Ameriprise Reports a Fairly Good 1Q and May Have a New Use for Capital
Ameriprise reported a fairly good first quarter and may have a new use of capital in the next year. The company reported net income of $594 million, or $3.91 per diluted share, on $3.2 billion of net revenue in the first quarter of 2018. On an operating basis that primarily excludes the effect of model assumption changes for the company’s insurance and annuity businesses, operating earnings were $563 million, or $3.73 per share, compared with $432 million, or $2.70 per share, a year ago. General...Ameriprise Financial is a holding company. Through its subsidiaries, the company provides a range of products and services to individual and institutional clients. The company's segments are: Advice and Wealth Management, which provides financial planning and advice, as well as brokerage services, to retail clients through its advisors; Asset Management, which provides investment management, advice and products to clients through the Columbia Threadneedle Investments? brand; Annuities, which provides variable and fixed annuity products to clients; and Protection, which provides products to address the protection and risk management needs of the company's retail clients including life, disability income insurance.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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