Ameriprise reported that assets under management, administration, and advisement reached $1.8 trillion by the end of June, marking a 14% increase compared to the same period last year. This growth is directly tied to the performance of underlying investments and steady client inflows. Consequently, management and financial advice fees jumped 18% to $3.06 billion, providing a significant boost to the company's quarterly performance.
While fees surged, other revenue streams showed less volatility. Net investment income remained largely stagnant at $893 million. Within the advice and wealth management division, total client assets climbed 15% to $1.2 trillion. Despite these gains, the company's shares have risen just over 7% in 2026, trailing the performance of the benchmark S&P 500 index.
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