morning third elevated impact in volatility quarter the ongoing our rates. quarter environment challenges Clearly, market low operating the for both interest of had and and Good earnings with extremely thanks joining call. the
While is equity volatility as unknowns there returned the Client virus. we flows pandemic. the and related performing positive Overall, operate this backdrop. been has organic I to is good a the growth real good very markets, in activity has feel how and strong, through which election this Ameriprise against are about given
We continue to invest enhance strategically our position. to further
to In addition, clear our capital strength differentiator. a continues be
the rates, earnings X% were XX%. of unlocking results interest excluding extremely down significant $XXX are move were interest short-term X% considering good which been results, per X% earnings, which rates diluted pressure sale and Home the and underlying why Due muted growth of the This have with earnings share, would good in revenues precipitous the million offset low We've drop management. environment Auto in & down rates year-over-year. up expense up in is EPS with the revenues operating our revenue adjusted with reduced some business. pressured Our to by
our disciplined In will fact, year-over-year were we expenses X% G&A and down continue here. efforts
return while and invest we continue flow, to We substantial cash good the to margins shareholders. have free and in generate business
many ex return at peers well unlocking. XX.X% above remains Our equity on
management under ended with and assets $X of the record terms In quarter nearly of we a trillion. administration,
year-over-year. of last increased activity inflows a working more next are with billion been strong to we XX% long-term. XX% Total very last clients activity in year. and to web transactional really And client over good, client client although the improvement extensive for few we're opportunities arise mobile as getting normal returning X% flows environment and Being Client is and we're picked brokerage of Advice enabled digitally Meanwhile, which with up to flows, balances quarter put last lows quarters, money & the the the over client proposition it's client is in wrap driving. and this billion Ameriprise X% well positive the environment year, to has up satisfaction advice including levels below $X.X Wealth management, it as differentiated nicely improve. cash the high expect well their very from engagement $XXX this capabilities excellent core even and conditions both and with more clients work. We're value assets works feedback. begin with Let's in back the
long-term helping level Our practices remotely, receiving processed the to be support goals, productive. their productivity muted up We're of the X% capabilities, gives helping high advisors in even they have also The the well. in stay which about and advisors been months also help to more at rates. is integrated interest this clients the ecosystem underlying their are online. growth them track drop ability nicely significant the would their rates efficiently Advisor low feedback short of on clients great summer pandemic our us in focused with quarter, was serve up X%. operate productivity, slowest which in which their This from and can advisors business
success advisors advisors of including to value the across proposition. from points firm strength to we virtual connect our us during such the move highly more getting our the houses, recruiting, program period recruiting independence advisors over this in the top summer experienced our up to productive pick welcome IRAs. that fact as with wire industry, to even to The good Activity helped Turning had and quarter. we the third XX continued in
the to environment, move at bank banking assets next our We’re and $X sweep good. to year. of deposits quickly to more pipeline engage we them we using And had additional onboard deposits and capabilities already. more than expect billion In to of to billion continues regard look our advisors activities, in the X sweep total this continue
also nationally program our we adding fourth pledge and loans mortgage the will be in We quarter. launched
the Our clients margin to and great XX.X% the at was allows lending proposition to what interest a with which strong AWM value bank of us and the both advice sheet. balance that's sides of full rates. capabilities help are complement weight our
increased basis in Keep is from the points the quarter. second with margin related fact, up G&A business as includes that I investments mind the are growth. In well managed XXX from well X%. that expenses expenses And earlier, up as only bank, as volume mentioned in
feel grow we So margin as improvement. good to we drive about ability from continue here, to our
to solutions. protection move to and like I'd Now retirement
and reposition the We're reflect terms our in and discussed conservative rate intentional exits. interest changes, As in sales to way we appetite. the continue risk with you, environment product our to books managing business very product priorities of we a
As moved close continue our to of in reassess annuity part force fixed we our reinsuring fixed we strategy, of and annuities indexed blocks And segment. fixed close, to blocks. corporate the the
our Additionally, proactively annuity we from are away mix living shifting benefits. variable products with
structured products. that growing complements annuities In fact, of and quarter, taking variable XX% the in our similar focus products competitive wide range products channel. our other new represent with total on And of firms the disability In steps last where sales living a we're benefits we on in more year. margin, protection, this VA without it double offer high-end and was than from VUL
as year-over-year. rate reduced We strong is we saw in our in a IUL less XX% sales this VUL of fact, it on pickup environment. focus In attractive interest
asset this You to our we expect mix can this in accelerate business to the management. continue the in manage and will wealth that will business manner. help And shift
to turn management I'll improvements been asset into Now translating making we've where are good results. the
were X% $XXX Threadneedle management year-over-year billion. nearly up under at Columbia to Assets
strong terms financials In expense good XX% earnings of and up ongoing revenue were excellent with management. also growth
our well at nearly In range. came fact, target margin in XX% above
global asset were weighted XX% during an three basis of In highlight is nearly above been also basis, funds for like one, medium quartile. a on excellent has funds and intense to credit And this performance outstanding that, our that great of our on This or of and global more beating investment than periods. XX% equities research. investment period our Our top benchmarks the to operation I in within volatility. a five-year were
across fixed is client While, of good on teams terms delivering are this is strategies it have performance In our based particularly good globally, we in broad income performance. demand. focused importantly,
quarter. billion, good is related tax to now exempt in about or we XX% medium another turn $XXX $X.X not inflows This million at benchmarks positive of period due were some above our the long with $X.X periods. improvement flows at inflows five-year former in U.S. parent distribution year-over-year. Brexit Our billion EMEA at firms to particularly three after of of one to delivering In firms of income, five-year of Retail Year-to-date flows ex in had year. strong like significant to net results I and beating million taxable and return to quarters. very of seven a funds our the was retail inflows region. global good weakness net two inflows starting assets. from retail, former net past our and inflows parent eight were flows we net including And of we billion large and broker in fixed and weakness continue very over as strong performance were the one, now independence. an top and a each X.X the with across globally out dealer three deliver we're We're in XXX economic headwinds channels, performance
of the the an two transaction. fully terms We institutional, have One winning and totaled we good in that fee was did business higher fee continue redeemed all redemptions In low quarter sold that globally, from which traction three gain we billion. $X.X to expected client regions. the insurance mandates in
Quan businesses, due inflows over asset of we who other these the more the and terms we business an had client quarter. consulting was are fee lower to of attractive, X.X relations Adjusted a former offset a winning well than from the related The outflows, Overall, the a and for we billion redeemed strengthened mandates decision. pipeline. these loss our two net institutional, and we're strategy The parent from in for moves core outflows. decade half build and largely and a higher in allocation fee client in to of in was continue revenue that institutional service
drive the making additional platform for trading duplicate This legacy have we keep and We final the efficiency performance management, progress our scale. distribution and excellent of of we're technology and asset our real that To of use systems our in investment management phase portfolio sum to also reduce help activities improve will up and will installation intend complete globally. soon focus.
Ameriprise strong propositions, overall, I terrific focus execution. we value distribution at look the when and on for clear have business, So
balance back, flow able to all we're care moment when serving perspective, differentiated these a through and our pulled accomplished, challenging XX a a month, earlier been most approved excellent year. anniversary fundamentals. saw significant advisors maintaining while $X.X and clients to during like I'd very XXth of million our doing We we to new the the capital on years to track generate adjusted how and environments and of just the are Board deliver an you earnings closing, respective operating reached we quarter free take shareholders And emerge today. returned as our authorization shareholder $XXX to brand company. able return employees. even while highlight We've in we return for are XXXX. stronger, our of proud deal cash sheet built well, peers with to clients, to And year that a we're for from billion I'm of as value. We close to have independent the XX% to level In public what we shareholders this
good move feel to fourth As I how into quarter, about operating. continue we we're the
more and in questions. take your Now Walter quarter will detail the I'll cover