Ameriprise: A 'Prudent' Pick in Financials (AMP)

"Spun-off from American Express in 2005, Ameriprise Financial AMP is in the midst of a transformation from an insurer to a full-blown money management firm," notes long-term value investor John Buckingham. The editor of The Prudent Speculator explains, "Eyeing an opportunity to gather assets on the cheap, the company spent close to $2 billion during the financial crisis. "The company purchased Columbia Asset Management, J&W Seligman and H&R Block Financial HRB. In total, it acquired $224 billion in new assets, bringing total assets under management to over $445 billion. Continue reading the article.