Ameriprise Financial's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Ameriprise Financial Inc. (AMP)

Q2 2012 Earnings Call

July 26, 2012 9:00 am ET

Executives

James Cracchiolo – Chairman, Chief Executive Officer

Walter Berman – Executive Vice President, Chief Financial Officer

Alicia Charity – Senior Vice President, Investor Relations

Analysts

Sumeet Kamath – UBS

Jay Gelb –Barclays

Alex Blostein – Goldman Sachs

Tom Gallagher – Credit Suisse

Eric Berg – RBC Capital Markets

John Nadel – Sterne Agee

Presentation



Operator

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Welcome to the second quarter 2012 earnings call. My name is Kim and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. Please note that this conference is being recorded.

I will now turn the call over to Ms. Alicia Charity. Ms. Charity, you may begin.

Alicia Charity

Thank you and welcome to Ameriprise Financial’s Second Quarter Earnings call. With me on the call today are Jim Cracchiolo, Chairman and CEO, and Walter Berman, Chief Financial Officer. Following their remarks, we’ll be happy to take your questions.

During the call, you will hear references to various non-GAAP financial measures which we believe provide insight into the underlying performance of the Company’s operations. Reconciliation of the non-GAAP numbers to the respective GAAP numbers can be found in today’s materials available on our website.

Some statements that we make in this call may be forward-looking, reflecting management’s expectations about future events and operating plans and performance. These forward-looking statements speak only as of today’s date and involve a number of risks and uncertainties. A sample list of factors and risks that could cause actual results to be materially different from forward-looking statements can be found in today’s earnings release, our 2011 annual report to shareholders, or our 2011 10-K report. We undertake no obligation to update publicly or to revise these forward-looking statements.

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