In 2011, we were in the top quintal of the S&P financial companies for return of capital. We returned almost three times the capital of the average company. I feel very good about our capital position and our strategy to increase total shareholder return. We’re generating strong free cash flow to reinvest in the business and return to shareholders. We intend to return the majority of our earnings to shareholders annually and increase the mix between dividends and repurchases gradually as we maintain our capital strength and flexibility to navigate periods of economic and market stress.Now, let’s review our business segment performance. First advice and wealth management; we’ve consistently invested in our advisory business transforming it into a powerful growth platform. We’ve expanded both the earnings power and the profitability of the business by serving more mass affluent and affluent clients and growing advisor productivity. Through our targeted growth investments, we’ve set a nice springboard for our advisory business.
Ameriprise Financial's CEO Discusses Q1 2012 Earnings Results - Earnings Call Transcript
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