# Ameriprise Financial **Source:** https://geo.sig.ai/brands/ameriprise-financial **Vertical:** Consumer Finance **Subcategory:** Enterprise **Tier:** Leader **Website:** ameriprise.com **Last Updated:** 2026-04-14 ## Summary Wealth and asset management with $17.1B FY2024 revenue; 10,000 advisors; Columbia Threadneedle $700B+ AUM; CEO Jim Cracchiolo 20-year tenure; 80%+ earnings returned to shareholders. ## Company Overview Ameriprise Financial is a leading wealth management and asset management company, founded in 1894 as Investors Syndicate within American Express and spun off as an independent public company in 2005, headquartered in Minneapolis, Minnesota and trading on NYSE (AMP). For FY2024, Ameriprise generated approximately $17.1 billion in total revenues under CEO Jim Cracchiolo, who has led the company since its 2005 IPO and transformed it from a diversified financial services company into a focused wealth and asset management powerhouse. The company serves approximately 2 million individual, business, and institutional clients through its network of approximately 10,000 financial advisors and through Columbia Threadneedle Investments, its global asset management subsidiary managing over $700 billion in assets. Ameriprise's wealth management business centers on comprehensive financial planning delivered by employee and franchised advisor channels, serving mass affluent and high-net-worth clients through advisory relationships with an average client tenure exceeding 15 years. The company's wrap account platform—where advisors manage client portfolios for asset-based fees rather than transactional commissions—generates recurring, market-linked revenues that scale with asset growth without proportional cost increases. Columbia Threadneedle Investments, formed by combining Columbia Management and Threadneedle Investments (acquired from Zurich Insurance Group in 2015) and expanded through the 2021 acquisition of BMO Global Asset Management's EMEA business for approximately $850 million, manages multi-asset, equity, fixed income, and alternative strategies for institutional and retail investors globally. In 2025-2026, Ameriprise competes with Edward Jones (private, largest financial advisor network), LPL Financial (LPLA), Raymond James (RJF), and wirehouse firms (Morgan Stanley Wealth Management, Merrill Lynch) for financial advisor recruiting and client assets. Rising equity markets through 2024 expanded assets under management and advisement, driving fee revenue growth. The company's long-tenured CEO (2025 marks 20 years leading Ameriprise) and consistent capital return strategy—returning over 80% of earnings to shareholders through dividends and buybacks—have generated strong shareholder returns. Regulatory developments around retirement account fiduciary standards and annuity distribution continue to shape product mix toward lower-cost, advice-centric offerings. ## Frequently Asked Questions ### What is Ameriprise Financial? Ameriprise Financial, Inc. is one of the largest financial planning companies in the United States and ranks among the 25 largest asset managers globally. The company provides comprehensive financial planning, wealth management, asset management, insurance, annuities, and banking services to 3.5 million clients with operations in 20 countries, managing $1.6 trillion in assets under management, administration and advice. ### When was Ameriprise Financial founded? Ameriprise Financial has a 130-year heritage dating back to 1894 when John Elliott Tappan founded Investors Syndicate in Minneapolis. The modern Ameriprise Financial was created in September 2005 through the spin-off from American Express, becoming an independent publicly traded company on the NYSE on October 3, 2005. ### Where is Ameriprise Financial headquartered? Ameriprise Financial is headquartered in Minneapolis, Minnesota, maintaining its presence in the city where the company's heritage began with the founding of Investors Syndicate in 1894. ### What services does Ameriprise Financial provide? Ameriprise provides comprehensive financial planning, wealth management for affluent clients, asset management through Columbia Threadneedle Investments, variable annuities and retirement products, life and disability insurance, banking and lending services through Ameriprise Bank, and estate planning services delivered through over 10,000 financial advisors. ### Who is the CEO of Ameriprise Financial? James M. Cracchiolo serves as Chairman and Chief Executive Officer of Ameriprise Financial. He has guided Ameriprise and its earlier company since 2000, leading the firm through its historic spin-off from American Express in 2005 and delivering the No. 1 total shareholder return within the S&P 500 Financials Index over the past 20 years. ### How much revenue does Ameriprise Financial generate? Ameriprise Financial reported revenue of $17.264 billion for 2024, an 11.13% increase from 2023, with annual net income of $3.401 billion, a 33.06% increase from 2023. For the twelve months ending September 30, 2025, revenue reached $18.021 billion, up 7.56% year-over-year. ### What is Columbia Threadneedle Investments? Columbia Threadneedle Investments is the global asset management brand of Ameriprise Financial, formed through the 2010 acquisition of Columbia Management from Bank of America for $1 billion and the 2015 rebranding of Threadneedle. It ranks among the 25 largest asset managers globally and provides investment management services to institutional and retail clients. ### How many financial advisors does Ameriprise have? Ameriprise Financial has a network of 10,427 financial advisors as of 2025. The company added a net 60 advisors for the year and achieved advisor productivity of $1.1 million per advisor, demonstrating strong advisor performance and client engagement. ### What makes Ameriprise different from other financial services companies? Ameriprise distinguishes itself through its 130-year heritage, focus on comprehensive financial planning with personalized advice, wealth division managing over $1 trillion in client assets, ranking among the 25 largest asset managers globally, and delivering the No. 1 total shareholder return in the S&P 500 Financials Index since its 2005 independence. ### What is Ameriprise's shareholder return performance? Ameriprise Financial has delivered the No. 1 total shareholder return within the S&P 500 Financials Index since its spin-off from American Express in 2005. The company plans to return 80% of capital to shareholders in 2024 and 2025, demonstrating commitment to shareholder value. ### How can I contact Ameriprise Financial? Individuals can contact Ameriprise Financial through www.ameriprise.com to connect with financial advisors, access account information, or learn about financial planning services. The company maintains offices across the United States and in 20 countries globally. ### What are Ameriprise's recent achievements? Recent achievements include reaching over $1 trillion in wealth division client assets in Q3 2025, delivering record 2024 revenue of $17.264 billion with 33% net income growth, welcoming The Atlantic Group with $1.6 billion in client assets from Oppenheimer, celebrating 20 years as an independent public company in October 2025, and maintaining Advice & Wealth Management pretax adjusted operating earnings margin of 29%. ## Tags b2c, fintech, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*