|Last Price$89.52||Day Change (%)-1.49%|
|Open Price$90.96||Day Change ($)-1.35|
|Day Range89.58–91.02||52-Week Range76.00–120.29|
As of Fri 10/28/2016 11:20:00 AM | USD
CEO says the commission model, which will require more compliance work on the company's part, serves both clients and advisers well. (More: The most up-to-date information on the DOL fiduciary rule )
Its growing prominence in wealth management is responsible for the rating increase.
Ameriprise Financial has hired three financial advisors from UBS, Raymond James Morgan Keegan, and HSBC.
Columbia's been through deals before, but the Ameriprise union is a biggie.
Plus, Ameriprise wins fee battle, Franklin Templeton prevails in market-timing case, and more.
The broker wired funds to a business account to pay himself a higher salary, unearned commissions.
Columbia Threadneedle has made strides toward a unified global brand but lacks the track record of a long-term dedication to shareholders' best interests.
The insurer joins other firms such as Fidelity Investments and Ameriprise Financial in settling allegations over excessive 401(k) fees in their own company plans.
Ameriprise Financial Services rep altered and backdated client notes, the regulator said.
Deal with Ameriprise could mark the end of the line for John Sykes, who, at one time, hoped to build a brokerage to rival Raymond James.