NewEdge Advisors Hires $1.4 Billion Team from Ameriprise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Barron's
- New Recruitment: NewEdge Advisors has successfully recruited a 24-person team from Ameriprise.
- Client Assets: The team managed $1.4 billion in client assets prior to the move.
- Market Expansion: This recruitment enhances NewEdge’s presence in the Nashville market.
- New Team Name: The recruited team is known as ClearTrust Advisors, based in Franklin, Tennessee.
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Analyst Views on AMP
Wall Street analysts forecast AMP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMP is 540.00 USD with a low forecast of 434.00 USD and a high forecast of 653.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
4 Hold
2 Sell
Hold
Current: 521.360
Low
434.00
Averages
540.00
High
653.00
Current: 521.360
Low
434.00
Averages
540.00
High
653.00
About AMP
Ameriprise Financial, Inc. is a diversified financial services company. The Company’s segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through the Company’s advisors. The Asset Management segment provides investment management, advice and products to retail, high net worth and institutional clients on a global scale through the Columbia Threadneedle Investments brand. It provides institutional products and services through its institutional sales force. The Retirement & Protection Solutions segment includes retirement solutions (variable annuities and payout annuities) and protection solutions (life and disability income insurance). Retirement Solutions provides variable annuity products by RiverSource Life companies to individual clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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