very delivered us. you thank completing fourth joining Good quarter year. morning Ameriprise an good excellent and for a
to our many go-to want of As you growth you everyone deeper enjoyed our you. strategies even know to who understanding with give conversation plans. We market and our I held thank term attended. investor day long November we in of
are there our as our we Regarding four discussed momentum. driving key strategy growth areas
we a strong build opportunity a client on grow further as management have wealth with significant deep our First, to leader position and relationships.
asset the active transforming Second, global management. we our business needs are important to for management meet
Third, annuity finally delivering that has sheet cash is insurance profitable free developed business a a managing we shareholders. books consistent and significant and Ameriprise sound generate high growth, flow generating are is return for well balance of
our environment and progress executing call results. outlined operating growth Investor On the drivers I'll discuss today Day. The our at which our
reached strongly we equity reflects yet Turning average equities for high up weighted that another and to year. managed index finished the the assets of mix markets, our U.S. record the
rate unchanged. the As the are you interest interest know, Fed a headwind cuts rates that said remain yesterday in XXXX Fed and
client comes As remain We strong volatility. these strong good deep and a market to stronger. a January cycles predict or relationships, equity but in would cycles with year flows is a and the cash sheet balance cannot manage Ameriprise markets to but close pickup built emerge
and On we Now a quite home quarter. basis growth let's revenue auto X% of compared were results fourth quarter adjusted to level the discuss operating period. revenue consolidated ago. a year delivered the ago excluding in year On an good
net we even the which unlocking and basis. benefit gap EPS expenses remains peers return year auto full additional business well GAAP XX.X% many after Solid a $XXX up XX% on generated XAOCI of million equity growth pre-tax on corporate. absorbing with of and in home and the above A some sale in
reached XX% new and assets on $XXX up Our to the billion. management a administration high
retail and for new and wealth We assets further. productivity I'll records client that advisor also discuss management achieved
executing even our growing wealth in was more in revenue among how our we're with base be rates. AWM fourth affluent With that investors to client short-term management. deepening Margin quarter turn our and relationships. pleased continues in Management. the let's priorities. decline We in in earnings nearly Advice solid best now growth client significant engine interest We're the Wealth and to with & XX% growth serving I'm delivered
on. strong Ameriprise with investors They in capabilities comprehensive and results. they to assets. into million an It that to investable all $XXX,XXX uniquely starts and for market the with this it's are compelling digital and that looking $X we're advice Responsible large advisor affirm positioned concentrating and translating from market is terrific trust. serve
fourth year excellent some an highlights. Wealth up] nice had XX%. We & assets quarter including Advice Management [were Client in
business continues increase. advisory the $X than advisory of Our billion more fee to at with quarter. $XXX billion in inflows out wrap brings assets to into based This XX% stand total
acquisition client help in strong in particular them a saw as increased transactional the offer us clients had with in financial planning grow. quarter engaged pickup support target we we market in And the in more fluent productivity activity advisor X% to our quarter results the relationships. Importantly extensive leveraged advisors good and we as
we recruiting year. In had another good
We across continue advisors to attract experienced the from industry.
one recruiting the practices. quarters of production XX for addition joined it's and In best large advisors another us
success? diligently deep continued relationships we with our behind even experience deepen and device clients The to relationships goal these enhance further. work a using we client What's and expertise long-lasting based
to We growth. also drive are leveraging our future recent investments
Here updates. are some
program. program, the product. on a balances to $X to quarter we and year to on savings continue capabilities We increase our we and digitally bringing of our full pledge enabled will relationship $X will the total We’ve customer balance finished close management than we're deposit growing uptake more of advice sheet. deposits adding completed cash the loans balance brought billion sweep billion We to and sheet This experience year of bank. custom rollout be Ameriprise more our sweep clients. bring continue the new including of the a a the advisory fourth to mortgage We even platform, in relationship conversion additional
management come out to like XXXX. point also in I normalized outside more levels to of Ameriprise wealth bank that back the expenses will
in to was recognition for also customer Ameriprise certified the JD recently Power outstanding We providing continue experience. industry. by receive important an service
hard teams work to service. Our deliver industry-leading
made you great in a continue take front of business. management opportunity the by with wealth this the proposition leave away lot. we with investments have value I to in advice a the us. to opportunity means have this energized we our So we've I'm grow and
turn will to evolve businesses. We're with solution annuity operating adjusted to and for protection diversification These insurance books and we that expectations. are in the I solutions delivering businesses needs provide strong million satisfy focused that earnings In while line the Now in our continuing on mix. stability. a $XXX INA client our generated quarter earnings annuity
we And strong free cash generate flow. continue to
This sales total solutions our annuity were year. typical product structured In slower we’ve annuity our launched Ameriprise sales were in compared up years to needs billion. exclusively terms about of meet designed the last cash annuity sales of for range the quarter a when variable to clients. And of month $X
will will We guarantees. our help more away from books of expect this products shift even
sales VUL stable very we down VUL to line year. at strong were Fixed focused in had with year-over-year last plan. shift protection our growth $XXX life we where In on continuing course a annuity sales in IUL to billion. from Overall to compared remained of insurance
on As have clients in product risks managing the ensuring we right appropriately always designs the and we focus environment. for our
fixed also reinsuring continue year. the remaining annuity to this We block evaluate action further regarding will
and was to We client strong focused flows areas. pursuing serving remain management in Moving key improve. earnings asset long-term continue needs to opportunities growth and on
good on contribution to can under We're in $XXX in progress with the and quarter remained billion you XX% picture. the our ended Ameriprise see good. strategy Threadneedle up management executing making earnings and assets flow flows improving positive Columbia our that and markets
was $X frames. year $X.X in asset flows. an quarter medium consecutive and generate portfolios. XXXX X improved net We in year. time up of our the above XX% allocation in On excellent X which basis quarter billion is performance X, Investment last funds inflows This was equities, from billion income across for Columbia fixed over waited our for are and third asset
way. funds have in their our strategies And benchmarks our share increasing In and broken firms global improved gross time same retail six XX% deal sales key eight with our results over leading Threadneedle across beating U.S. For we retail and of are market top those regions partner for been seeing at strategies we're good. periods. the
the Our equity was strong. quarter rate flow in
quarter benchmarked we a were and we’ve even that the can further. feel the in continue improve active to of the for flows were top we the in that in income on fact five we few net we and positives one and In XX good of go firms fixed
are in seeing franchise, than for opportunity generated funds billion a our mortgage and our income strength income combined particular more strategic We net example, in the dividend $X.X quarter. income, in inflows
UK by $X with retail in EMEA last BREXIT has year. from Net in billion In moving improved now Europe flows and reduced uncertainty improved. forward the settlement
are We progress. making good
of fact, inflows net we and our key in were In nearly in Europe. all markets
experienced Now global billion. more institutional that out net than outflow in $X product [indiscernible] range built have inflows by improved net of billion our to a we $X and
in of November. we number was about in management. asset It areas good traction another are We to you gaining quarter talked in that
executing have our We lineup, on and excellent performance strong well focused product a to we're reach maintain momentum. global and
In Now, of let focusing to of billion key the of area I we this for strong year an a excess of our in sale a earnings a in Ultimately, at overall we our capital of a reduced the quarter XXX% We're strong quarter as Ameriprise. the strength, the pace up was anniversary share strong by is in of of business and auto To accomplished. Later and return year, mark Last on me excess $X.X the ended which up capital. efforts freeing company. outstanding. home operating we've of benefits terms capital capital our our of our publicly our year traded position excellent continuation what businesses. X%. And pickup turn position. we’ve successful and summarize highlighted XXth core proud quarter fourth We're as focus an and capital buyback. incredibly year the final returned through independent it for the count will the of
outperformance we're and build client of poised for how records with we Importantly, and to we energized of our deliver record how growth. performance shareholders of service, and for proud on recognized our our consistently
Now Walter discuss Walter? in detail and will questions. the your we'll then take financials