Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Ameriprise Financial
Companies and corporations

Ameriprise Financial financial holding company: sphere of activity

07.10.2020
2 min read

History and structure of Ameriprise Financial

Ameriprise Financial is a major financial corporation from the U.S., which provides services in the field of insurance, asset management of companies and individuals. Its activities cover various countries, including the UK, Germany, Japan, France and others.
Ameriprise Financial shares are listed on the New York Stock Exchange with the ticker AMP. Quotations are fixed in American dollars. The main office of the holding is located in the state of Minnesota. Experienced specialists provide a wide range of services at stock and currency markets of Europe, Oceania, Asia and North America. The corporation is a respected player in the investment and brokerage business segment, it performs management and helps companies from various fields to conduct financial activities. Another area of Ameriprise Financial is operations with cash receipts into accounts of the fund and insurance of assets against possible risks.
Representative offices of the corporation are opened in many countries of the world, on different continents. Large offices are located in India, Australia and Great Britain. The total number of employees is 12 thousand people. The volume of assets managed by Ameriprise Financial is about 150 billion dollars. Interestingly, the company name is an abridged version of the word combination American prise, which means “American prize” in translation.

Ameriprise Financial

The holding company appeared in 1894. Its history began with the Investors Syndicate. This financial institution was located in Minneapolis, a large city in Minnesota. The company owes its emergence to a group of American entrepreneurs and financiers, whose head was John Tappan. In 1925, the firm merged with the Ridgway investment company. In 1937, the corporation expanded its range of services and began working in the field of mortgage lending. After 3 years, the first mutual fund was organized. In 1979 the company merged with Alleghany Corporation. In its modern form Ameriprise Financial appeared in 2005 after large-scale modernization. As a result, investment and brokerage divisions joined the holding, which had previously been part of American Express Financial Advisors.
The holding company has several directions:

  • Advice & Wealth Management provides financial planning services, advises retail clients and works in the brokerage segment.
  • The function of Asset Management is asset management, investment operations. The specialists of the division also sell various products: bonds, mutual funds and others.
  • Annuities offers customers annuity products with different types of yield rates.
  • Protection is responsible for risk management and retail client insurance services.

Trust management is carried out through a $350 billion subsidiary.
The holding shows excellent results. According to the annual income statement, Ameriprise Financial’s performance has been steadily increasing.

Tags: Companies and corporations
0
Previous Post Chaslau Koniukh: Global market shares show good growth Next Post Li Ka Shing: How can success be achieved without money and education?

You Might Also Like

WalMart
Companies and corporations
How the world’s largest retail chain WalMart appeared: the story of its founding
16.08.2022
Mitsubishi
Companies and corporations
Japanese Mitsubishi Corporation: history of creation
01.02.2023
Kweichow Moutai
Companies and corporations
Chinese alcohol producer Kweichow Moutai: company history
13.12.2023
Bose Corporation
Companies and corporations
Bose Corporation: the story of a famous sound brand
28.10.2024
Baidu
Companies and corporations
How the Chinese IT giant achieved market leadership: the Baidu story
09.06.2023
Apple profits
Companies and corporations
Apple’s profit was record-breaking in the fourth quarter of 2019
16.11.2020

Popular Posts

  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics