Ameriprise Financial

Ameriprise Financial, Inc. is an American broadened American money related administrations company. Ameriprise Financial takes part in business through its backups, giving budgetary arranging, items and administrations, including riches administration, resource administration, protection, annuities and domain arranging. Ameriprise Financial, Inc., the holding organization, is consolidated in Delaware. The organization's base camp are in Minneapolis, Minnesota. James Cracchiolo is the director and CEO. The organization's essential backups incorporate Ameriprise Financial Services, Inc., Columbia Management Investment Advisers, LLC, and RiverSource Life Insurance Company. Threadneedle Asset Management is Ameriprise Financial's worldwide resource chief, and a supplier of speculations to institutional and retail customers.

History 

Ameriprise Financial started life as Investors Syndicate in 1894. Here are a couple of the organization's key points of reference:

1894 – John Tappan establishes Investors Syndicate in Minneapolis, Minnesota

1925 – West Coast agent J. R. Ridgway, Sr. unions his speculation firm with Investors Syndicate, assumes control as president.

1937 – Upon the demise of then 50-year-old J. R. Ridgway Sr. from leukemia, 23-year-old J. R. Ridgway, Jr. is designated president.

1940 – Investors Syndicate presents one of the first shared assets, the Investors Mutual Fund, giving customers new contributing alternatives and two focal points: broadening and expert administration. By the 1960s, Investors Mutual Fund is the biggest adjusted shared asset on the planet.

1949 – Investors Syndicate changes its name to Investors Diversified Services, Inc. (IDS)

1958 – IDS establishes the Investors Syndicate Life Insurance and Annuity Company (now known as RiverSource Life Insurance Company)

1974 – the IDS Center (now IDS Center) is opened in downtown Minneapolis as the organization's central station

1979 – Ridgway family auctions last of its possession interest. IDS turned into a completely possessed backup of Alleghany Corporation as per a merger.

1984 – American Express finishes securing of IDS Financial Services from Alleghany Corporation; organization renamed as American Express Financial Advisors (AEFA)

1986 – IDS secures Wisconsin Employers Casualty Company of Green Bay and renames it IDS Property Casualty Insurance Company

1994 – IDS comes to $100 billion in resources and behaviors business under the American Express brand

2003 – American Express Financial Corporation obtains London-based Threadneedle Asset Management Holdings

2005 – American Express Financial Corporation turns off and turns into a free organization named Ameriprise Financial, Inc.; starts exchanging on the NYSE under the ticker image AMP

2006 – Ameriprise Financial dispatches Ameriprise Bank, FSB

2008 – Ameriprise Financial obtains H&R Block Financial Advisors for $315 million, and the advantage administration firm J. and W. Seligman and Co. for $400 Million; decreases U.S. Government monetary help offered to numerous significant American budgetary firms amid the money related emergency happening at the time

2009 – Ameriprise Financial obtains long haul resource administration business of Columbia Management for $1.2 billion from Bank of America

2011 – Ameriprise Financial takes its exclusive Dream > Plan > Track > way to deal with Financial Planning to shoppers in India

Twist off from American Express

Ameriprise Financial is the successor to American Express Financial Advisors (AEFA), a previous auxiliary of the American Express Company. In 2005, American Express spun off AEFA as an autonomous organization. AEFA's new name, Ameriprise Financial, Inc. happened August 1, 2005, and the twist off exchange shut on September 30, 2005.

Business segments

Ameriprise Financial is the biggest money related arranging organization in the United States and is among the 25 biggest resource administrators in the world. It is positioned 246 in the 2011 Fortune 500.Ameriprise Financial is in riches administration and retirement arranging in the U.S. furthermore acts as a benefit director with worldwide business.

Riches Management and Retirement

Ameriprise Financial has practical experience in retirement-related money related getting ready for moderately well-off customers. As of December 31, 2010, the organization has around three-million customers and $672.7 billion in possessed, oversaw and regulated resources worldwide. The organization offers variable annuities and life and inability protection. It likewise works Ameriprise Bank, FSB which offers an assortment of purchaser keeping money and loaning items and individual trust and related administrations. Ameriprise Financial got attention for moving more rapidly than some other full-administration riches administration firms to create online networking for its guides and speculators, e.g. by means of LinkedIn.

Resource Management

Ameriprise Financial works two integral resource administration stages: Columbia Management in the U.S. furthermore, Threadneedle universally. The organization reported as having $436 billion in resources under administration as of December 31, 2011, setting it eighth in long haul common asset resources in the U.S., fourth in retail finances in the U.K. what's more, 27th in worldwide resources under management.

Foremost brands

The organization utilizes three foremost brands for its organizations in the United States: Ameriprise Financial, Columbia Management and RiverSource. The Threadneedle brand is utilized for its universal resource director's items.

Ameriprise Financial Services

Ameriprise Financial Services, Inc., a money related arranging and retail dissemination auxiliary which works under the Ameriprise Financial brand name, is an enrolled representative merchant and enlisted speculation counselor. It has a coordinated model of exhaustive and customized money related arranging, broadened item fabricating and associated and unaffiliated conveyance through its system of monetary counsels and enlisted representatives. The retail items and administrations that utilization the Ameriprise Financial brand incorporate those that the organization gives through its partnered guides (e.g., budgetary arranging, venture consultative records, retail financier benefits and keeping money items) and items and administrations that it showcases specifically to purchasers (e.g., individual auto and home insurance).

Columbia Management

This is the essential brand for the organization's U.S. resource administration items and administrations, including retail and institutional resource administration items. Taking after the fulfillment of the procurement of the long haul resource administration business of the Columbia Management Group from Bank of America in April 2010, the organization joined RiverSource Investments, its legacy U.S. resource administration business, with Columbia Management, under the Columbia Management brand.

RiverSource

This is the brand for the organization's annuities items and for the security items issued by the RiverSource Life organizations, including life and inability salary protection products.

Offer of Securities America

Securities America Financial Corporation's roots backpedal to Financial Dynamics, a protection promoting association established in 1984 by Steve Wild that had somewhere around 10,000 and 12,000 autonomous protection operators subsidiary with the firm. Money related Dynamics made Securities America, an autonomous securities representative/merchant, to utilize its protection deals power to offer ventures. Securities America Advisors Inc., a SEC-enlisted Investment Advisory firm, was established in 1993 to offer venture administration, money related exhortation and budgetary arranging through a national system of autonomous monetary guides. In 1998, Securities America was obtained by American Express. In October 2005, after Ameriprise Financial's twist off from American Express, Securities America turned into a completely claimed backup of Ameriprise Financial, yet kept on working freely as a Nebraska-based specialist/merchant and serving autonomous monetary consultants the nation over. Securities America gained Brecek and Young Advisors, a California-based intermediary/merchant, and its backup, Iron Point Capital Management, from Security Benefit Corp. of Topeka, Kansas. Securities America had gotten the inaugural Practitioner Thought Leadership Award from the Retirement Income Industry Association in March 2011,[10] and was positioned as the seventh biggest free intermediary merchant in view of aggregate incomes in the U.S., as indicated by a June 2011 Financial Planning Magazine survey.

On April 25, 2011, Ameriprise declared that it was attempting to locate a "fitting purchaser" for Securities America Financial Corporation and its auxiliaries. Ameriprise said this move will free permit Securities America consultants and enlisted agents who conduct business without using the Ameriprise brand "to concentrate on development opportunities in the autonomous channel." In November 2011, Ameriprise finished the offer of Securities America to Ladenburg Thalmann Financial Services for $150 million in real money and potential future installments. Ameriprise guaranteed that offering this free merchant permits Ameriprise to center its endeavors on overhauling and building up its marked guide network.

Global subsidiaries

Threadneedle Asset Management Holdings

Threadneedle Asset Management Holdings SARL is a Luxembourg-based holding organization for the Threadneedle gathering of organizations and a completely possessed free backup of Ameriprise Financial which gives speculation administration items and administrations to customers in the United Kingdom, Europe, the Middle East and the Asia-Pacific area. Despite the fact that obtained by Ameriprise Financial in 2003, Threadneedle works as an autonomous global resource chief, under its own image name, administration association and working, consistence and innovation foundation. Threadneedle basicall.........