MINNEAPOLIS – March 19, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) (“the company”) announced today that its insurance subsidiary, RiverSource Life Insurance Company, has entered into an agreement with Commonwealth Annuity and Life Insurance Company, a subsidiary of Global Atlantic Financial Group, to reinsure approximately $1.7 billion of fixed annuity policies sold through third parties, which is approximately 20 percent of the company’s in force fixed annuity account balances.
Global equity markets finally succumbed to the worry that economic activity is slowing. A lower growth target in China was followed by a sharp downgrade of growth expectations in the Eurozone by the European Central Bank (ECB), and a shockingly small gain in new jobs in the U.S. Taken together it was enough to push some investors to the sidelines, eager to take their profits from the rally off the December low, and wait for greater clarity on the economic outlook. It didn’t help that there was little news regarding the U.S.-China trade negotiations, causing speculation that progress had slowed. For the week, the MSCI All Country World index fell 2.1 percent, its first weekly loss in the past four, and just the second this year. Notably, the index fell on each of last week’s trading sessions and has now fallen in eight of the past nine. The same is true of the S&P 500.
Minneapolis – (March 8, 2019) – Ameriprise Financial (NYSE: AMP) today released a new television ad that demonstrates the firm’s commitment to helping clients feel confident, connected and in control of their financial lives. The launch of the new 30-second spot, titled “Trust,” coincides with International Women’s Day. “Trust” depicts a woman reflecting on her long and trusted relationships with the women in her inner circle. Among this group is the woman’s Ameriprise advisor, Beth, who was referred to her by one of her closest friends. The spot conveys how Ameriprise advisors cultivate trusted relationships with their clients – by taking the time to understand what’s most important to them, and offering comprehensive advice and solutions to help them achieve their financial goals.