Ameriprise Financial Services

Ameriprise Financial, Inc. is a bank holding company which is a longstanding leader in financial planning and advice. The firm advises, manages and protects the assets of more than two million business, individuals and institutional clients. It was founded in 1894 with its headquarters in Minnesota, United States. Ameriprise Financial was formerly a division of American Express, and in 2005, was established as a standalone company. The company trades on the New York Stock Exchange (NYSE) as AMP. It is a component of the S&P 500 index. In 1990, Ameriprise Financial (formerly, IDS) reached $100 billion in assets. As of 2020, it has more than $900 million in assets and remains one of the largest banks in the United States. On October 20th 2020, Ameriprise Financial stock fell by 2.5% to $158.25, but still outperformed its competitors. Subsequently, AMP share reached its highest closing price of $183.17 on November 10th, 2020. AMP ranked 245th on the Fortune 500 list and 353rd on Forbes’ Global 2000 in 2020. It also ranked 74th, among 150 companies, on Forbes’ list of Best Employers for Veterans 2020. The Minneapolis- St. Paul Business Journal named AMP as one of the 2020 Best Place to Work. Disability: IN and the American Association of People with Disabilities (AAPD) named it as one of America’s Best Places to Work on the Disability Equality Index, for inclusivity in its workplace. AMP was placed among the best financial advisor firms in a 2019 survey by JD Power. The company operates through three core business segments, namely Asset Management, Advice & Wealth Management and Annuities and Protection. Its corporate offices are located across the US and around the world. Ameriprise Financial, Inc. has several subsidiaries such as Ameriprise Financial Services, Inc., RiverSource, American Enterprise Investment Services, Inc., Columbia Management Group, Investors Syndicate Development Corp, and numerous others.