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Gumer Alvero Biography and Net Worth

Insider of Ameriprise Financial

Gumer Alvero is President – Insurance & Annuities. Alvero is responsible for the leadership of our RiverSource Insurance and Annuity product lines, including sales of all RiverSource products. His functional responsibilities include product development & management (new and inforce), funds/investment management, sales and distribution efforts, marketing, service operations (e.g., new business, claims) underwriting and insurance and annuity conservation efforts, and the end-to-end client and advisor service experience.

Alvero joined Ameriprise more than 30 years ago and has been a member of the AWM Products groups since 1998. He was promoted into an expanded role as Executive Vice President and General Manager for both RiverSource Insurance & Annuities in 2021 adding the insurance line of business to his role leading the annuities business. Prior to that, Alvero held a variety of roles within Ameriprise Financial, including:

Executive/Senior Vice President and Managing Director, Annuity Products Group, 2006 – 2021
Vice President and Managing Director, Annuity Products Group, 1998 – 2006
Executive Assistant to President/CEO of American Express Financial Corp., 1996 – 1998
Program Director in the Financial Institutions Group, AEFC, 1994 – 1996
Financial Analyst roles across Corporate Planning and Analysis, Mutual Fund Product Group and Retirement Services, 1989 – 1994

Alvero holds a Master of Business Administration and a bachelor’s degree, both from Carlson School of Management, University of Minnesota.

What is Gumer Alvero's net worth?: The estimated net worth of Gumer Alvero is at least $2.62 million as of October 31st, 2024. Mr. Alvero owns 4,669 shares of Ameriprise Financial stock worth more than $2,621,177 as of November 21st. This net worth approximation does not reflect any other investments that Mr. Alvero may own. Learn More about Gumer Alvero's net worth.
How do I contact Gumer Alvero?: The corporate mailing address for Mr. Alvero and other Ameriprise Financial executives is 1099 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN, 55474. Ameriprise Financial can also be reached via phone at (612) 671-3131 and via email at [email protected]. Learn More on Gumer Alvero's contact information.
Has Gumer Alvero been buying or selling shares of Ameriprise Financial?: During the past quarter, Gumer Alvero has sold $1,199,816.25 of Ameriprise Financial stock. Most recently, Gumer Alvero sold 2,325 shares of the business's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $516.05, for a transaction totalling $1,199,816.25. Following the completion of the sale, the insider now directly owns 4,669 shares of the company's stock, valued at $2,409,437.45. Learn More on Gumer Alvero's trading history.
Who are Ameriprise Financial's active insiders?: Ameriprise Financial's insider roster includes Gumer Alvero (Insider), Walter Berman (CFO), Dawn Brockman (Insider), James Cracchiolo (Chairman & CEO), William Davies (Global Chief Investment Officer, Columbia Threadneedle Investments), John Hutt (Insider), Heather Melloh (EVP), Colin Moore (EVP), Robert Sharpe, Jr. (Director), Gerard Smyth (EVP), Joseph Sweeney (Insider), Karen Thissen (VP), William Truscott (CEO), and John Woerner (Insider). Learn More on Ameriprise Financial's active insiders.
Are insiders buying or selling shares of Ameriprise Financial?: In the last twelve months, insiders at the financial services provider sold shares 22 times. They sold a total of 137,433 shares worth more than $58,063,293.21. The most recent insider tranaction occured on November, 11th when CFO Walter Stanley Berman sold 8,655 shares worth more than $4,882,804.80. Insiders at Ameriprise Financial own 1.0% of the company. Learn More about insider trades at Ameriprise Financial.
Information on this page was last updated on 11/11/2024.

Gumer Alvero Insider Trading History at Ameriprise Financial

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
10/31/2024	Sell	2,325	$516.05	$1,199,816.25	4,669
3/27/2024	Sell	1,652	$437.00	$721,924.00	6,994
2/22/2024	Sell	385	$400.98	$154,377.30	6,994
6/29/2023	Sell	460	$329.94	$151,772.40	7,465
3/25/2022	Sell	2,044	$314.30	$642,429.20

Gumer Alvero Buying and Selling Activity at Ameriprise Financial

Ameriprise Financial Company Overview

Ameriprise Financial, Inc., together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor networks, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. This segment products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.

Today's Range

Now: $561.40

$557.30

$566.17

50 Day Range

MA: $504.20

$435.16

$567.43

2 Week Range

Now: $561.40

$345.43

$569.47

Volume

304,706 shs

Average Volume

469,960 shs

Market Capitalization

$54.46 billion

P/E Ratio

21.55

Dividend Yield

1.05%

Beta

1.34