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https://www.barrons.com/advisor/articles/ameriprise-financial-earnings-stock-wealth-management-31363a6a

Wealth Management Is the Engine Behind Ameriprise Financial’s Strong Results

By
Andrew Welsch
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Ameriprise Financial’s wealth management business is driving better-than-expected performance at the company, which reported second-quarter results this week. Its asset management business is another story.

CEO Jim Cracchiolo said Thursday that the wealth management business is benefiting as its advisors successfully woo new clients with $500,000 to $1 million in investible assets, an important demographic for Ameriprise (ticker: AMP). 

“We’re...

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