American Express Financial
 |
|
| Public | |
| Traded as | : AMP S&P 500 Component |
| Industry | Financial services |
| Founded | 1894 |
| Founder | John Tappan and J.R Ridgway |
| Headquarters |
Ameriprise Financial Center Minneapolis, Minnesota, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
James M. Cracchiolo (Chairman & CEO) |
| Products | Investments |
| Services | |
| Revenue |
 US$12.075 billion (2017)
|
|
US$1.480 billion (2017)
|
|
| AUM |
US$897.0 billion (2017)
|
| Total assets |
US$147.470 billion (2017)
|
| Total equity |
 US$5.998 billion (2017)
|
|
Number of employees
|
~13,000 (December 2017) |
| Website | www.ameriprise.com |
Ameriprise Financial, Inc. is an American diversified financial services company. Ameriprise Financial engages in business through its subsidiaries, providing financial planning, products and services, including wealth management, asset management, insurance, annuities, and estate planning.
Ameriprise Financial, Inc., the holding company, is incorporated in Delaware. The company's headquarters are in Minneapolis, Minnesota. James Cracchiolo is the chairman and chief executive officer. The company's primary subsidiaries include Ameriprise Financial Services, Inc., and RiverSource Life Insurance Company. Following a 2015 merger of Columbia Management and Threadneedle Asset Management, Columbia Threadneedle Investments, is Ameriprise Financial's global asset management brand, and a provider of investments to institutional and retail clients.
Ameriprise Financial began life as Investors Syndicate in 1894. Here are a few of the company's key milestones:
Ameriprise Financial is the successor to American Express Financial Advisors (AEFA), a former subsidiary of the American Express Company. In 2005, American Express spun off AEFA as an independent company. AEFA's new name, Ameriprise Financial, Inc. came into effect August 1, 2005, and the spin-off transaction closed on September 30, 2005.
Ameriprise Financial 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 246 in the 2011 Fortune 500.
Ameriprise Financial is in wealth management and retirement planning in the U.S. and also works as an asset manager with global business.
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Wikipedia