Ameriprise Financial Advisor Teams Recognized by Forbes

Ameriprise Financial, Inc. (NYSE: AMP) has earned a significant recognition with 427 of its financial advisor teams being named to the Forbes list of Best-in-State Wealth Management Teams. This achievement highlights the firm's commitment to quality, success, and community involvement, which are key factors in the rankings. The recognition demonstrates Ameriprise's ability to deliver high-quality financial advice and services, attracting more clients and advisors to the firm. Additionally, the positive press and media coverage associated with this recognition further boosts Ameriprise's brand value and visibility in the market.

The recognition of 427 Ameriprise Financial advisor teams on the Forbes Best-in-State Wealth Management Teams list significantly enhances the company's reputation and brand value in the long term. This achievement demonstrates the firm's commitment to quality, success, and community involvement, which are key factors in the rankings. The recognition highlights Ameriprise's ability to deliver high-quality financial advice and services, attracting more clients and advisors to the firm. Additionally, the positive press and media coverage associated with this recognition further boosts Ameriprise's brand value and visibility in the market. As Bill Williams, Executive Vice President and President of the Ameriprise Independent Advisors channel, stated, "These top teams share a passion for delivering the highest level of service to clients, grounded in sound financial advice and tailored for their goals." This recognition serves as a testament to Ameriprise's dedication to excellence and helps solidify the firm's position as a leader in the wealth management industry.

The key factors contributing to the success of these Ameriprise Financial advisor teams are:

1. Quality of Practices: The advisor teams are recognized for the quality of their practices, which likely includes a strong focus on client needs, personalized financial plans, and effective investment strategies.
2. Success in Business: The teams have demonstrated success in their business, as indicated by their growth in assets under management and administration, as well as client net inflows. This success can be attributed to their ability to attract and retain clients, as well as their capacity to generate referrals.
3. Community Involvement: The advisor teams are actively involved in their communities, which helps to build trust and strengthen relationships with clients and potential clients. This involvement can take various forms, such as volunteering, sponsorships, or supporting local initiatives.

To drive further growth and client satisfaction, Ameriprise Financial can leverage these factors by:

1. Continuing to Invest in Advisor Development: The company can invest in training and development programs to help advisors enhance their skills and knowledge, ultimately leading to better client outcomes and increased client satisfaction.
2. Encouraging Community Involvement: Ameriprise can foster a culture of community involvement by providing resources and support for advisors to engage with their local communities. This can help to build the company's reputation and attract new clients.
3. Focusing on Client-Centric Practices: By emphasizing the importance of personalized financial plans and effective investment strategies, Ameriprise can help its advisors maintain a strong focus on client needs. This can lead to increased client satisfaction and loyalty, as well as positive word-of-mouth referrals.
4. Leveraging Technology and Innovation: Ameriprise can invest in tools and technology that enable advisors to be more productive and better serve their clients. This can include digital platforms, data analytics, and other innovative solutions that enhance the client experience and drive growth.



The shift towards fee-based, lower capital-intensive financial advice and asset management businesses at Ameriprise Financial has significantly enhanced its competitive position and future prospects. This strategic move has allowed the company to unlock excess capital, which it has used to return significant amounts to shareholders. Over the past five years, Ameriprise has returned $11.9 billion to shareholders, demonstrating its commitment to capital allocation and shareholder value creation.

This shift has also enabled Ameriprise to attract and retain financial advisors, providing them with tools and technology that allow them to be more productive and better serve their clients. As a testament to its success, the company boasted a record 21 advisors ranked in the most recent Barron's Top 100 Independent Financial Advisors list. This recognition highlights the company's ability to foster a supportive environment for its advisors, which in turn benefits its clients and the company's overall growth prospects.

Moreover, the diversified model and strong balance sheet of Ameriprise Financial should allow it to continue investing for future business growth while returning capital to shareholders over the long term. This combination of strategic focus, strong financial performance, and commitment to shareholder value creates a compelling case for Ameriprise's competitive position and future prospects.