July 24 (Reuters) - Ameriprise Financial ( AMP ) posted

a 9% jump in second-quarter adjusted profit on Wednesday as

rising client asset values boosted the financial adviser's

fee-based income.

Hopes of a soft landing for the U.S. economy and investor

euphoria over artificial intelligence have lifted stock markets

to record highs this year.

Ameriprise's assets under management and administration came

in at $1.43 trillion in the quarter, a 12% jump from last year,

driven by strong client net inflows and market appreciation.

Assets under management depend on two factors - money

flowing in and out of the funds and the performance of

investments.

Ameriprise's management and financial advice fees jumped 12%

to $2.46 billion, while net investment income surged 14% to $921

million.

Total client assets at Ameriprise's advice and wealth

management business jumped to $972 billion from $833 billion a

year earlier.

Its advice and wealth management business primarily targets

households with $500,000 to $5 million in investable assets.

Adjusted operating earnings rose to $882 million, or $8.53

per share, in the three months ended June 30, from $807 million,

or $7.44 per share, a year earlier.

Shares of the company have gained 11.7% so far this year,

compared with a 16.5% jump in the benchmark S&P 500

index.