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Ameriprise Financial
Ameriprise Financial

Financial services / Financial Planning and Services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Ameriprise Financial is a leading financial services company that offers a wide range of products and services to help clients plan for their financial future. The company was founded in 1894 and has grown to become one of the largest financial planning companies in the United States.
Ameriprise Financial offers a variety of investment products, including mutual funds, annuities, and managed accounts. They also provide insurance products, such as life, disability, and long-term care insurance. In addition, the company offers financial advice and planning services to help clients achieve their financial goals.
The company is headquartered in Minneapolis, Minnesota and employs over 10,000 financial advisors nationwide. They have a network of over 2 million clients, including individuals, families, and businesses.
Ameriprise Financial is known for its commitment to client service and has been recognized as one of the most trusted financial services companies in the country. They have a strong focus on financial education and offer a variety of resources to help clients make informed financial decisions.
The company is also committed to corporate responsibility and has received numerous awards for its efforts in environmental sustainability, diversity and inclusion, and philanthropy.
Ameriprise Financial is a publicly traded company and is listed on the New York Stock Exchange under the ticker symbol AMP. They are consistently ranked as one of the top financial services companies in the world and have received numerous awards and recognition for their products, services, and workplace culture.
What is special about the company?
1. Established reputation: Ameriprise Financial dates back to 1894, making it one of the oldest and most established financial companies in the United States. This longevity has earned the company a strong reputation and trust among clients.
2. Client-focused approach: The company makes it a priority to understand and meet the unique needs of each individual client, building personalized financial plans to help them reach their goals.
3. Comprehensive financial services: Ameriprise offers a wide range of financial services, including wealth management, retirement planning, insurance, and asset management. This allows clients to access all their financial needs in one place.
4. Strong financial stability: With over $876 billion in assets under management, Ameriprise Financial has a strong financial stability and track record in managing investments.
5. Multi-channel distribution: The company provides financial advice and products through various channels, including financial advisors, online platforms, and partnerships with banks and credit unions, making it easily accessible to clients.
6. Commitment to responsible investing: Ameriprise is committed to incorporating environmental, social, and governance (ESG) factors into its investment strategies and offers a range of responsible investment options for clients.
7. Awards and recognition: The company has received numerous awards and recognitions for its financial services, including being named one of the "World's Most Admired Companies" by Fortune Magazine.
8. Strong community involvement: Ameriprise is committed to giving back to the community through various philanthropic efforts, including volunteer work, donations, and grants. This commitment to social responsibility sets it apart from other financial companies.
What the company's business model?
The Ameriprise Financial company is a financial services firm that offers a range of wealth management, retirement planning, insurance, and investment products and services to individual and institutional clients. Its main business model is based on providing personalized financial planning and advisory services to help clients achieve their financial goals. This includes developing investment portfolios, managing assets, offering insurance solutions, and providing guidance on retirement and estate planning. Ameriprise also earns revenue through various fees and commissions associated with these services. Additionally, the company offers products and services through its subsidiary companies, including Columbia Threadneedle Investments, RiverSource Life Insurance, and Alamo Capital. Its business model also includes strategic partnerships and acquisitions to expand its offerings and reach.
Interesting facts about the company
It was founded in 1894 as Investors Syndicate by John Tappan in Minneapolis, Minnesota.
In 1925, Investors Syndicate became the first mutual fund company in the United States.
In 1958, the company was renamed Investors Diversified Services, Inc. (IDS).
In 1965, IDS was listed on the New York Stock Exchange.
In 1984, American Express acquired IDS and renamed it American Express Financial Corporation.
In 2005, American Express spun off American Express Financial Corporation as an independent, publicly traded company and it was renamed Ameriprise Financial.
Ameriprise Financial is one of the largest financial planning firms in the United States, managing over $900 billion in assets.
The company has over 10,000 financial advisors and more than 20,000 employees.
Ameriprise Financial offers a range of financial products and services, including asset management, insurance, annuities, and banking solutions.
In 2020, Ameriprise Financial was named one of the World’s Most Ethical Companies by the Ethisphere Institute for the 11th consecutive year.
Ameriprise Financial is also committed to sustainability and has been recognized by the Dow Jones Sustainability Index for its environmental, social, and governance practices.
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