Description

Ameriprise Financial, Inc. is a prominent provider of diverse financial products and services, catering to both individual and institutional clients across the United States and internationally. The company operates through four distinct segments. Its Advice & Wealth Management division offers comprehensive financial planning and guidance, brokerage services for retail and institutional investors, various investment advisory accounts (both discretionary and non-discretionary), mutual funds, insurance, annuities, cash management, and banking solutions. The Asset Management segment specializes in investment management and a wide array of investment products, distributed to retail, high net worth, and institutional clients via third-party financial institutions and its own sales force. This segment's offerings encompass U.S. and non-U.S. mutual funds, exchange-traded funds, variable product funds, and institutional asset management strategies including traditional asset classes, separately and individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment delivers variable annuity products to individual clients, alongside life and disability income insurance for retail customers. Established in 1894, the firm was formerly known as American Express Financial Corporation until its rebranding as Ameriprise Financial, Inc. in September 2005. It maintains its headquarters in Minneapolis, Minnesota.