Sales & Marketing | 04.30.25

Ameriprise Financial's Quarterly Profit Rises on Wealth Management Strength

by: Arasu Kannagi Basil

Ameriprise Financial reported an 8% increase in first-quarter profit, helped by the strength in its wealth management business. Ameriprise's adjusted operating revenue from its advice and wealth management arm rose 9% to $2.78 billion in the quarter ended March 31, primarily due to higher client assets and increased transactional activity. With more baby boomers transitioning into retirement and younger people accumulating wealth, the demand for financial advice has risen.

Read the full article on Reuters