Ameriprise Financial Advice & Wealth Management — Distribution expenses increased by 0.7% to $1.77B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.9%, from $1.55B to $1.77B. Over 3 years (FY 2022 to FY 2025), Advice & Wealth Management — Distribution expenses shows an upward trend with a 11.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
High distribution expenses relative to revenue may indicate lower efficiency, though they are often necessary to drive growth in a competitive advisor market.
These are the costs associated with compensating advisors and distributing financial products to clients. This is a crit...
Comparable to 'advisor compensation' or 'distribution costs' in other large brokerage and wealth management firms.
amp_segment_advice_wealth_management_distribution_expenses| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.18B | $1.18B | $1.18B | $1.18B | $1.22B | $1.22B | $1.22B | $1.22B | $1.37B | $1.40B | $1.49B | $1.56B | $1.55B | $1.55B | $1.66B | $1.76B | $1.77B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +3.6% | +0.0% | +0.0% | +0.0% | +12.0% | +2.5% | +6.1% | +5.0% | -0.6% | -0.5% | +7.1% | +6.1% | +0.7% |
| YoY Change | — | — | — | — | +3.6% | +3.6% | +3.6% | +3.6% | +12.0% | +14.8% | +21.8% | +27.9% | +13.5% | +10.2% | +11.3% | +12.4% | +13.9% |