Company
Ameriprise Financial, Inc.
Headquarters: Minneapolis, MN, United States
Founded: 1894
Employees: 12,000
CEO: Mr. James M. Cracchiolo
Market Cap
$42.92 Billion
USD as of July 1, 2024
Ameriprise Financial, Inc. Categories
United States Financials Asset ManagementUnited States Financials United States Asset Management
Top Competitors by Market Capitalization
Industry: Asset Management
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| Brookfield Corporation | $65.40 B |
| The Bank of New York Mellon Corporation | $44.78 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
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| Bank of America | $316.02 B |
Detailed Description
Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management and advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third-party financial institutions and institutional sales force. This segment products also include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products to individual clients, as well as life and DI insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.
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Stocks & Indices
Ameriprise Financial, Inc. has the following listings and related stock indices.
Stock: NYSE: AMP wb_incandescent
Stock: BMV: AMP wb_incandescent
Stock: Bovespa: A1MP34 wb_incandescent
Stock: FSX: A4S wb_incandescent
Product & Services
Investments, Wealth management Asset management Brokerage firm Insurance Financial planner
Key People
Founder(s): John Tappan and J. R Ridgway
James M. Cracchiolo, Chairman & CEO Walter S. Berman, CFO Jeff Noddle, director Lon R. Greenberg, director
Financials
Revenue: US$11.9 billion(2020)
Net income: US$1.5 billion(2020)
Total assets: US$165.9 billion(2020)
Total equity: US$5.9 billion(2020)