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SEC settlement ends saga for former Ameriprise exec who aided SAC Capital insider case
A former Ameriprise Financial Inc. money manager who pleaded guilty to securities fraud must pay $390,103, a figure roughly equal to the gains regulators said her funds earned based on an insider tip about Yahoo.Law enforcement officials said Reema D. Shah, a tech-stock picker for Ameriprise
Raymond James, Ameriprise deliver higher profits, helped by adviser growth, wealth management
Raymond James and Ameriprise reported double-digit profit gains, with Raymond James posting record quarterly net income. Here's how they did it.
Ex-Ameriprise adviser pleads guilty to stealing nearly $1 million
Susan Walker admitted to accusations she used $980,000 of client assets to pay for personal expenses, including vacations and private school tuition.
Ameriprise advice unit reports 29% increase in pretax profit
Ameriprise Financial Inc.'s advice and wealth management unit reported pretax operating earnings of $194 million for the three months ended in June, an increase of 29% over the same period last year. The increase reflected “robust revenue growth and expense controls,” the company said in a
Ameriprise ordered to deliver Columbia funds chief's journals to ex-staff
In Ameriprise case, federal judge rules chief executive of the firm's mutual fund unit must hand over documents in lawsuit over retirement plan's use of proprietary funds.
Indie reps happier at work than employee advisers: J.D. Power
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. See how your firm ranks
2Q a mixed bag for big firms
The second quarter was a mixed bag for three financial services industry giants that posted earnings last week. Fighting bond market head winds, Raymond James Financial Inc. posted modest profit gains for its fiscal third quarter ended June 30, just missing analyst estimates. Net revenue of $1.11
Five IBDs in $7M settlement over nontraded-REIT sales
Sales of nontraded real estate investment trusts once again have come under the scrutiny of securities regulators as William Galvin, the secretary of the Commonwealth of Massachusetts, last week announced settlements with five leading independent broker-dealers to make $6.1 million in restitution
Ameriprise 401(k) lawsuit set for January court date
Ameriprise workers filed suit in 2011, claiming firm profited from costly plan options
Can ETFs plug the river of outflows at Columbia Funds?
Fund firm plans to offer 17 active exchange-traded funds; weighed down by sagging interest in mutual funds
Two Ameriprise advisers traded on info gleaned from AA meeting: SEC
The SEC claims two Ameriprise advisers made a killing by trading on inside information about an upcoming merger. Where did they come across the info? At an Alcoholics Anonymous meeting, says the commission.
Guggenheim said to weigh bid for Deutsche Bank's fund biz
Guggenheim Partners LLC is among the companies preparing to bid for Deutsche Bank AG's asset-management divisions.
Ameriprise eyes recruiting boost from 'wirehouse fatigue'
Despite a tumultuous year, Ameriprise shifted into 'aggressive growth mode' with a 40% hike in recruiting.
Ameriprise workers sue over company's own 401(k) funds
Claim employer put retirement assets in proprietary funds that incurred $20M in excess costs
New Ameriprise commercials take more conservative tone
Tommy Lee Jones is Ameriprise Financial's new pitchman in ads that take a more conservative tone