AMP Profile
Ameriprise Financial, Inc., through its subsidiaries, offers a comprehensive range of financial products and services to both individual and institutional clients in the United States and internationally. The company operates through four main segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment delivers financial planning and advice, brokerage products and services, discretionary and non-discretionary investment advisory accounts, mutual funds, insurance and annuities, cash management, banking products, and face-amount certificates to retail and institutional clients.
The Asset Management segment of Ameriprise Financial provides investment management and advisory services, as well as a wide array of investment products to retail, high net worth, and institutional clients. This segment distributes its products through unaffiliated third-party financial institutions and institutional sales forces. It offers 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, including 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 focuses on providing variable annuity products to individual clients and life and disability income insurance products to retail clients. Founded in 1894 and headquartered in Minneapolis, Minnesota, Ameriprise Financial has a long history of evolving and adapting to meet the financial needs of its clients. Originally known as American Express Financial Corporation, the company rebranded to Ameriprise Financial, Inc. in September 2005, continuing its legacy of delivering trusted financial solutions and advice.
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