Ameriprise Financial, Inc.
name
Ameriprise Financial, Inc.
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AMP
summary
Ameriprise Financial, Inc. is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning. As of April 2022, more than 80% of the company's revenue came from wealth management. Ameriprise was formerly a division of American Express, which completed the corporate spin-off of the company in September 2005. The company is ranked 245th on the Fortune 500 and is among the largest financial planning companies in the United States and the 25 largest asset managers in the world. It specializes in retirement-related financial planning for affluent clients, offering variable annuities and life and disability insurance, and operates Ameriprise Bank, FSB. Since 2015, its asset management arm has operated under the name Columbia Threadneedle Investments.