry transitions. Theis joins Ameriprise for greater support and boutique feel Theis, who manages over $100 million in client assets, was looking for a firm that offered strong support and a personalized experience. He found Ameriprise to be the best fit. "I chose Ameriprise because it offers the boutique feel I was looking for, backed by the depth of resources needed to support my practice," said Theis. "The firm's client-centric value proposition also closely aligns with my own approach to serving clients." "The strength of the Ameriprise leadership team also stood out immediately. From the first meeting, it was clear they were experienced, responsive and genuinely invested in helping advisors succeed," Theis added. Theis is joined by Client Service Associate and Operations Lead Kristi Osborn. The team is supported locally by Ameriprise Franchise Field Vice President Athena McGuire and Ameriprise Regional Vice President Thomas North. Practice management and integrated technology draws Thomas to Ameriprise Separately, Thomas joins Ameriprise with over $50 million in client assets. After evaluating 15 firms, Thomas found Ameriprise to be unmatched in professionalism, practice management and technology. "I had reached a point where I needed help managing the growth of my practice," said Thomas. "Ameriprise's practice management team has real experience and a proven track record. Their technology is integrated and client-focused, which means less time on paperwork and more time serving my clients." "Looking ahead, I'm excited to grow my business through practice acquisitions and by hiring junior advisors," added Thomas. "While I've always been a solo advisor, in just a short time at Ameriprise, I've already hired an administrative assistant and expanded my office, thanks to the support and guidance from the firm's transition and practice management teams." "While transitions can be challenging, joining Ameriprise has proven to be the best decision for my practice," said Thomas. Thomas is supported locally by Ameriprise Franchise Field Vice President David Call and Ameriprise Regional Vice President Marcus Ranger. "Chris and Michael are great examples of the kind of advisors who thrive at Ameriprise – those looking for a firm that combines personalized support with the scale and resources to grow their practices," said Brian Mora, Senior Vice President of Experienced Advisor Recruiting at Ameriprise. "Our value proposition is built around helping advisors accelerate growth, deepen client relationships and leverage a robust infrastructure backed by leaders who are deeply invested in their success. We're proud to welcome them to the team." Ameriprise has continued to attract experienced, productive financial advisors, with approximately 1,700 joining the firm in the last 5 years.1 To find out why experienced financial advisors are joining Ameriprise, visit About the Ameriprise Ultimate Advisor Partnership The Ameriprise Ultimate Advisor Partnership offers a differentiated experience for advisors that helps them accelerate growth while delivering an excellent client experience. Combined with the company's culture of support and independence, the Ultimate Advisor Partnership enables advisors to scale their businesses, deepen client relationships and drive referrals for future growth. About Ameriprise Financial At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years2. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. ### 1 Ameriprise Financial Q4 2024 Earnings Release.2 Company founded June 29, 1894 Ameriprise Financial cannot guarantee future financial results. Ameriprise Financial Services, LLC is an Equal Opportunity Employer. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. 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. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. ©2025 Ameriprise Financial, Inc. All rights reserved. View source version on Contacts Allison Harries, Media Sign in to access your portfolio
Business Wire
11 hours ago
- Business
- Business Wire
Ameriprise Financial Welcomes Two Advisors with Over $150 Million in Assets From Commonwealth Financial
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) recently welcomed two financial advisors to its independent channel with more than $150 million in combined client assets from Commonwealth Financial Network. Chris Theis, CKA ®, FPQP ®, based in Millsboro, Delaware, and Michael Thomas, based in Hamilton, Montana, separately made the decision to join Ameriprise following Commonwealth's acquisition by LPL Financial. The additions underscore Ameriprise's continued momentum in attracting talented advisors amid industry transitions. Theis joins Ameriprise for greater support and boutique feel Theis, who manages over $100 million in client assets, was looking for a firm that offered strong support and a personalized experience. He found Ameriprise to be the best fit. 'I chose Ameriprise because it offers the boutique feel I was looking for, backed by the depth of resources needed to support my practice,' said Theis. 'The firm's client-centric value proposition also closely aligns with my own approach to serving clients.' 'The strength of the Ameriprise leadership team also stood out immediately. From the first meeting, it was clear they were experienced, responsive and genuinely invested in helping advisors succeed,' Theis added. Theis is joined by Client Service Associate and Operations Lead Kristi Osborn. The team is supported locally by Ameriprise Franchise Field Vice President Athena McGuire and Ameriprise Regional Vice President Thomas North. Practice management and integrated technology draws Thomas to Ameriprise Separately, Thomas joins Ameriprise with over $50 million in client assets. After evaluating 15 firms, Thomas found Ameriprise to be unmatched in professionalism, practice management and technology. 'I had reached a point where I needed help managing the growth of my practice,' said Thomas. 'Ameriprise's practice management team has real experience and a proven track record. Their technology is integrated and client-focused, which means less time on paperwork and more time serving my clients.' 'Looking ahead, I'm excited to grow my business through practice acquisitions and by hiring junior advisors,' added Thomas. 'While I've always been a solo advisor, in just a short time at Ameriprise, I've already hired an administrative assistant and expanded my office, thanks to the support and guidance from the firm's transition and practice management teams.' 'While transitions can be challenging, joining Ameriprise has proven to be the best decision for my practice,' said Thomas. Thomas is supported locally by Ameriprise Franchise Field Vice President David Call and Ameriprise Regional Vice President Marcus Ranger. 'Chris and Michael are great examples of the kind of advisors who thrive at Ameriprise – those looking for a firm that combines personalized support with the scale and resources to grow their practices,' said Brian Mora, Senior Vice President of Experienced Advisor Recruiting at Ameriprise. 'Our value proposition is built around helping advisors accelerate growth, deepen client relationships and leverage a robust infrastructure backed by leaders who are deeply invested in their success. We're proud to welcome them to the team.' Ameriprise has continued to attract experienced, productive financial advisors, with approximately 1,700 joining the firm in the last 5 years. 1 To find out why experienced financial advisors are joining Ameriprise, visit About the Ameriprise Ultimate Advisor Partnership The Ameriprise Ultimate Advisor Partnership offers a differentiated experience for advisors that helps them accelerate growth while delivering an excellent client experience. Combined with the company's culture of support and independence, the Ultimate Advisor Partnership enables advisors to scale their businesses, deepen client relationships and drive referrals for future growth. About Ameriprise Financial At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years 2. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. ### 1 Ameriprise Financial Q4 2024 Earnings Release. 2 Company founded June 29, 1894 Ameriprise Financial cannot guarantee future financial results. Ameriprise Financial Services, LLC is an Equal Opportunity Employer. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP ® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP ® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. 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. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. ©2025 Ameriprise Financial, Inc. All rights reserved.
Canada News.Net
07-08-2025
- Business
- Canada News.Net
U.S. stock markets sputter but techs eke out decent gain
NEW YORK, New York - U.S. stocks fell Thursday, a day after recording strong gains. It has been a volatile week for U.S. stock markets as sentiment has shifted from positive to negative on a daily basis., particularl;y this week as President Donald Trump's new tariff world took shape, although he is still hiking new tariffs on selected goods and countries. "There's a lot to digest around tariffs and trade right now, and usually when you see a lot of complication around a macro environment that's not immediately negative to the economy or profits, the market … puts it to the side," Anthony Saglimbene, Ameriprise chief market strategist told CNBC Thursday. "The market is just kind of concentrating on what it can discount right now, which is still a firm economic backdrop and strong earnings." The firm economic backdrop took a slight dent on Thursday with the latest jobless claim figures. "In the week ending August 2, the advance figure for seasonally adjusted initial claims was 226,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 218,000 to 219,000. The 4-week moving average was 220,750, a decrease of 500 from the previous week's revised average. The pre vious week's average was revised up by 250 from 221,000 to 221,250," the U.S. Department of Labor reported Thursday. U.S. Stocks Mixed as Tech Lifts Nasdaq While Dow, S&P 500 Dip In the end, Wall Street delivered a split performance on Thursday, with the Nasdaq Composite notching gains on tech strength while the Dow and S&P 500 edged lower amid lingering economic uncertainty. Key Index Performances Standard and Poor's 500: The benchmark index slipped 5.06 points, or 0.08 percent, to close at 6,340.00, with trading volume reaching 3.104 billion shares. Dow Jones Industrial Average: The blue-chip gauge fell 224.48 points, or 0.51 percent, to 43,968.64, as losses in financial and industrial stocks weighed. Volume totaled 487.791 million shares. NASDAQ Composite: Outperforming its peers, the tech-heavy index climbed 73.27 points, or 0.35 percent, to 21,242.70, buoyed by gains in megacap tech stocks. Volume hit 7.87 billion shares. Market Drivers The Nasdaq's resilience reflected investor optimism around artificial intelligence and semiconductor stocks, while the Dow's drop signaled caution ahead of Friday's key U.S. jobs report. Mixed economic data—including softer-than-expected services sector activity—kept broader market gains in check. On Foreign Exchange Markets Thursday, Pound and Commodity Currencies Gain, Euro Slips The U.S. dollar showed mixed performance in foreign exchange markets on Thursday, with gains against the euro and the yen but losses against the British pound and some commodity-linked currencies. Key Moves in Major Currency Pairs EUR/USD (Euro / US Dollar): The euro weakened slightly, falling 0.08 percent to 1.1649, as traders weighed European economic data. USD/JPY (US Dollar / Japanese Yen): The dollar dipped 0.14 percent against the yen, trading at 147.14, as markets remained cautious ahead of key Japanese inflation figures. GBP/USD (British Pound / US Dollar): Sterling was a standout performer, jumping 0.64 percent to 1.3432, supported by a 25 basis points clip in official interest rates by the Bank of England, in a 5 to 4 vote. . USD/CAD (US Dollar / Canadian Dollar): The greenback edged up 0.08 percent to 1.3750. USD/CHF (US Dollar / Swiss Franc): The dollar gained 0.11 percent against the Swiss franc, reaching 0.8066, as risk sentiment improved slightly. Commodity Currencies Strengthen The Australian and New Zealand dollars both advanced, with: AUD/USD (Australian Dollar / US Dollar) rising 0.16 percent to 0.6512. NZD/USD (New Zealand Dollar / US Dollar) climbing 0.48 percent to 0.5953, its highest level in over a week. Market Outlook Analysts attributed the dollar's mixed performance to shifting expectations on interest rate policies, with the Federal Reserve maintaining a cautious stance while other central banks signal potential shifts. The pound's rally reflected renewed confidence in the UK economy, while the euro remained under pressure amid concerns over Eurozone growth. World Focus: European stock markets surge, Asian stocks edge up, on Thursday Global stock markets delivered a mixed performance on Thursday, with some indices posting gains while others retreated amid varying economic signals. North of the U.S. border, Canada's S&P/TSX Composite declined 159.60 points, or 0.57 percent, to 27,761.27, with energy and materials stocks dragging the index lower. Trading volume reached 220.113 million shares. In Europe, the DAX (Germany) surged 268.14 points, or 1.12 percent, closing at 24,192.50, leading regional gains. France's CAC 40 rose 74.29 points, or 0.97 percent, to 7,709.32, while the EURO STOXX 50 climbed 68.78 points, or 1.31 percent, settling at 5,332.07. The BEL 20 (Belgium) also saw strength, adding 54.11 points, or 1.16 percent, to 4,711.34. However, the UK's FTSE 100 bucked the trend, slipping 63.54 points, or 0.69 percent, to 9,100.77. In Asia, Taiwan's TWSE Index was the standout performer, soaring 556.41 points, or 2.37 percent, to 24,003.77. South Korea's KOSPI advanced 29.54 points, or 0.92 percent, to 3,227.68, while in Hong Kong, the Hang Seng gained 171.00 points, or 0.69 percent, closing at 25,081.63. Singapore's STI Index rose 30.45 points, or 0.72 percent, to 4,258.15. In Japan the Nikkei 225 edged up 264.29 points, or 0.65 percent, to 41,059.15, while China's Shanghai Composite inched higher by 5.67 points, or 0.16 percent, to 3,639.67. However, in Indonesia, the IDX Composite dipped 13.57 points, or 0.18 percent, to 7,490.18. Elsewhere, India's S&P BSE Sensex rose 79.27 points, or 0.10 percent, to 80,623.26, while Malaysia's KLSE gained 7.63 points, or 0.49 percent, to 1,549.11. In the Oceania region, Australia's S&P/ASX 200 declined 12.30 points, or 0.14 percent, to 8,831.40, while the All Ordinaries slipped 9.10 points, or 0.10 percent, to 9,102.00. In New Zealand the NZX 50 saw marginal gains, adding 6.94 points, or 0.05 percent, to 12,887.10. In the Middle EastEgypt'sEGX 30jumped329.20 points, or0.93 percent, to35,809.40,. Israel'sTA125saw a modest increase of2.35 points, or0.08 percent, closing at2,978.76.
Business Wire
07-08-2025
- Business
- Business Wire
Ameriprise Attracts Advisor with More Than $120 Million in Assets for Sophisticated Solutions and Financial Planning Capabilities
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) announced today that financial advisor Vince Abio has joined S&T Financial Services, a financial advisory practice within the Ameriprise Financial Institutions Group (AFIG) located in Chester, Pa. The 28-year industry veteran was previously with Merrill Lynch where he managed more than $120 million in client assets. Abio chose to join Ameriprise and S&T Financial Services, which provides advice and investment services to S&T Bank clients in Pennsylvania and Ohio, after relocating to the East Coast with his wife. The move gave him an opportunity to reflect on the next chapter of his career and explore a new opportunity that would align with his goals and values. 'The combination of Ameriprise and S&T was the perfect fit,' said Abio. 'S&T is a strong, community-focused Bank with a clear vision for their retirement plan business, which is one of my areas of focus. Additionally, Ameriprise provides excellent financial planning capabilities and a trading platform with the scale and capabilities necessary to deliver sophisticated solutions to help my clients meet their goals.' 'The transition has been seamless,' added Abio. 'I'm excited to provide an elevated experience to my existing clients and offer meaningful advice on retirement plans to the local business and philanthropic community.' S&T Bank's investment program, S&T Financial Services, includes a team of 15 financial advisors and four support staff members who help clients manage over $1.4 billion in combined brokerage assets. The Ameriprise Financial Institutions Group team offers the strength and resources of Ameriprise Financial to help banks and credit unions enhance their client/member experience and deepen relationships with advice, financial planning, investment products, technology capabilities, advisor recruiting, coaching and support. To find out why experienced financial advisors and institutions are joining Ameriprise, visit About S&T Bancorp, Inc. and S&T Bank S&T Bancorp, Inc. is a $9.8 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. For more information, visit or About Ameriprise Financial At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years. With extensive investment advice, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors 1, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. 1 Ameriprise Financial Q4 2024 Earnings Release. 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. Ameriprise Financial Services partners with financial institutions to provide investment advisory, brokerage and insurance services to their clients. This is a contractual relationship, which earns the financial institution compensation from Ameriprise for successful referrals. In most cases, the financial institution also receives a majority of the commissions and fees generated by Ameriprise financial advisors for the services noted above. This applies as long as the referred client maintains a relationship with Ameriprise. Non-licensed employees of the financial institutions may receive incentives from their employer for referring clients to Ameriprise. These incentives create a conflict of interest. Ameriprise Financial cannot guarantee future financial results. S&T Financial Services is a financial advisory practice of Ameriprise Financial Services, LLC. Ameriprise Financial and S&T Bank are not affiliated. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2025 Ameriprise Financial, Inc. All rights reserved.
Yahoo
24-07-2025
- Business
- Yahoo
Ameriprise Financial's quarterly profit rises on higher fee income
(Reuters) -Asset and wealth manager Ameriprise Financial reported a 28% rise in its second-quarter profit on Thursday, as a late-quarter market rally boosted the value of its fee-generating assets to a record high. After a turbulent start to the quarter because of U.S. President Donald Trump's shifting tariffs, the markets regained poise on hopes of a softer trade policy and positive macroeconomic data. Ameriprise's assets under management, administration and advisement came in at $1.58 trillion during the three months ended June 30, up 9% from a year ago. "While markets were volatile in the quarter, client activity remained strong," chairman and CEO Jim Cracchiolo said in a statement. Assets under management and the fees earned by managers depend on two factors - money flowing in and out of the funds and the performance of investments. Ameriprise's management and financial advice fees rose 6% to $2.6 billion during the second quarter, while its net investment income dropped 3% to $891 million. Total client assets at its advice and wealth management business, which primarily targets high net-worth households with $500,000 to $5 million in investable assets, grew to $1.08 billion from $972 million a year earlier. However, the unit posted a 35% fall in quarterly net flows. Rival BlackRock also reported a fall in long-term net inflows last week, after a major Asian institutional client pulled money from an index strategy. Ameriprise's second-quarter profit rose to $1.06 billion, or $10.73 per share, compared with $829 million, or $8.02, a year earlier. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
