AMP 📈 Ameriprise Financial - Overview

Ameriprise Financial, Inc. is a leading financial services company that offers a wide range of products and services to individual and institutional clients in the United States and internationally. The company's operations are divided into four distinct segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides comprehensive financial planning and advice, as well as brokerage products and services, to both retail and institutional clients. This includes discretionary and non-discretionary investment advisory accounts, mutual funds, insurance and annuities products, cash management and banking products, and face-amount certificates. Additionally, this segment offers a range of investment products and services, including mutual funds, exchange-traded funds, and separately managed accounts, to help clients achieve their financial goals.

The Asset Management segment is a key part of Ameriprise Financial's business, offering investment management, advice, and products to a diverse range of clients, including retail, high net worth, and institutional clients. This segment operates under the Columbia Threadneedle Investments brand name and provides a broad range of investment products, including 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. The company's asset management capabilities include traditional asset classes, such as equities and fixed income, as well as alternative investments, including hedge funds, collective funds, and property and infrastructure funds. This segment also offers separately managed accounts and individually managed accounts, allowing clients to tailor their investment portfolios to their specific needs and goals.

The Retirement & Protection Solutions segment is focused on providing variable annuity products, as well as life and disability income insurance products, to retail clients. These products are designed to help individuals plan for retirement and protect their income and assets from unexpected events. The company's variable annuity products offer a range of investment options and income guarantees, allowing clients to create a personalized retirement income strategy. The life and disability income insurance products provide protection against unexpected events, such as death or disability, and can help clients maintain their standard of living and achieve their long-term financial goals.

Ameriprise Financial, Inc. has a long history, dating back to 1894, and was formerly known as American Express Financial Corporation. The company changed its name to Ameriprise Financial, Inc. in September 2005 and is headquartered in Minneapolis, Minnesota. With a strong brand and a commitment to providing high-quality financial products and services, Ameriprise Financial has established itself as a leading player in the financial services industry. The company's common stock is listed on the New York Stock Exchange under the ticker symbol AMP, and its ISIN is US03076C1062. As a member of the asset management and custody banks sub-industry, Ameriprise Financial is well-positioned to continue providing innovative financial solutions to its clients and driving long-term growth and profitability.