Ameriprise Q1 Wealth Inflows Fall 59% to $4.2B, Signs $28B Huntington Deal
Ameriprise’s wealth-and-advice division saw client net inflows plunge 59% year over year to $4.2 billion in Q1 2026 as Comerica shifts $18 billion in assets and advisor attrition remains high. The firm improved asset-management outflows to $5.9 billion and signed a $28 billion Huntington Bank partnership for 260 advisors.
1. Q1 Wealth and Advice Inflows
Ameriprise’s wealth and advice division reported $4.2 billion in client net inflows for Q1 2026, marking a 59% decline year over year. Total client assets rose 12% to $1.1 trillion, with wrap assets up 16% to $664 billion.
2. Asset Management Outflows Improvement
The asset management division narrowed net outflows to $5.9 billion in Q1 2026 from $18.3 billion a year earlier, driven by improvements across retail, model delivery and institutional flows.
3. Comerica Asset Conversion Impact
Approximately $18 billion in assets are exiting as Comerica converts its investment program to Fifth Third Bank by late Q3, with attrition expected to continue through Q2 and Q3. Ameriprise received a $25 million make-whole payment related to the Comerica transition.
4. Huntington Deal and Competitive Outlook
Ameriprise signed a deal to oversee $28 billion in assets for 260 Huntington advisors, slated for conversion in Q4. Executives noted that aggressive recruiting across the industry is driving higher advisor departures and highlighted further opportunity for partnership growth.