Ameriprise Financial Reports Record Growth and Client Satisfaction in Q4 2024

Ameriprise Financial Achieves Record Growth and Client Satisfaction in Q4 2024

Ameriprise Financial, Inc. demonstrates remarkable financial performance in its fourth quarter of 2024, showcasing significant growth across key metrics. The company reports a GAAP net income per diluted share soaring to $10.58, a substantial leap from $3.57 in the same quarter last year. For the full year, the GAAP net income per diluted share reaches $33.05, up from $23.71 in 2023. This impressive performance is complemented by adjusted operating earnings, which rise 23 percent in Q4 to $9.54 and 17 percent for the full year to $35.79, excluding specific expenses. These results reflect Ameriprise’s effective navigation through shifting market conditions and its commitment to delivering a strong client experience.

The company’s assets under management, administration, and advisement also witness robust growth, increasing by 10 percent to $1.5 trillion. This growth is primarily attributed to $35 billion in net client inflows over the past year, signaling strong demand for its investment advisory services. Adjusted operating net revenues rise by 13 percent, driven by both asset growth and heightened transactional activity. Furthermore, Ameriprise maintains a pretax adjusted operating margin of 27 percent and an extraordinary adjusted operating return on equity of 53 percent, underscoring its operational efficiency and profitability.

CEO Jim Cracchiolo highlights the record client inflows into fee-based investment advisory accounts as a testament to the company’s successful strategic initiatives. Ameriprise Financial also receives recognition from Forbes as one of “America’s Best Companies” for 2025, affirming its standing in the financial services sector. The company’s commitment to shareholder value is reflected in its decision to return $768 million to shareholders in the fourth quarter and $2.8 billion for the entire year. With a strong balance sheet and free cash flow, Ameriprise is well-positioned to continue its trajectory of growth while enhancing client satisfaction.

In addition to its impressive financial results, Ameriprise Financial announces a quarterly cash dividend of $1.48 per common share, payable on February 28, 2025. This decision underscores the company’s dedication to providing value to its shareholders. With over 10,000 financial advisors across the nation, Ameriprise remains committed to addressing the diverse financial needs of both individual and institutional investors.

As a leader in financial planning and management, Ameriprise Financial continues to focus on delivering tailored solutions aimed at enhancing clients’ financial well-being. The company’s well-established history and forward-looking strategy position it as a trusted partner for clients navigating the complexities of the financial landscape.