Edit Metric

Company
Value
Source
Source URL
Notes
		Cancel

Edit | History

Details

Company:
Value :
Source:
Source URL:
Notes:

Feedback | FAQ

Get involved

Companies | Concepts | Contributors

Ameriprise Financial, Inc. (AMP)

Stock (Asset Management Industry, Financial Services Industry)

Ameriprise set to buy H&R Block's Financial Planning unit. Ameriprise is set to buy H&R Block's financial planning division for $315 million. AMP expects the acquisition to help it expand business in Texas, California, and Florida. These climates are warmer, and there are plenty of potential retirees in need of financial planning. AMP aims at attracting affluent baby boomers to its clients list. Weak Equity Markets AMP's buiness, like other asset managers, is closely tied to the performance of markets. The company earns revenue based on assets under managers. If clients' accounts are decreasing in value due to weak markets or net outflows, this hurts AMP's bottom-line.

The Shelf

Worried about pump and dump?

We review changes
for stock spam

» read more

Want to make Wikinvest better?

We need your help,
contribute today

» learn how

Do you write software?

We are recruiting
the best engineers

» view jobs

Like Wikinvest?

Spread the word —
Tell your friends!

» spread the word

Wikinvest © 2006, 2007, 2008. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.