Ameriprise Financial is a diversified financial services holding company, incorporated in Delaware, whose earliest predecessor, Investors Syndicate, was founded in 1894. It operates through two approaches: wealth management and asset management. Via a network of more than 10,000 financial advisors it provides financial planning and advice, brokerage, managed accounts, and cash management and banking. It distributes annuities and life and disability income insurance under the RiverSource brand, and offers investment products through Columbia Threadneedle Investments.
Its customers include individual, high-net-worth and institutional investors, with more than 3.5 million retail clients; the primary target is households holding between $500,000 and $5,000,000 in investable assets. Much of its income is fee-based and tied to client asset levels, supplemented by planning and transaction fees, distribution fees, net investment income, insurance premiums, and management and performance fees.
The firm reports in four segments: Advice & Wealth Management; Asset Management; Retirement & Protection Solutions; and Corporate & Other. Its investment management arm operates in 16 markets, including France, Germany, Luxembourg, the Netherlands, Singapore, the UK and the US. It employs roughly 13,600 people, works with about 8,500 franchise advisors, and held $1.7 trillion in assets under management, administration and advisement at the end of 2025. It separated from American Express in 2005.
Based on Ameriprise Financial's 10-K filed February 19, 2026.