Headquarters: Minneapolis, MN, United States
CEO: Mr. James M. Cracchiolo
USD as of April 1, 2022
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.
Ameriprise Financial, Inc. is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning. In 2019, over 85% of the company's revenues came from wealth management. The company's primary subsidiaries include Ameriprise Financial Services, RiverSource Life Insurance Company, and Columbia Threadneedle Investments, its global asset management brand, and a provider of investments to institutional and retail clients. Ameriprise was formerly a division of American Express, which completed the corporate spin-off of the company in September 2005. The company is ranked 245th on the Fortune 500. It is on the list of largest banks in the United States. It is also the 9th largest independent broker-dealer based on assets under management. It is one of the largest financial planning companies in the United States and is among the 25 largest asset managers in the world. It is ranked 8th in long-term mutual fund assets in the U.S., fourth in retail funds in the U.K., and 27th in global assets under management.
Source: Wikipedia, retrieved on March 31, 2022, 8:41 p.m.
Investments, Wealth management Asset management Brokerage firm Insurance Financial planner
Founder(s): John Tappan and J. R Ridgway
James M. Cracchiolo, Chairman & CEO Walter S. Berman, CFO Jeff Noddle, director Lon R. Greenberg, director
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)