Ameriprise Financial (AMP) official guidance

With Huntington's recent acquisition of Cadence Bank, we'll add another 29 advisors and $4 billion in assets moving from another program to us in mid-2027.

With Huntington's recent acquisition of Cadence Bank, we'll add another 29 advisors and $4 billion in assets moving from another program to us in mid-2027.

For the full year, we continue to expect general and administrative expenses to increase in the mid-single-digit range.

For the full year, we continue to expect general and administrative expenses to be flat, excluding Seligman and other performance fee compensation.

•Ameriprise and Huntington Bank recently completed the transition of 258 Huntington advisors to Ameriprise with $28 billion of client assets transferring through early 2027.

The operating effective tax rate is expected to be 20 to 22 percent for the full year 2026.

The addition of Huntington Bank is anticipated in the fourth quarter and will bring approximately 260 advisors and $28 billion of client assets onto our platform.

At the end of the third quarter, it will be $19 billion approximately exiting.

The addition of Huntington Bank is anticipated in the fourth quarter and will bring approximately 260 advisors and $28 billion of client assets onto our platform.

And at this point, I would say that the range that you saw for the year was 80. We returned 88% with dividends and buyback. That's a pretty good range, 85%-90%, based on what we today, with our capabilities and the ability to return to shareholders as a value point.

And as it relates to AWM, with that combination of investing and then streamlining and transformation, probably in the same range of, you know, single digits, that's probably. But again, there's investments in there being offset.

So the net effect of that should be, as you look at the company, staying within the ranges that you saw, you know, again, based on volume and other things, but certainly seeing a small increase versus last year.

As you think maybe longer term, sounds like investments remain a big focus. I'm sure you guys will keep finding ways to re-engineer the base. But do you think that kind of low single-digit growth is the right way to think about the expense algorithm beyond 2026 at a high level? Jim CracchioloChairman and CEO at Ameriprise (01:19:46): Yep. Yep. I think so.

Where do you see AWM margins going in 2026? Do you think you can maintain this 29%-30% range? Jim CracchioloChairman and CEO at Ameriprise (01:26:23): On certainty, if you look at core and as elease said, again, we're generating good, strong, consistent margins in core. The other thing is going to be on interest. And now we've minimized that also because of the way we invested. So it is in a good range as we look at what the Fed is saying and other things of that nature that it will be in this range.

But yes, the range that we're talking about, and especially driven by the organic aspect, is probably appropriate. You then get the changes as it relates to one-off events of that. So yeah, I think the 4 to 5 is a good measure. And you would have adjustments as seasonality takes place within it. But that's our annual as we think about it on a roll rate basis.

With the cuts that we anticipate in this fourth quarter, we will see an increase like we normally will. We don't really anticipate the cuts will have an impact on the rates, the volume in sweep.

G&A expenses increased 1% for the full year. We expect mid single digit G&A expense decline excluding performance fees.

Expenses remain well managed for the full year. We continue to expect low to mid single digit growth in G&A.

We delivered strong firmwide margins from 6% revenue growth while reducing G&A expenses by 3% on a full-year basis. We are targeting a G&A decline of 3%.

We remain committed to returning capital to shareholders at a differentiated pace and are targeting an 85% payout ratio for the fourth quarter based upon our share price and substantial free cash flow.