![]() ![]() Even with my negative view of the company in my last article, AMP's ability to consistently grow its revenues and profits over time has never been in question.īut the core for my investing is always What price am I paying, and what am I getting? Furthermore, AMP has very consistent historical growth. Rowe ( TROW), and others, even including Swiss banks such as Julius Baer. This includes peers like BlackRock ( BLK), Blackstone ( BX), Investor ( OTCPK:IVSXF), T. How do I know this?īecause Ameriprise Financial, in terms of the ever-important Return on Equity, is at the 98th percentile in terms of asset management companies. Its history is short - prior to 2005, it was actually, believe it or not, a division of American Express ( AXP) but was spun off at this point to become its own entity.Īnd this journey has gone really quite excellent. The lion's share of the company's profitable operations is centered around wealth management. It's also one of the largest broker-dealers based on AUM, and this set of offerings included, when I started writing on AMP, wealth management, asset management, insurance annuities, and estate planning. It's one of the Fortune-500 companies, and the largest banks and finance companies across the United States, as well as the world. Updating on Ameriprise Financial - The results were good, let's look forward to the valuation So, with that out of the way - let's get back into it. Why?īecause Ameriprise Financial is down 12.08% since the time, with the S&P essentially flat. This was exactly the right choice to make at the time. ![]() My recent article detailed why I considered AMP a hold. Hence, why I am an active manager of my investments - not a "Buy and Hold" forever investor. the capital I've invested since selling has multiplied even more than the variance between my RoR and the RoR you see above. Seeking Alpha article (Seeking Alpha AMP) While the total RoR since my initial COVID-19 article is higher at this time including dividends. When I sold, my RoR for the final portion was over 170% total RoR. The company was in fact one of my original Coronavirus discounts. I've been covering and making money with this company for years. was founded in 1894 and is headquartered in Minneapolis, Minnesota.Ameriprise Financial ( NYSE: AMP) is a great company - absolutely no doubt about that, let me assure you. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. The Protection segment offers various products to address the protection and risk management needs of retail clients, including life, disability income, and property casualty insurance through advisors and affinity relationships. The Annuities segment provides variable and fixed annuity products to individual clients through affiliated and unaffiliated advisors, and financial institutions. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property funds. The Asset Management segment offers investment management and advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third party financial institutions and institutional sales force. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. RBC Capital Mkts: Outperform → Sector PerformĪmeriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. RBC Capital Mkts: Sector Perform → Outperform Morgan Stanley: Overweight → Equal-Weight ![]()
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