Ameriprise Financial

Tri-Continental Corporation Declares First Quarter Distribution

Retrieved on: 
Friday, March 1, 2024

Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock.

Key Points: 
  • Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock.
  • The $0.2560 per share ordinary income distribution on the Common Stock is in accordance with the Corporation’s distribution policy.
  • The Corporation’s current distributions (as estimated by the Corporation based on current information) are from the earnings and profits of the Corporation.
  • No amount of the Corporation’s current distribution consists of a return of capital (i.e., a return of some or all of your original investment in the Corporation).

Columbia Threadneedle Enters CLO Equity Investment Agreement with Jefferies-led Consortium

Retrieved on: 
Monday, February 26, 2024

Columbia Threadneedle Investments (“Columbia Threadneedle”) today announced that it has entered into a strategic investment agreement to grow its CLO platform with a consortium of investors arranged by Jefferies (“the Consortium”) that includes Columbia Threadneedle’s parent company, Ameriprise Financial.

Key Points: 
  • Columbia Threadneedle Investments (“Columbia Threadneedle”) today announced that it has entered into a strategic investment agreement to grow its CLO platform with a consortium of investors arranged by Jefferies (“the Consortium”) that includes Columbia Threadneedle’s parent company, Ameriprise Financial.
  • The Consortium will commit equity capital that will support the issuance of multiple CLOs over the next several years.
  • The agreement builds on an established relationship between Jefferies and Columbia Threadneedle’s CLO platform and will support a model for CLO formation designed to establish Columbia Threadneedle as a serial CLO issuer and further grow its fixed income franchise.
  • Columbia Threadneedle manages over $238 billion in fixed income assets across a range of single and multi-sector strategies.

Rhombus Secures $26M+ in funding to Propel Cloud-Managed Physical Security Innovation

Retrieved on: 
Tuesday, February 27, 2024

Additionally, in the last year, Rhombus has made outstanding progress in augmenting its ecosystem while continuing to focus on growth and optimization.

Key Points: 
  • Additionally, in the last year, Rhombus has made outstanding progress in augmenting its ecosystem while continuing to focus on growth and optimization.
  • Highlights include:
    As Rhombus continues to grow, they remain focused on producing innovative approaches to security infrastructure at scale.
  • Rhombus values innovation, integrity, and simplicity, aiming to make physical security stress-free while maintaining high ethical standards.
  • With this funding, Rhombus is poised to continue our trajectory of rapid growth" said Garrett Larsson, CEO of Rhombus.

Summit Financial Continues Growth Trajectory With Two Additional Affiliate Firms Totaling $725M in Assets

Retrieved on: 
Monday, February 5, 2024

Both firms will benefit from Summit’s custom capital solution, Summit Growth Partners (SGP), which offers a combination of cash monetization and equity participation while granting exclusive partnership privileges.

Key Points: 
  • Both firms will benefit from Summit’s custom capital solution, Summit Growth Partners (SGP), which offers a combination of cash monetization and equity participation while granting exclusive partnership privileges.
  • GPH, an established Alabama-based firm that oversaw $530M in assets, is transitioning from Ameriprise Financial to Summit.
  • GPH employs a comprehensive financial planning approach to address both short-term and lifelong financial goals.
  • We look forward to continuing that tradition, supporting both firms in the delivery of thoughtful, individualized advice that elevates clients’ financial well-being,” said Stan Gregor, CEO of Summit Financial Holdings.

Yukon Partners Promotes David Sampair to Partner

Retrieved on: 
Thursday, February 1, 2024

Yukon Partners (“Yukon”), a Minneapolis based middle market junior capital firm, has promoted David Sampair to Partner.

Key Points: 
  • Yukon Partners (“Yukon”), a Minneapolis based middle market junior capital firm, has promoted David Sampair to Partner.
  • View the full release here: https://www.businesswire.com/news/home/20240201134726/en/
    “We are very pleased to announce the promotion of David Sampair to Partner,” said William Dietz, Managing Partner.
  • “David epitomizes the core values and principles of Yukon and, over the past 12 years, has been a significant contributor to our success.
  • David holds a bachelor’s degree from Marquette University and is an inactive CPA.

Simmons University Institute for Inclusive Leadership Welcomes New Executive Board Members from Bain Capital, Dell Technologies, and John Hancock

Retrieved on: 
Tuesday, January 30, 2024

"It is with sincere excitement that I welcome three executive leaders to the Strategic Advisory Board," said Susan MacKenty Brady, CEO of the Institute for Inclusive Leadership.

Key Points: 
  • "It is with sincere excitement that I welcome three executive leaders to the Strategic Advisory Board," said Susan MacKenty Brady, CEO of the Institute for Inclusive Leadership.
  • Simmons is proud to be the catalyst that unites the members, and we are deeply honored for the leadership of its advisory board."
  • "We are thrilled and grateful to have the opportunity to work with these three leaders as the newest members of the Strategic Advisory Board," said Simmons University President Lynn Perry Wooten.
  • He has an MBA from Southern New Hampshire University and holds a Bachelor of Science in Business and Organizational Leadership.

Ameriprise Financial Declares Regular Quarterly Dividend

Retrieved on: 
Wednesday, January 24, 2024

The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $1.35 per common share payable on February 27, 2024 to shareholders of record at the close of business on February 9, 2024.

Key Points: 
  • The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $1.35 per common share payable on February 27, 2024 to shareholders of record at the close of business on February 9, 2024.
  • At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years.
  • With extensive investment advice, asset management and insurance capabilities and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240124150860/en/

Amundi US Appoints Head of US Intermediary and International Distribution

Retrieved on: 
Friday, January 5, 2024

Amundi US today announced the appointment of Jason Xanthakis as Senior Managing Director, Head of US Intermediary and International Distribution, effective January 1, 2024.

Key Points: 
  • Amundi US today announced the appointment of Jason Xanthakis as Senior Managing Director, Head of US Intermediary and International Distribution, effective January 1, 2024.
  • Jason has been a member of the Amundi US Intermediary Distribution team since December 2009, most recently as Senior Managing Director, Head of US Intermediary Strategy, Partnerships & National Accounts.
  • In his expanded US role, Jason will lead Amundi US’s Intermediary Distribution Team in the US, while continuing to lead the distribution of US-managed investment solutions in the International Retail and US Offshore/Retail Latin American channels.
  • Upon his return to the US, Jason was appointed Senior Managing Director, Head of International Retail Business & US Intermediary Strategy, Partnerships, and National Accounts.

Unlocking Prosperity in the New Year through a Home Watch Business Opportunity

Retrieved on: 
Thursday, January 4, 2024

VENICE, Fla., Jan. 4, 2024 /PRNewswire/ -- 'Home watching' is emerging as an exciting business opportunity as the demand for home management services continues to soar. The Home Watch Academy, the first and most experienced provider of training for the home watch industry, provides a fast start to this exciting opportunity for those looking for the resources to launch a business in a fast-growing industry in 2024. It's a fantastic model for people looking for a second revenue stream or for aspiring entrepreneurs looking to launch their first business.

Key Points: 
  • It's a fantastic model for people looking for a second revenue stream or for aspiring entrepreneurs looking to launch their first business.
  • There's where Home Watch is emerging as an indispensable service for homeowners seeking peace of mind during their absences.
  • Versatile Market: The market for Home Watch services extends beyond vacation homeowners to include snowbirds, business travelers, and those undergoing home renovations.
  • "The Home Watch industry presents an incredible opportunity for aspiring business owners to tap into a rapidly growing market," Pisani said.

LPL Financial Welcomes Financial Advisor Kane Vines

Retrieved on: 
Tuesday, November 14, 2023

CHARLOTTE, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Kane Vines, CFP®, CRPC®, APMA has joined LPL Financial’s broker-dealer, RIA and custodial platforms.

Key Points: 
  • CHARLOTTE, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Kane Vines, CFP®, CRPC®, APMA has joined LPL Financial’s broker-dealer, RIA and custodial platforms.
  • He reported having served approximately $115 million in advisory, brokerage and retirement plan assets*, and joins LPL from Ameriprise.
  • With the move, Vines launches Expound Wealth Management, an independent financial practice based in Plano, Texas.
  • “Everything LPL offers, from their open architecture and robust trading platform to their comprehensive support shows they are on the side of the advisor.