10 Facts About Ameriprise


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

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

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In 2009, Ameriprise 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 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 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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