Ameriprise Financial Inc (NYSE:AMP)

122.73
Data as of Jul 22
 +1.07 / +0.88%
Today’s Change
85.24
Today|||52-Week Range
123.30
+6.68%
Year-to-Date
SECTOR
Finance
INDUSTRY
Investment Banks/Brokers
MARKET CAP
$23.1B

Company Description

Ameriprise Financial, Inc. operates as a holding company. The company provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full service brokerage and banking services, primarily to retail clients through the company's financial advisors. The Asset Management segment provides investment advice and investment products to retail and institutional clients. This segment also provides products and services on a global scale through two complementary asset management businesses: Columbia Management and Threadneedle. The Columbia Management business primarily provides U.S. domestic products and services, and Threadneedle primarily provides international investment products and services. Its international retail products are primarily provided through third-party financial institutions. The segments retail products include mutual funds and variable product funds underlying insurance and annuity separate accounts. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to retail clients. The Protection segment offers a variety of protection products to address the protection and risk management needs of the company's retail clients, including life, DI, and property-casualty insurance. The Corporate & Other segment consists of net investment income on corporate level assets, including excess capital held in the company's subsidiaries and other unallocated equity and other revenues from various investments as well as unallocated corporate expenses. The company was founded in 1983 and is headquartered in Minneapolis, MN.

Contact Information

Ameriprise Financial, Inc.
55 Ameriprise Financial Center
Minneapolis Minnesota 55474
P:(612) 671-3131
Investor Relations:

Employees

Shareholders

Mutual fund holders47.34%
Other institutional42.27%
Individual stakeholders13.07%

Top Executives

James Michael CracchioloChairman & Chief Executive Officer
Charles Neal MaglaqueChief Operating Officer
Walter Stanley BermanChief Financial Officer & Executive Vice President
Randy KupperChief Information Officer & Executive VP
Colin MooreGlobal Chief Information Officer & Executive VP

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