** Shares of asset and wealth manager Ameriprise AMP.N fall 5% to $510.05
** Co reports 35% YoY fall in quarterly net flows in its advice and wealth management business
** Unit primarily targets high net-worth households with $500,000 to $5 million in investable assets
** Co's assets under management, administration and advisement rise 9% to a record $1.58 trillion in the quarter
** Including session moves, AMP shares are down 4.1% YTD vs 8.1% gain in the benchmark S&P 500 index .SPX
** Eight of 15 brokerages rate the stock "buy" or higher, 5 'hold', and 2 'sell'; median PT is $550 - data compiled by LSEG
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
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