Who Owns Ameriprise Financial?
Ameriprise Financial is the master brand of Ameriprise Financial, Inc. (NYSE: AMP), the Minneapolis financial services company that became independent from American Express in 2005. The brand covers financial advice through a roughly 10,000-advisor network, plus retirement and protection products under RiverSource, with a record $1.7 trillion in client assets. Parent FY2025 adjusted operating net revenues were $18.3 billion.
Parent Company
Founded
1894
Status
Publicly Traded
Headquarters
GlobalOfficial Website
Who Owns Ameriprise Financial?
- Parent Company: Ameriprise Financial, Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: AMP
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Ameriprise Financial | Ameriprise Financial, Inc. | Brand division |
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History of Ameriprise Financial
- Founded: 1894
- Founders: John Tappan
The lineage traces to 1894, when John Tappan founded Investors Syndicate in Minneapolis — the business that became Investors Diversified Services (IDS), a national force in financial advice.
American Express acquired IDS in 1984, running it as American Express Financial Advisors. In September 2005 the unit was spun off to shareholders as Ameriprise Financial, Inc., launching a new brand identity distinct from the parent's card business.
Under the Ameriprise name, the company consolidated its advice-led model: the advisor network anchors relationships that flow into wrap accounts, Columbia Threadneedle funds, and RiverSource products. In 2025 the brand marked 20 years of independence with record assets, revenue, and EPS.
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About Ameriprise Financial, Inc.
Is Ameriprise part of American Express?
No. Ameriprise was the financial services arm of American Express until the 2005 spinoff created it as an independent NYSE-listed company under ticker AMP.
Who founded Ameriprise?
The lineage traces to Investors Syndicate, founded in Minneapolis in 1894 by John Tappan. The Ameriprise name dates to the 2005 spinoff.
Who is the CEO of Ameriprise?
Jim Cracchiolo is Chairman and CEO — the company's leader since the 2005 independence.
What does Ameriprise own?
Ameriprise owns Columbia Threadneedle Investments (asset management), RiverSource (annuities and insurance), and its roughly 10,000-person advisor network.
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What is Ameriprise's revenue?
FY2025 GAAP net revenues were $18.5 billion; adjusted operating net revenues were $18.3 billion. Assets under management, administration, and advisement reached a record $1.7 trillion.
Where is Ameriprise headquartered?
Minneapolis, Minnesota, USA — the city where its predecessor was founded in 1894.
- Founded: 1894
- Headquarters: Minneapolis, Minnesota, USA
- Company Type: Publicly Traded
- Stock: NYSE: AMP
- Revenue: $18.3 billion (FY2025, adjusted operating net revenues)
- Employees: approximately 13,600 corporate employees
Where Is Ameriprise Financial Made / Based?
- Headquarters: Minneapolis, Minnesota, USA
- Manufacturing / Operations: United States
Ameriprise Financial Categories & Tags
Ameriprise Financial Ownership: Pros & Cons
Advantages
- +Record FY2025: $1.7 trillion assets, $18.3 billion revenue, 53% ROE
- +Closed-loop advice model captures full client economics
- +20-year independent track record
- +Strong cash generation with 88% of earnings returned in FY2025
Considerations
- -Fee revenue is market-correlated
- -Advisor recruiting competition is constant
- -Brand is younger than peers despite 1894 lineage
- -Legacy annuity book runs off over decades
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Frequently Asked Questions About Ameriprise Financial
Sources & Further Reading
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Competitors to Ameriprise Financial
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Apollo Global Management | USA | 2009 | Mass market | United states | All Genders | |
| Lincoln Financial | USA | 1905 | Mass market | United states | All Genders | |
| Charles Schwab | USA | 1971 | Mass market | United states | All Genders | |
| Citi | USA | 1812 | Mass market | United states | All Genders | |
| Corebridge Financial | USA | 2022 | Mass market | United states | All Genders | |
| Morgan Stanley | USA (Morgan Stanley) | 1982 | Market leader | United states | All-consumers |
Learn More About Competitors
InsuranceAthene
Owned by Apollo Global Management, Inc.
American retirement services and annuity provider founded in 2009, merged with Apollo Global Management in 2022 and operating as its Retirement Services segment.
insuranceannuitiesretirement
InsuranceLincoln Financial
Owned by Lincoln National Corporation
Master brand of Lincoln National Corporation, the life insurance and retirement company founded in 1905 and headquartered in Radnor, Pennsylvania.
life-insuranceannuitiesretirement
Finance FintechCharles Schwab
Owned by The Charles Schwab Corporation
American brokerage and wealth management brand serving 38.5 million active accounts and $11.90 trillion in client assets, flagship of The Charles Schwab Corporation.
brokerageinvestingwealth-management
Finance FintechCitibank
Owned by Citigroup Inc.
American consumer banking brand providing retail banking, credit cards, mortgages, and wealth management services through Citigroup.
bankingconsumer-bankingcredit-cards
Finance FintechCorebridge
Owned by Corebridge Financial, Inc.
Retirement and life insurance brand of Corebridge Financial, offering annuities, retirement plans, and life products through AGL, VALIC, and USL.
annuitiesretirementlife-insurance
Finance FintechE*TRADE
Owned by Morgan Stanley
Morgan Stanley's digital retail brokerage brand, acquired in 2020 for approximately $13 billion, offering self-directed investing, trading, and banking to millions of clients.
online-brokerageinvestingtrading
Competitive Analysis
Market Positioning: Ameriprise Financial competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Ameriprise Financial
Looking for brands with different ownership structures? These similar brands are not owned by Ameriprise Financial, Inc., giving you alternative choices that support different corporate structures.
Finance FintechBarings
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Global asset management firm headquartered in Charlotte, North Carolina, and subsidiary of MassMutual, managing investments across fixed income, real estate, and private markets.
asset-managementinvestmentsfixed-income
Privately Owned
Barings is privately owned, unlike Ameriprise Financial which is under a publicly traded parent company.
Finance FintechCVC Capital Partners
Owned by CVC Capital Partners plc
Global private markets investment brand managing 205 billion euros across private equity, credit, secondaries, and infrastructure funds.
private-equityprivate-marketsasset-management
Privately Owned
CVC Capital Partners is privately owned, unlike Ameriprise Financial which is under a publicly traded parent company.
Finance FintechNuveen
Owned by Teachers Insurance and Annuity Association of America
American asset management brand with about $1.4 trillion in assets under management, operating as the investment management arm of TIAA since 2014.
asset-managementinvestment-managementmutual-funds
Privately Owned
Nuveen is privately owned, unlike Ameriprise Financial which is under a publicly traded parent company.
Finance FintechTrove
Owned by Trove FS, LLC
Independent fee-only multi-family office serving ultra-high-net-worth families, headquartered in Stamford, Connecticut and rebranded from Maestro in 2023.
family-officewealth-managementuhnw
Privately Owned
Trove is privately owned, unlike Ameriprise Financial which is under a publicly traded parent company.
Finance FintechBloomberg Terminal
Owned by Bloomberg L.P.
Industry-standard financial data and analytics platform used by approximately 325,000 subscribers at banks, hedge funds, and institutional investors worldwide.
financial-datamarket-dataanalytics
Privately Owned
Bloomberg Terminal is privately owned, unlike Ameriprise Financial which is under a publicly traded parent company.
Finance FintechBybit
Owned by Bybit Fintech Limited
Dubai-based cryptocurrency exchange, the world's second-largest by trading volume, serving more than 80 million registered users.
crypto-exchangetradingbitcoin
Privately Owned
Bybit is privately owned, unlike Ameriprise Financial which is under a publicly traded parent company.
Ameriprise Financial, Inc. Stock Information
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