Advisor productivity reached a new high for Ameriprise Financial (NYSE: AMP) in the second quarter, up 14 percent from a year ago to $99,000, driven by improved client activity and retail client net inflows, the company said in its earnings release. During a conference call Thursday morning, chairman and CEO Jim Cracchiolo told analysts that the Securities America sale, announced in April, was “proceeding well,” and that the firm would be announcing a buyer in the near future.

byDiana Britton, Managing Editor