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Tuesday, December 30, 2014

ON THE MOVE-Ameriprise hires 3-broker team from U.S. Bancorp, (NYSE: AMP)

Minneapolis, Minnesota-based Ameriprise Financial Inc said Tuesday it hired away a three-broker team from U.S. Bancorp's Investments division . In the first week of December, financial advisers Mark Frederick, Timothy Breitfelder and Larry Eggers joined Ameriprise in Dubuque, Iowa, having left U.S. Bancorp, where they had managed $218 million in client assets, according to a statement from Ameriprise.

Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Shares of AMP fell by 0.71% or $-0.96/share to $134.35. In the past year, the shares have traded as low as $100.94 and as high as $137.33. On average, 912570 shares of AMP exchange hands on a given day and today's volume is recorded at 331483.