Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Profit outran revenue, helped by market-linked annuity lines
Costs rose 2.02% against revenue's 6.09%, largely because two annuity lines that swing with markets fell.
For investorsWhat the fee engine needs from markets and flows
For foundersBuilding a business paid on balances, not transactions
Distribution costs rose 14.06% while overhead rose 3.26%: the fee business gains leverage from overhead, not advisor pay.
Ameriprise Bank pays an average 0.22% on $23.6B of client deposits and invests them, earning a spread without extra advice work.
Wrap accounts took $4.9B of net inflows in a quarter when market moves pulled balances lower.
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Business Lens describes Ameriprise Financial from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
