Record Growth in Assets Under Management
Assets under management grew to $1.5 trillion, a 7% increase in client assets to $1 trillion, with strong client flows of $10.3 billion.
Strong Earnings and Return on Equity
Earnings were up 8% with EPS increasing by 13%. The return on equity excluding AOCI remains best in class at 52%.
Significant Growth in Wealth Management
Wrap flows grew 34% to $8.7 billion, representing a 6% annualized flow rate in the quarter. Total wrap assets grew to $573 billion, up 10%.
Technology Innovation and Awards
Ameriprise Financial, Inc. received the February 2025 technology innovation award from the Bank Insurance and Securities Association for an adviser practice tech platform.
Increase in Productivity and Adviser Recruitment
Adviser productivity increased 12% to approximately $1.1 million per adviser, with 82 experienced advisers joining Ameriprise Financial, Inc.
Capital Return to Shareholders
Returned $765 million to shareholders through dividends and share repurchase program, with an 8% increase in dividend and a new $4.5 billion share repurchase authorization.