Ameriprise Financial Inc

Ameriprise Financial Inc through its subsidiaries provides various financial products and services to individual and institutional clients in the United States and internationally It operates through four segments Advice Wealth Management Asset Management Retirement Protection Solutions and Corporate Other The Advice Wealth Management segment provides financial planning and advice brokerage products and services for retail and institutional clients discretionary and nondiscretionary investment advisory accounts mutual funds insurance and annuities products cash management and banking products and faceamount certificates The Asset Management segment offers investment management and advice and investment products to retail high net worth and institutional clients through unaffiliated thirdparty financial institutions and institutional sales force This segment products also include US mutual funds and their nonUS equivalents exchangetraded funds variable product funds underlying insurance and annuity separate accounts and institutional asset management products such as traditional asset classes separately managed accounts individually managed accounts collateralized loan obligations hedge funds collective funds and property and infrastructure funds The Retirement Protection Solutions segment provides variable annuity products to individual clients as well as life and DI insurance products to retail clients The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial Inc in September 2005 Ameriprise Financial Inc was founded in 1894 and is headquartered in Minneapolis Minnesota