Ameriprise Financial
(NYSE: AMP)
81.53
-1.86
-2.23%
-1.86
-2.23%
MORE ON AMP
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Ameriprise Financial Inc |
| Industry: | Asset Management |
| Employees: | 12,235 |
DESCRIPTION
| Ameriprise Financial, Inc. was formed in 1983 as a Delaware corporation in connection with American Express Company's 1984 acquisition of IDS Financial Services from Alleghany Corporation. Prior to August 1, 2005, the Company was named American Express Financial Corporation. On September 30, 2005, the Company became an independent publicly-traded company, with the shares of its common stock no longer owned by American Express Company. As a holding company, Ameriprise Financial, Inc. primarily engages in business through its subsidiaries. The Company is engaged in providing financial planning, products and services that are designed to offer solutions for its clients' asset accumulation, income and protection needs. The Company delivers financial solutions to its clients through a tailored approach focused on building a long-term personal relationship through financial planning and advice that is responsive to its clients' evolving needs. The financial solution the Company offers includes both its own products and services and products of other companies. Its financial planning and advisory process is designed to provide comprehensive advice for its clients' asset accumulation, income management and protection needs. The Company's nationwide network of financial advisors is the means by which the Company develops personal relationships with its clients. Its branded advisor network is also the primary distribution channel through which the Company offers its asset accumulation and income products and services, as well as a range of insurance protection products. The Company offers its branded advisors training, tools, leadership, marketing programs and other centralized support to assist them in delivering tailored solutions to its clients, including products and services designed to meet its clients' needs. Ameriprise financial has two main operating segments aligned with the financial solutions: Asset Accumulation and Income, and Protection. Its Asset Accumulation and Income segment offers its own and other companies' mutual funds, as well as its own annuities and other asset accumulation and income management products and services to retail clients through its financial advisor network. Protection segment offers various life insurance, disability income and brokered insurance products through its financial advisor network. The Company also offers personal auto and home insurance products on a direct basis to retail clients principally through its strategic marketing alliances. The Company also has a Corporate and Other segment, which consists of income derived from corporate level assets and unallocated corporate expenses. The Company is using Ameriprise Financial as its holding company brand, as well as the name of its branded distribution network and certain of its retail products and services. Most aspects of its business are subject to regulation by U.S. federal and state regulatory agencies and securities exchanges and by non-U.S. government agencies or regulatory bodies and securities exchanges. |
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