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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> advisor productivity

Ameriprise Financial net revenues remain strong

Posted by RJ and Makay on Oct 27, 2011

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Ameriprise logoAmeriprise Financial (AMP) announced yesterday that Q3 2011 net income from continuing operations was $271 million, or $1.12 per share, compared to $346 million, or $1.33, in the year ago period.  Operating net revenues, however, rose to $2.5 billion from $2.3 billion a year ago, driven by double-digit growth in management and distribution fees, the company said.