|By Neal St. Anthony, Star Tribune (Minneapolis)|
|McClatchy-Tribune Information Services|
"We had a very good quarter, and a terrific year," Chief Executive
The company's stock price, which nearly doubled in value last year, rose 2 percent to a
Executives of Ameriprise, a diversified financial services firm that manages a half-trillion dollars in client assets, will discuss the results during a conference call to Wednesday morning.
For the full year, the company generated 17 percent operating earnings growth to
Ameriprise benefited from the 30 percent rise in the stock market during 2013, which swelled asset-management fees and also increased the number of clients signing up for financial-planning services and financial-product purchases.
Total holdings of bonds, stocks and other investments grew 13 percent during the year to
Operating net revenues increased 8 percent to
Operating expenses increased 7 percent to
Ameriprise said it returned
(c)2014 the Star Tribune (Minneapolis)
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