We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (17,756)
  • Industry Conferences (3)
  • Industry Job Openings (3)
  • Moore on the Market (204)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (656)
  • Wink's Articles (265)
  • Wink's Inside Story (238)
  • Wink's Press Releases (99)
  • Blog Archives

  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • Ameriprise Gets a Real Estate Exposure Question

    April 25, 2017 by Jamie Johnson

    Ameriprise Financial Inc., an insurance and asset management company, posted solid results for the first quarter on Monday in spite of turmoil overseas, uncertainty on the fiduciary rule here in the United States, and creaking in the U.S. commercial real estate market.

    Click HERE to view the original article via ThinkAdvisor.

    An analyst on the firm’s earnings call responded to reports about problems at U.S. shopping centers by asking about the company’s investments in commercial retail properties.

    “Our exposure is quite manageable,” CEO Jim Cracchiolo said.

    In the company’s portfolio of direct investments in real estate, “we don’t have any exposure to large-box situations,” he said.

    Both firms attract financial advisors from Wells Fargo and other wirehouses.

    The Minneapolis-based company is one of the first life and health companies to release first-quarter earnings.

    The company reported $403 million in net income for the quarter on $2.9 billion in revenue, up from $364 million in net income on $2.8 billion in revenue for the first quarter of 2016.

    The annuities unit reported $139 million in operating earnings on $608 million in revenue, up from $124 million in operating earnings for the year-earlier quarter on $596 million in revenue.

    The company increased operating earnings at the annuities unit in the face of strong headwinds.

    The interest rates the company earned on its own investments and the rates it could offer annuity buyers stayed low.

    The company also shifted toward more reliance on fee-based annuities, and less on commission-based products.

    The net flow of cash out of the company’s annuities increased to $1.3 billion, from $560 million in net outflow in the year-earlier quarter.

    The total ending balance for the company’s fixed annuites fell to $9.8 billion, from $10.5 billion, but the total ending balance for the variable annuities increased to $76.4 billion, from $74.2 billion.

    The value of assets in variable annuity fixed sub-accounts rose to $5.2 billion, from $5 billion.

    During the conference call with securities analysts, company executives took a question about President Donald Trump’s delay of the implementation of the U.S. Department of Labor’s fiduciary rule.

    Cracchiolo said he wanted to hear more about a U.S. Securities and Exchange Commission proposal to have the SEC oversee all retirement product sales.

    “Having one consistent regulatory regime would be great,” Cracchiolo said during the conference call.

    The company also talked about its acquisition of Investment Professionals Inc., a broker-dealer that offers investment programs through branches of banks, credit unions and other financial institutions.

     

    Categories: Industry Articles
    currency