IVZ - Ameriprise Financial: Good Business Strategy But Little Upside Ahead

2024-05-29 16:17:17 ET

Summary

• Ameriprise has an interesting business mix geared to advisory & wealth management.
• Its recent operating performance has been positive, supported by the wealth management segment.
• Despite this backdrop, its current valuation is fair compared to its history and peers.

Ameriprise Financial ( AMP ) has an interesting profile in the financial services sector, focusing its growth strategy in the advisory & wealth management segment. This has supported its recent growth, but this seems to be already reflected in its valuation.

Ameriprise Business Profile

Ameriprise Financial is a financial services company offering several products within the industry, including mutual funds, savings, and annuities, insurance, beyond others. It operates under a multi-brand approach, which includes Ameriprise Financial, Columbia Threadneedle Investments and RiverSource....

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