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Ameriprise Financial offers a range of investment services, including financial planning, investment management, and retirement planning. Their financial advisors work with clients to create customized plans tailored to their individual needs.
Ameriprise Financial has received high ratings from industry organizations, including a 4.5-star rating from the Better Business Bureau (BBB). This suggests a high level of customer satisfaction with the company's services.
Their investment services include a variety of products, such as mutual funds, exchange-traded funds (ETFs), and annuities. These products can be used to help clients achieve their long-term financial goals.
Ameriprise Financial has a large network of financial advisors, with over 10,000 advisors across the US. This makes it easy for clients to find a local advisor who can help them with their financial planning needs.
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Analyst Ratings
Ameriprise Financial has received recent analyst ratings from top firms. Alexander Blostein of Goldman Sachs has a Buy rating with a price target of $452.00.
Several analysts have made adjustments to their ratings and price targets. Michael Cyprys of Morgan Stanley raised his rating to Equal-Weight with a price target of $383.00, up from $365.00. Nigel Dally of Morgan Stanley also raised his rating to Equal-Weight with a price target of $365.00, up from $360.00.
Kenneth Lee of RBC Capital maintains an Outperform rating with a price target of $410.00. Here is a summary of the recent analyst actions:
Analyst Ratings Breakdown
Let's break down the analyst ratings for Ameriprise Finl. Analyst Alexander Blostein from Goldman Sachs recently announced a Buy rating with a price target of $452.00.
One analyst, Michael Cyprys from Morgan Stanley, recently raised his rating to Equal-Weight with a price target of $383.00, up from $365.00.
Another Morgan Stanley analyst, Nigel Dally, also raised his rating to Equal-Weight with a price target of $365.00, up from $360.00.
RBC Capital's Kenneth Lee maintains an Outperform rating with a price target of $410.00.
Here's a summary of the recent analyst actions:
Similar Brands
If you're looking for alternatives to Ameriprise Financial, you might want to consider First Investors Corporation, which offers investment services and financial planning.
First Investors Corporation has a long history, dating back to 1964, and has a strong reputation in the industry.
David Lerner Associates is another option, known for its investment advice and portfolio management services.
mBank is a smaller financial institution that offers a range of financial services, including investment and wealth management.
Financial Engines is a well-established company that provides investment advice and portfolio management services to individuals and institutions.
Associated Asset Management offers investment services and financial planning, with a focus on helping clients achieve their long-term financial goals.
Putnam Investments has a wide range of investment products and services, making it a good option for those looking for a one-stop shop.
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Company Overview
Ameriprise Financial has a rich history dating back to 1894, when it was founded as Investors Syndicate.
The company has undergone significant changes over the years, including name and ownership changes, as well as acquisitions of other companies such as H&R Block Financial Advisors and Threadneedle.
Ameriprise Financial has a large presence in the US market, with around $1.3 trillion in total assets under management and advisement as of the second quarter of 2023.
The company's revenue is primarily generated from its asset and wealth management segments, accounting for about 80% of its revenue.
Ameriprise Financial Services has a significant network of branded advisors, and its pretax earnings are largely derived from the US market, with around 90% coming from the country.
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Get to Know
Ameriprise Financial is a major player in the U.S. market for asset and wealth management, with around $1.3 trillion in total assets under management and advisement.
The company has one of the largest branded advisor networks in the industry.
About 80% of Ameriprise's revenue comes from its asset and wealth management segments.
Ameriprise has reduced its exposure to insurance by selling its auto and home insurance business in 2019.
The company also discontinued the sale of its proprietary fixed annuities in 2020.
Around 90% of Ameriprise's pretax earnings are from the United States.
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Services Background
Ameriprise Financial Services has a rich history dating back to 1894, when it was founded as Investors Syndicate.
The company has undergone significant changes over the years, including name changes and acquisitions. In 2019, Ameriprise sold its auto and home insurance business, and in 2020, it discontinued the sale of its proprietary fixed annuities.
Ameriprise is now one of the largest branded advisor networks in the industry, with around 80% of its revenue coming from its asset and wealth management segments.
Ameriprise's history is marked by strategic acquisitions, including H&R Block Financial Advisors, J. & W. Seligman, Columbia Management, Dynamic Ideas, and Threadneedle.
Ameriprise is a major player in the U.S. market for asset and wealth management, with around $1.3 trillion in total assets under management and advisement at the end of the second quarter of 2023.
Here's a brief overview of Ameriprise's revenue compared to its competitors:
Ameriprise's advisors offer a range of financial services, including asset allocation, ongoing portfolio management, and financial planning.
Services and Fees
Ameriprise Financial offers a range of financial services, including asset allocation, ongoing portfolio management services, and financial planning.
Their fees vary depending on the service, but they list annual account maintenance and custodial fees between $10 and $100, a $39.95 fee per no-load mutual fund, and a $30 legal transfer fee.
Ameriprise may waive account maintenance and custodial fees under certain conditions.
The company offers various investment programs, including Strategic Portfolio Service (SPS) Advantage, SPS Advisor, Active Portfolios, and more. These programs have different fee structures, but most have an annual wrap fee of 2% of managed assets.
Financial planning services have a minimum annual fee of $500, which can be negotiable, and a minimum $50/month fee. The fee also depends on the advisor's experience, credentials, and the complexity of your needs.
Here is a summary of the fees for Ameriprise Financial's managed account programs:
Services Offered by
Ameriprise Financial Services offers a wide range of financial services, including asset allocation, ongoing portfolio management, and financial planning.
Their advisors can sell financial and insurance products, earning a commission from the vendor. This can be a good option for those who want to simplify their financial planning and management.
Ameriprise offers several investment programs, which they call "Advisory Solutions". These programs include:
These investment programs can be a great way to manage your investments, but it's essential to choose the right one for your needs.
Fees Under
Ameriprise Financial Services charges an annual wrap fee of 2% of managed assets for all managed account programs.
The annual wrap fee is a flat 2% of managed assets, which can add up quickly if you have a large investment portfolio.
For Select Separate Account, Vista Separate Account, Investor Unified Account, and Access Account programs, there are additional fees to consider. These include a manager fee, which ranges from 0.1% to 0.8%, and a platform fee of 0.17%.
The SPS Advisor Program also comes with an investment and infrastructure support fee of 0.03%.
Broaden your view: Private Wealth Management Programs
Here's a breakdown of the fees associated with these programs:
For financial planning services, fees depend on several factors, including your advisor's years of experience and the complexity of your needs.
Frequently Asked Questions
Is it safe to invest with Ameriprise?
Your investments with Ameriprise are safeguarded by regulatory oversight and robust online security measures
Sources
- https://markets.businessinsider.com/news/stocks/expert-outlook-ameriprise-finl-through-the-eyes-of-4-analysts-1032939844
- https://www.ameriprise.com/financial-planning/why-choose-ameriprise/ameriprise-financial-reviews-and-ratings
- https://www.yelp.com/brands/ameriprise-financial
- https://www.consumeraffairs.com/finance/ameriprise.html
- https://smartasset.com/financial-advisor/ameriprise-financial-services-review
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