Key facts
- Ameriprise Financial's second-quarter profit rose to $1.11 billion, or $11.98 per share.
- Management and financial advice fees increased 18% to $3.06 billion.
- Total client assets in its advice and wealth management business grew 15% to $1.2 trillion.
- Assets under management, administration, and advisement reached $1.8 trillion, up 14% year-over-year.
Ameriprise Financial reported a rise in its second-quarter profit, driven by a market rally that boosted the value of its fee-generating assets. The company's assets under management, administration, and advisement reached $1.8 trillion, a 14% increase from the previous year. Management and financial advice fees grew by 18% to $3.06 billion, while net investment income remained relatively flat at $893 million. Client assets within the advice and wealth management business saw a 15% increase, totaling $1.2 trillion. The company's second-quarter profit was $1.11 billion, or $11.98 per share, up from $1.06 billion, or $10.73 per share, in the same period last year. Ameriprise's shares have gained over 7% in 2026, underperforming the S&P 500 index.