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.

FactSnippet No. 1,318,513

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

FactSnippet No. 1,318,514

Ameriprise Financial offers variable annuities and life and disability insurance.

FactSnippet No. 1,318,515

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

FactSnippet No. 1,318,516

Ameriprise Financial Services, a financial planning and retail distribution subsidiary, is a registered broker-dealer and registered investment adviser.

FactSnippet No. 1,318,517

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.

FactSnippet No. 1,318,518

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

FactSnippet No. 1,318,519

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

FactSnippet No. 1,318,520

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

FactSnippet No. 1,318,521

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

FactSnippet No. 1,318,522

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

FactSnippet No. 1,318,523

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.

FactSnippet No. 1,318,524