Ameriprise Posts 10% Quarterly Profit Gain as Client Assets Reach Record $1.7 Trillion
Ameriprise Financial reported a 10% increase in fourth-quarter profit as markets buoyed by AI enthusiasm, easing interest rates and steady growth pushed its assets under management, administration and advisement to a record $1.7 trillion. Management and financial advice fees rose, net investment income remained solid, and the firm returned more tha…