|By Jennifer Bjorhus, Star Tribune (Minneapolis)|
|McClatchy-Tribune Information Services|
Ameriprise executives will discuss the results Tuesday morning.
"Ameriprise delivered another strong quarter," CEO
Shares were up in after-hours trading.
One of the country's largest branded broker-dealers, Ameriprise has a battalion of financial advisers competing with the likes of
The investment services provider now manages assets of
The company's board authorized the repurchase of an additional
Ameriprise said asset growth and client activity drove its adviser productivity up 15 percent, to operating net revenue of
The company is expecting a second-quarter boost from the
Ameriprise's asset management unit, which includes the Columbia and Threadneedle brands, saw operating pretax profits grow 33 percent to
(c)2014 the Star Tribune (Minneapolis)
Visit the Star Tribune (Minneapolis) at www.startribune.com
Distributed by MCT Information Services