** Shares of Ameriprise Financial AMP.N up 4.3% at $600 in premarket trade

** AMP reported a 24% rise in fourth-quarter profit on Wednesday after markets closed, driven by higher fee income on the back of the value of its clients' assets increasing

** Ameriprise's assets under management and administration came in at $1.52 trillion in the quarter, a 10% jump from last year

** AMP's management and financial advice fees jumped 19% to $2.72 billion, while net investment income rose 0.5% to $892 million

** Adjusted operating earnings rose to $947 million, or $9.36 per share, in the quarter ended Dec. 31, from $761 million, or $7.20 per share, a year earlier

** Shares of AMP gained 40.2% in 2024

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))