Ameriprise Financial Inc - Company Profile
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Ameriprise Financial Inc (AFI) is a diversified financial service holding company, that offers wealth and asset management; cash, cards and lending solutions; insurance and annuities products; financial planning; and personal trust services, through its subsidiaries. Its wealth and asset management services consist of investment solutions such as individual retirement accounts, stock, and exchange-traded products, education savings, mutual funds, syndicate offerings, and real estate and alternative investments. The company offers cash management, accounts, cards, margin lending, and brokerage sweeps. AFI offers insurance solutions for property, casualty, life, disability care, and long-term care. In addition, the company offers annuities, financial planning and retirement planning, professional fiduciary services, specialty trusts, charitable trusts, and testamentary trusts. It has an operational presence in the EMEA, Americas, and Asia-Pacific. The company is headquartered in Minneapolis, Minnesota, the US.
Headquarters
United States of America
Address
1099 Ameriprise Financial Center, Minneapolis, Minnesota, 55474
Website
www.ameriprise.com
Telephone
1 612 6718001
No of Employees
13,800
Industry
Financial Services
Ticker Symbol & Exchange
AMP (NYSE)
Revenue (2023)
$16.1B
EPS
XYZ
Market Cap*
$40.8B
Net Profit Margin (2023)
XYZ
-27.7%
* As of and is in US$
Ameriprise Financial Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Investment | Retirement Planning | Ameriprise Financial |
| Individual Retirement Account | Personal Trust | RiverSource |
| Stock and Exchange Traded Products | Professional Fiduciary Services | Columbia Threadneedle Investments |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, Ameriprise Financial Services and Comerica closed the arrangement to become Comerica’s new investment program provider. |
| 2023 | Acquisitions/Mergers/Takeovers | In September, the company acquired an additional 144,851 shares of Vanguard Dividend Appreciation ETF. |
| 2023 | Others | In May, the company added the wealth management arm of Happy State Bank to its financial institutions channel. |
Competitor Comparison
| Key Parameters | Ameriprise Financial Inc | Prudential Financial Inc | The Bank of New York Mellon Corp | The PNC Financial Services Group Inc | The Charles Schwab Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Minneapolis | Newark | New York | Pittsburgh | Westlake |
| State/Province | Minnesota | New Jersey | New York | Pennsylvania | Texas |
| No. of Employees | 13,800 | 40,658 | 53,400 | 54,813 | 33,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James M. Cracchiolo | Chief Executive Officer; Chairman | Executive Board | 2005 | 64 |
| Walter S. Berman | Executive Vice President; Chief Financial Officer | Senior Management | 2005 | 80 |
| Gerard Smyth | Chief Information Officer; Executive Vice President | Senior Management | 2020 | 61 |
| Kelli A. Hunter | Executive Vice President - Human Resources | Senior Management | 2005 | 61 |
| Heather J. Melloh | General Counsel; Executive Vice President | Senior Management | 2022 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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