Ameriprise Financial reported a strong third quarter with significant year-over-year growth in assets and earnings, reflecting robust operational resilience amid a fluctuating market environment.
- Assets under management reached a new high of $1.7 trillion, marking an 8% year-over-year increase.
- Earnings per share (EPS) grew 12%, contributing to a firm-wide margin of 27%.
- The advisor count increased, demonstrating strong productivity with a 10% rise, while 90 experienced advisors were recruited in the quarter.
- Ongoing digital investments have driven record client engagement and satisfaction, notably through enhancements in their mobile app.
- Enhanced product offerings, including the successful launch of the Signature Wealth platform and new banking services, position the firm for sustainable growth.
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