12 Facts About Ameriprise Financial

Ameriprise Financial, Inc is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota.

Ameriprise Financial was formerly a division of American Express, which completed the corporate spin-off of the company in September 2005.

Ameriprise Financial offers variable annuities and life and disability insurance.

Ameriprise Financial uses three principal brands for its businesses in the United States: Ameriprise Financial, Columbia Management and RiverSource.

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.

In May 2010, Ameriprise Financial acquired Columbia Management, the long-term asset management business of Bank of America, for $1 billion.

In November 2011, Ameriprise completed the sale of Securities America to Ladenburg Thalmann Financial Services for $150 million in cash and potential future payments.

Ameriprise Financial established an insurance brokerage entity in India thatwas licensed to deal in insurance products by India's Insurance Regulatory and Development Authority .

In May 2014, Ameriprise shut down the nascent financial planning division in India, citing poor prospects for fee-based advisory services.

In May 2022, Ameriprise announced Phoenix- based financial advisory organisation, Phoenix Wealth Management joined Ameriprise financial.

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.