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.

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.

John Tappan founded Investors Syndicate in Minneapolis in 1894 to sell certificates of deposit. The business evolved through Investors Diversified Services (IDS), building a national advisor force.

American Express acquired IDS in 1984, operating it as American Express Financial Advisors and later American Express Financial Corporation, and added the Columbia Management asset business and RiverSource insurance arms.

In September 2005 American Express spun the business off to shareholders as Ameriprise Financial, Inc., listing on the NYSE under AMP. The new company consolidated asset management under the Columbia Threadneedle name internationally and kept the Ameriprise brand for advice and protection.

Under Jim Cracchiolo — CEO since the spinoff — the company focused on the advice-led, fee-heavy model, growing assets to a record $1.7 trillion by year-end 2025 and building one of the industry's best returns on equity.

Ameriprise publishes annual corporate sustainability and impact reporting covering its advisor workforce, community investment, and governance. The Ameriprise Financial Foundation is a significant Twin Cities corporate donor.

Advisor-facing compliance is the sector's routine scrutiny: sales practice, fee transparency, and product suitability under Reg BI are supervised by FINRA and the SEC.

• Wall Street Journal Best-Managed Companies of 2025: Top 250 ranking.
• TIME America's Most Iconic Companies 2026: Top 50 placement.
• J.D. Power satisfaction: Consistent recognition in wealth management satisfaction studies.