Ameriprise Financial

Ameriprise Financial, Inc. stands as one of America's premier financial services institutions with a distinguished 130-year heritage that began when 24-year-old John Elliott Tappan founded Investors Syndicate in Minneapolis in 1894 with just $2,500 in assets. Headquartered in Minneapolis, Minnesota, Ameriprise has evolved into a diversified financial services company and bank holding company that serves 3.5 million clients with operations in 20 countries, managing $1.6 trillion in assets under management, administration and advice. The company achieved a significant milestone as an independent entity when American Express completed the corporate spin-off of American Express Financial Advisors (AEFA) as Ameriprise Financial in September 2005, representing the 6th largest spin-off in U.S. history. Trading on the NYSE since October 3, 2005, Ameriprise has delivered the No. 1 total shareholder return within the S&P 500 Financials Index since the spin-off.

The company operates through three primary business segments: Advice & Wealth Management, Asset Management, and Retirement & Protection Solutions, with more than 80% of revenue coming from wealth management as of April 2022. Ameriprise's Advice & Wealth Management segment serves clients through a network of 10,427 financial advisors who provide comprehensive financial planning services, with advisor productivity reaching $1.1 million per advisor. The company achieved a historic milestone in the third quarter of 2025, reaching over $1 trillion in client assets in its wealth division, demonstrating strong organic growth and market leadership. The Asset Management segment operates through Columbia Threadneedle Investments, the global brand combining Columbia Management (acquired from Bank of America for $1 billion in May 2010) and Threadneedle (rebranded in 2015), ranking among the 25 largest asset managers globally.

Under the steady leadership of Chairman and CEO James M. Cracchiolo, who has guided the firm since 2000 and led it through the 2005 spin-off and 20 years of independence, Ameriprise has demonstrated exceptional financial performance. The company reported revenue of $17.264 billion for 2024, an 11.13% increase from 2023, with annual net income reaching $3.401 billion, a remarkable 33.06% increase from 2023. For the twelve months ending September 30, 2025, revenue reached $18.021 billion, up 7.56% year-over-year. The Advice & Wealth Management segment delivered particularly strong results with pretax adjusted operating earnings of $823 million, up 18 percent, with an impressive margin of 29 percent driven by core business growth and equity market appreciation. The company maintains a disciplined capital return strategy, planning to return 80% of capital to shareholders in 2024 and 2025.

Ameriprise's strategic focus on delivering comprehensive financial advice, recruiting experienced advisors, and developing innovative financial products positions it as a leader in the wealth management industry. In 2025, the firm welcomed The Atlantic Group from Oppenheimer, including nine advisors managing more than $1.6 billion in client assets, and added a net 60 advisors for the year to reach 10,427 total advisors. CEO Cracchiolo has emphasized the firm's disciplined approach to advisor recruitment, noting that the market is 'frothy' with firms overpaying for acquisitions, and has signaled opportunities for Columbia Threadneedle Investments to develop new solutions for the wealth advisor business. The company's commitment to operational efficiency is evidenced by severance expenses of $46 million in 2024 related to initiatives to enhance operational effectiveness and strengthen the client experience while driving future profitability. With a legacy spanning from the 1894 founding of Investors Syndicate to its position as a modern financial services leader managing over $1 trillion in client assets, Ameriprise Financial continues to help individuals and institutions navigate their financial futures with confidence and comprehensive expertise.