AMP · Ameriprise Financial Q2 FY2026 earnings call record财报电话会记录

“69% of our funds are above the median for one year, 75% of funds above the median for three-year and five-year periods, and across a 10-year period, that increases to 87%.”

“In the quarter, new purchases at the bank were $1.1 billion at a yield of 5.2% with a 4.5-year duration.”

“Total client assets grew 15%, or $164 billion, to $1.2 trillion, and wrap assets increased 19%, or $116 billion, to $732 billion, driven by solid organic growth, strong advisor productivity, and equity market appreciation.”

“Building off our stable organic growth trends, we have selectively adjusted our programs to grow inorganically net new assets that generate profitability in both a risk-on or risk-off environment to improve our trajectory going forward.”

“Saying that, many of the recruiting deals we are seeing today in this perceived risk-on environment exceed what we believe is a balanced risk-return approach, given the long cash paybacks and the marginal profitability benefits over the extended life of these arrangements.”

“We will continue to evaluate the facts and circumstances to assess the trade-offs between sustained profitability versus flows and associated risk.”

“While the assets will move to our platform in the fourth quarter and in early 2027, we will benefit from the economics of the full book beginning in the fourth quarter.”

“Bank assets increased 6% year-over-year to $25.5 billion, with the bank representing an increasing source of earnings going forward.”

“Margin reached 43% in the quarter, which is above last year of 39% and our target range of 35%-39%.”

“Profitability of this business remains excellent at a 21% margin.”

“Over the last 12 months, revenues grew 10%, adjusted EPS increased 15%, return on equity grew 260 basis points, and we returned $3.8 billion of capital to shareholders.”

“We had similar growth trends over the past five years, with 9% compounded annual revenue growth, 17% compounded annual EPS growth, return on equity improving 10 percentage points, and we returned $14 billion of capital to shareholders.”