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 249th 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.
Traded as: NYSE: AMP; S&P 500 Index component
Industry: Financial services
Founded: 1894; 126 years ago
Founder: John Tappan and J.R Ridgway
Headquarters: Ameriprise Financial Center Minneapolis, Minnesota, U.S.
Products: Investments Services; Wealth management; Asset management; Brokerage firm; Insurance; Financial planner
Website: www.ameriprise.com