NYSE:AMP
Ameriprise Financial is a leading diversified financial services company with over $900 billion in assets under management. The company offers a broad range of financial products and services to its clients worldwide. Ameriprise Financial operates through Advice & Wealth Management (49% of 2018 earnings), Asset Management (26%), and Protection & Annuities (25%) operating segments. Ameriprise Financial, Columbia Threadneedle Investments and RiverSource are its leading brands. The company has a large global footprint with offices located throughout the U.S. and globally, but the U.S. is the core market for Ameriprise, accounting for ~70% of total AUM. It caters to more than 2 million individual, business and institutional clients. By client type, retail clients are the biggest segment accounting for nearly 60% of the AUM. Equity is the largest asset class managed by Ameriprise constituting for more than 50% of the AUM, followed by fixed income, money market, alternative, hybrid and others. The company is highly rated for trust and impeccable reputation across the investment industry.