Ameriprise Financial Inc

**Strong Financial Performance**: Ameriprise reported a 22% increase in assets under management and administration to $1.5 trillion. Adjusted operating net revenue grew 11% to $4.4 billion, with earnings per share increasing by 17% (excluding severance expenses). Return on equity (ROE) for the quarter reached 50.7%, compared to 49.6% a year ago, demonstrating robust profitability.

**Wealth Management Growth**: Total client assets in Wealth Management reached a record high of $1 trillion, up 26% year-over-year. Notably, net inflows of $8.6 billion in the quarter and significant growth in fee-based investment advisory wrap flows (up nearly 50% to $8 billion) reflect strong demand and adviser productivity, which increased by 11% to nearly $1 million per adviser.

**Strategic Bank Expansion**: The bank's assets grew 7% YoY to over $23 billion, with additional plans for launching new savings and lending products in 2025. This positions Ameriprise to further capture and convert client cash balances into invested assets, enhancing profitability.