UP!

AMP $154.11   View long term graphs

Ameriprise Financial, Inc.
Type
Public
Traded as NYSE: AMP
S&P 500 Component
Industry Financial services
Founded 1894
Founder John Tappan and J.R Ridgway
Headquarters Ameriprise Financial Center
Minneapolis, Minnesota
, U.S.
Key people
James M. Cracchiolo (Chairman & CEO)
Products Investments
Revenue US$ 11,696 million (FY 2016)
Net income
DecreaseUS$ 1,314 million (FY 2016)
Total assets IncreaseUS$ 787 billion (FY 2016)
Total equity IncreaseUS$ 6.292 billion (FY 2016)
Number of employees
12,235 (2013)
Website www.ameriprise.com

Ameriprise Financial, Inc. is an American diversified financial services company. Ameriprise Financial engages in business through its subsidiaries, providing financial planning, products and services, including wealth management, asset management, insurance, annuities and estate planning.

Ameriprise Financial, Inc., the holding company, is incorporated in Delaware. The company's headquarters are in Minneapolis, Minnesota. James Cracchiolo is the chairman and chief executive officer. The company's primary subsidiaries include Ameriprise Financial Services, Inc., Columbia Management Investment Advisers, LLC, and RiverSource Life Insurance Company. Threadneedle Asset Management is Ameriprise Financial's international asset manager, and a provider of investments to institutional and retail clients.

Ameriprise Financial began life as Investors Syndicate in 1894. Here are a few of the company's key milestones:

Ameriprise Financial is the successor to American Express Financial Advisors (AEFA), a former subsidiary of the American Express Company. In 2005, American Express spun off AEFA as an independent company. AEFA's new name, Ameriprise Financial, Inc. came into effect August 1, 2005, and the spin-off transaction closed on September 30, 2005.

Ameriprise Financial is one of the largest financial planning companies in the United States and is among the 25 largest asset managers in the world. It is ranked 246 in the 2011 Fortune 500.

Ameriprise Financial is in wealth management and retirement planning in the U.S. and also works as an asset manager with global business.

Ameriprise Financial specializes in retirement-related financial planning for relatively well-off clients. As of December 31, 2010, the company has about three-million clients and $672.7 billion in owned, managed and administered assets worldwide. The company offers variable annuities and life and disability insurance. It also operates Ameriprise Bank, FSB which offers a variety of consumer banking and lending products and personal trust and related services.

Ameriprise Financial received publicity for moving more quickly than some other full-service wealth management firms to develop social media for its advisors and investors, e.g. via LinkedIn.

Ameriprise Financial operates two complementary asset management platforms: Columbia Management in the U.S. and Threadneedle internationally. The company reported as having $436 billion in assets under management as of December 31, 2011, placing it eighth in long-term mutual fund assets in the U.S., fourth in retail funds in the U.K. and 27th in global assets under management.

The company uses three principal brands for its businesses in the United States: Ameriprise Financial, Columbia Management and RiverSource. The Threadneedle brand is used for its international asset manager’s products.

Ameriprise Financial Services, Inc., a financial planning and retail distribution subsidiary which operates under the Ameriprise Financial brand name, is a registered broker-dealer and registered investment adviser. It has an integrated model of comprehensive and personalized financial planning, diversified product manufacturing and affiliated and unaffiliated distribution through its network of financial advisors and registered representatives. The retail products and services that use the Ameriprise Financial brand include those that the company provides through its affiliated advisors (e.g., financial planning, investment advisory accounts, retail brokerage services and banking products) and products and services that it markets directly to consumers (e.g., personal auto and home insurance).

This is the primary brand for the company's U.S. asset management products and services, including retail and institutional asset management products. Following the completion of the acquisition of the long-term asset management business of the Columbia Management Group from Bank of America in April 2010, the company combined RiverSource Investments, its legacy U.S. asset management business, with Columbia Management, under the Columbia Management brand.

This is the brand for the company's annuities products and for the protection products issued by the RiverSource Life companies, including life and disability income insurance products.

Securities America Financial Corporation’s roots go back to Financial Dynamics, an insurance marketing organization founded in 1984 by Steve Wild that had between 10,000 and 12,000 independent insurance agents affiliated with the firm. Financial Dynamics created Securities America, an independent securities broker/dealer, to use its insurance sales force to offer investments. Securities America Advisors Inc., an SEC-registered Investment Advisory firm, was founded in 1993 to offer investment management, financial advice and financial planning through a national network of independent financial advisors. In 1998, Securities America was acquired by American Express. In October 2005, after Ameriprise Financial's spin-off from American Express, Securities America became a wholly owned subsidiary of Ameriprise Financial, but continued to operate independently as a Nebraska-based broker/dealer and serving independent financial advisers across the country. Securities America acquired Brecek & Young Advisors, a California-based broker/dealer, and its subsidiary, Iron Point Capital Management, from Security Benefit Corp. of Topeka, Kansas. Securities America had received the inaugural Practitioner Thought Leadership Award from the Retirement Income Industry Association in March 2011, and was ranked as the seventh largest independent broker-dealer based on total revenues in the U.S., according to a June 2011 Financial Planning Magazine survey.

On April 25, 2011, Ameriprise announced that it was trying to find an "appropriate buyer" for Securities America Financial Corporation and its subsidiaries. Ameriprise said that this move will independent allow Securities America advisors and registered representatives who conduct business without utilizing the Ameriprise brand “to focus on growth opportunities in the independent channel.” In November 2011, Ameriprise completed the sale of Securities America to Ladenburg Thalmann Financial Services for $150 million in cash and potential future payments. Ameriprise claimed that selling this independent broker-dealer allows Ameriprise to focus its efforts on servicing and developing its branded advisor network.

Threadneedle Asset Management Holdings SARL is a Luxembourg-based holding company for the Threadneedle group of companies and a wholly owned independent subsidiary of Ameriprise Financial which provides investment management products and services to clients in the United Kingdom, Europe, the Middle East and the Asia-Pacific region. Though acquired by Ameriprise Financial in 2003, Threadneedle operates as an independent international asset manager, under its own brand name, management organization and operating, compliance and technology infrastructure. Threadneedle primarily provides international investment products and services, and Ameriprise Financial, through an arrangement with Threadneedle, offers certain international and U.S. equity strategies to its U.S. clients.

In 2008, Threadneedle acquired Invesco Perpetual's full service defined contribution pension business with total assets of £470m, followed by acquisition of Standard Chartered Bank’s World Express Funds investment funds business in 2009, the latter providing Threadneedle with an established Luxembourg-based SICAV platform with over US$2.38 billion worth assets under management as at April 30, 2009. In August 2011 it was announced that Threadneedle would acquire the investment assets of LV= amounting to some £8 billion. At December 31, 2010, Threadneedle had $105.6 billion in managed assets worldwide, and was expanding distribution of its institutional products in Europe, Asia, U.S., Middle East and Australia.

In early 2012, Ameriprise announced that it had begun offering retail financial planning and distribution services in India through its subsidiary, Ameriprise India Private Limited. Ameriprise has also established an insurance brokerage entity in India that is licensed to deal in insurance products by India’s Insurance Regulatory and Development Authority (IRDA). Ameriprise India has established offices in Delhi, Gurgaon, Greater Noida, Mumbai & Pune, with a plan to expand to other Indian metro areas in the future. As with its U.S. financial planning business, Ameriprise India provides holistic financial planning services through its trained advisor force. Fees are received for delivering financial plans; however, Ameriprise India does not currently sell affiliated investment or insurance products, instead refers clients who elect to implement their financial plan to third-party product manufacturers to purchase recommended investment and/or insurance products. As of May 2014, Ameriprise has shut down the nascent financial planning division in India, citing poor prospects for fee-based advisory services.

In September 2009, Ameriprise Financial acquired Columbia Management, the long-term asset management business of Bank of America, for U.S. $1 billion.

In January 2013, Ameriprise Financial completed the conversion of its federal savings bank subsidiary, Ameriprise Bank, FSB, to a limited powers national trust bank, which conversion included changing the name of this subsidiary to Ameriprise National Trust Bank.

As of December 31, 2011, Ameriprise Financial reported as having more than 9,700 branded advisors, the fifth largest branded advisor force in the U.S. Ameriprise Financial advisors recommend actions and a broad range of products consisting of investment, annuity, insurance, banking and other financial products to clients based on an appropriate range and level of risk. The financial advisors charge clients for financial advice and selling products. There are four ways the financial advisors affiliate with Ameriprise Financial:

Many Ameriprise advisors are Certified Financial Planners, and the company actively encourages attaining this designation. Many advisors also hold similar designations such as the CLU or ChFC.

With $12.2 billion in revenue, the company was ranked 232 on the 2016 Fortune 500 list, a list of top 500 largest U.S. corporations by revenue. The company debuted on the list in 2007 at #297, reporting $8.1 billion in revenue.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-01-27 Future report Set alerts
Q3 2020 2020-10-21 Future report Set alerts
Q2 2020 2020-07-29 2.64 -4.31
Q1 2020 2020-05-06 5.41 15.88
Q4 2019 2020-01-29 4.20 3.53
Q3 2019 2019-10-23 4.12 4.04
Q2 2019 2019-07-24 4.06 3.57
Q1 2019 2019-04-24 3.75 2.82
Q4 2018 2019-01-30 3.80 3.76
Q3 2018 2018-10-23 3.74 3.43

Ratings

2016-07-07 Lower Price Target Deutsche Bank AG Buy $122.00 to $106.00
2016-07-06 Initiated Coverage Evercore ISI Buy $110.00
2016-06-29 Reiterated Rating UBS AG Buy $125.00 to $120.00
2016-04-28 Lower Price Target RBC Capital Outperform $122.00 to $121.00
2016-04-28 Lower Price Target Royal Bank Of Canada Outperform $122.00 to $121.00
2016-04-06 Reiterated Rating Deutsche Bank Buy $114.00
2016-04-06 Boost Price Target Citigroup Inc. Neutral $94.00 to $99.00
2016-04-06 Reiterated Rating Deutsche Bank AG Buy $114.00
2016-03-22 Initiated Coverage SunTrust Buy $115.00
2016-03-22 Initiated Coverage SunTrust Banks Inc. Buy $115.00
2016-03-14 Reiterated Rating Deutsche Bank Buy
2016-02-23 Reiterated Rating UBS AG Buy $115.00
2016-02-19 Lower Price Target Citigroup Inc. $102.00 to $94.00
2016-02-02 Lower Price Target Keefe, Bruyette & Woods $125.00 to $123.00
2016-01-29 Reiterated Rating Deutsche Bank Buy $114.00 to $128.00
2016-01-29 Reiterated Rating Barclays Hold $123.00 to $99.00
2016-01-29 Reiterated Rating Barclays PLC Hold $123.00 to $99.00
2016-01-28 Boost Price Target Barclays Equal Weight $99.00 to $123.00
2016-01-28 Reiterated Rating Piper Jaffray Buy $127.00 to $126.00
2016-01-28 Reiterated Rating Piper Jaffray Cos. Buy $127.00 to $126.00
2016-01-27 Lower Price Target Keefe, Bruyette & Woods $140.00 to $125.00
2016-01-14 Lower Price Target Deutsche Bank Buy $138.00 to $128.00
2016-01-13 Downgrade Wells Fargo Outperform to Market Perform
2016-01-13 Downgrade Wells Fargo & Co. Outperform to Market Perform
2016-01-11 Upgrade Credit Suisse Neutral to Outperform $125.00 to $130.00
2016-01-11 Upgrade Credit Suisse Group AG Neutral to Outperform $125.00 to $130.00
2015-12-03 Reiterated Rating Deutsche Bank Buy $143.00 to $145.00
2015-11-15 Reiterated Rating Deutsche Bank Buy
2015-10-23 Reiterated Rating Deutsche Bank Buy $135.00 to $138.00
2015-10-22 Lower Price Target RBC Capital Outperform $143.00 to $136.00
2015-10-22 Reiterated Rating Barclays Hold $131.00 to $123.00
2015-10-13 Reiterated Rating Jefferies Group Hold $130.00 to $120.00
2015-10-12 Reiterated Rating Keefe, Bruyette & Woods Buy $153.00 to $140.00
2015-10-09 Lower Price Target Morgan Stanley $148.00 to $147.00
2015-07-24 Reiterated Rating Deutsche Bank Buy $150.00
2015-07-21 Reiterated Rating UBS AG Buy $145.00
2015-07-14 Reiterated Rating Keefe, Bruyette & Woods Buy $155.00 to $153.00
2015-07-10 Downgrade Goldman Sachs Buy to Neutral $140.00 to $130.00
2015-07-10 Downgrade Goldman Sachs Group Inc. Buy to Neutral $140.00 to $130.00
2015-07-02 Reiterated Rating Deutsche Bank Buy
2015-06-02 Reiterated Rating Roth Capital Overweight
2015-06-01 Initiated Coverage Piper Jaffray Overweight $162.00
2015-05-13 Reiterated Rating Deutsche Bank Buy $145.00
2015-04-23 Lower Price Target Barclays Equal Weight $137.00 to $131.00
2015-04-15 Upgrade Morgan Stanley Equal to Overweight $147.00 to $152.00
2015-04-08 Initiated Coverage Keefe, Bruyette & Woods Sector Perform to Outperform $155.00
2015-03-18 Reiterated Rating Deutsche Bank Buy $145.00
2015-02-02 Boost Price Target Deutsche Bank Buy $143.00 to $145.00
2015-01-30 Initiated Coverage Ameriprise Financial Hold $135.00
2015-01-29 Initiated Coverage Jefferies Group Hold
2015-01-29 Boost Price Target RBC Capital Outperform $140.00 to $142.00
2015-01-13 Initiated Coverage Deutsche Bank Buy $143.00
2015-01-08 Boost Price Target Barclays Equal Weight $125.00 to $137.00
2014-10-13 Reiterated Rating Sterne Agee CRT Neutral $129.00 to $143.00
2014-10-01 Reiterated RBC Capital Mkts Outperform $132 to $137
2014-10-01 Boost Price Target RBC Capital Outperform $132.00 to $137.00
2014-08-11 Downgrade Morgan Stanley Overweight to Equal Weight
2014-07-31 Reiterated Rating Citigroup Inc. Neutral $125.00 to $127.00
2014-07-30 Reiterated Rating Credit Suisse Neutral $117.00 to $118.00
2014-07-30 Reiterated Rating Barclays Equal Weight $122.00 to $125.00
2014-07-30 Reiterated Rating Morgan Stanley Overweight $138.00 to $134.00
2014-07-30 Boost Price Target RBC Capital Outperform $123.00 to $132.00
2014-07-17 Reiterated Rating Sterne Agee CRT Neutral $126.00 to $128.00
2014-07-09 Reiterated Rating Citigroup Inc. Neutral $120.00 to $125.00
2014-04-29 Boost Price Target Credit Suisse $115.00 to $117.00
2014-04-29 Lower Price Target Morgan Stanley Overweight $130.00 to $5.00
2014-04-02 Upgrade Morgan Stanley Equal Weight to Overweight $135.00
2014-03-28 Boost Price Target RBC Capital Outperform $113.00 to $119.00
2014-02-07 Lower Price Target Sandler O'Neill $114.00 to $110.00
2014-02-05 Reiterated RBC Capital Mkts Outperform $103 to $113
2014-02-05 Boost Price Target RBC Capital Outperform $103.00 to $113.00
2014-01-07 Boost Price Target Barclays Equal Weight $96.00 to $122.00
2013-12-20 Boost Price Target Sandler O'Neill $104.00 to $114.00
2013-12-16 Boost Price Target Ameriprise Financial $111.00 to $130.00
2013-11-01 Boost Price Target Sandler O'Neill $91.00 to $104.00
2013-10-30 Reiterated UBS Buy $101 to $110
2013-10-30 Reiterated RBC Capital Mkts Outperform $89 to $103
2013-10-30 Boost Price Target Credit Suisse Neutral $88.00 to $100.00
2013-10-30 Boost Price Target RBC Capital Outperform $89.00 to $103.00
2013-10-21 Boost Price Target Keefe, Bruyette & Woods $95.00 to $111.00
2013-07-25 Reiterated UBS Buy $90 to $101
2013-05-16 Reiterated UBS Buy $82 to $89
2013-04-23 Reiterated RBC Capital Mkts Outperform $75 to $80
2013-01-31 Reiterated UBS Buy $69 to $77
2012-11-15 Downgrade RBC Capital Mkts Top Pick to Outperform $72 to $71
2012-07-18 Initiated UBS Buy $60
2012-01-03 Upgrade RBC Capital Mkts Outperform to Top Pick $64 to $64
2011-04-18 Initiated Barclays Capital Overweight $76
2016-07-07 Lower Price Target Deutsche Bank AG Buy $122.00 to $106.00
2016-07-06 Initiated Coverage Evercore ISI Buy $110.00
2016-06-29 Reiterated Rating UBS AG Buy $125.00 to $120.00
2016-04-28 Lower Price Target RBC Capital Outperform $122.00 to $121.00
2016-04-28 Lower Price Target Royal Bank Of Canada Outperform $122.00 to $121.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CRACCHIOLO JAMES M Chairman and CEO 0.13%  (235016) AMP /
MOORE COLIN EVP & Global CIO 0.04%  (65744) AMP /
HUNTER KELLI A Exec VP of Human Resources 0.02%  (30490) AMP /
Sharan Kim Michelle Pres Fncl Plng & Wealth & CMO 0.01%  (27034) AMP /
Berman Walter Stanley Executive VP and CFO 0.01%  (25076) AMP /
Woerner John Robert Pres Ins & Chief Strat Officer 0.01%  (25006) AMP /
Kupper Randy EVP Technology and CIO 0.01%  (21607) AMP /
Junek John Carl Exec VP and General Counsel 0.01%  (19633) AMP /
Sweeney Joseph Edward Pres-AWM Products & Services 0.01%  (18903) AMP /
Stewart David Kent Sr Vice Pres and Controller 0.01%  (18023) AMP /
Froude Donald E Pres., Personal Advisors Group 0.01%  (15665) AMP /
Maglaque Charles Neal Pres. Advice & Wealth Mgt, COO 0.01%  (14390) AMP /
Williams William Jerryl EVP, AMP Franchise Group 0.01%  (13804) AMP /
TRUSCOTT WILLIAM F CEO, Global Asset Management 0.01%  (11590) AMP / TY /
Sharpe Robert Francis JR 0.01%  (11180) AMP /
McGraw Deirdre Davey EVP Corp Comm/Cmnity Rltns 0.01%  (10851) AMP /

Comments