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12 Facts About Ameriprise Financial
Ameriprise Financial was formerly a division of American Express, which completed the corporate spin-off of the company in September 2005.
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Ameriprise Financial offers variable annuities and life and disability insurance.
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Ameriprise Financial uses three principal brands for its businesses in the United States: Ameriprise Financial, Columbia Management and RiverSource.
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Ameriprise Financial Services, a financial planning and retail distribution subsidiary, is a registered broker-dealer and registered investment adviser.
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In 2009, Ameriprise Financial acquired Standard Chartered Bank's World Express Funds investment funds business, providing Threadneedle with an established Luxembourg-based SICAV platform with over US$2.
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In May 2010, Ameriprise Financial acquired Columbia Management, the long-term asset management business of Bank of America, for $1 billion.
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In November 2011, Ameriprise completed the sale of Securities America to Ladenburg Thalmann Financial Services for $150 million in cash and potential future payments.
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Ameriprise Financial established an insurance brokerage entity in India thatwas licensed to deal in insurance products by India's Insurance Regulatory and Development Authority .
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In May 2014, Ameriprise shut down the nascent financial planning division in India, citing poor prospects for fee-based advisory services.
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In May 2022, Ameriprise announced Phoenix- based financial advisory organisation, Phoenix Wealth Management joined Ameriprise financial.
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Ameriprise Financial had not revealed which funds were timed, or the names of the people involved and the exact nature of the disciplinary action taken.
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