Knowledge Identifier: &Ameriprise_Financial
Category: Business (2)
Founded in 1894.
Countries: (38%), United States (23%), U.S. (23%)
Linked to: Morningstar, Inc., American Express, Public company, Retirement Income Industry Association
In 1998, Securities America was acquired by American Express
RiverSource - William Truscott, Ameriprise Financial chief investment officer and a former executive with Zurich Scudder Investments in Boston, joined what was American Express Financial Advisors in 2001
In 2005, American Express spun off AEFC as an independent company
American Express - On September 30, 2005, American Express spun off its American Express Financial Advisors unit as a publicly traded company, Ameriprise Financial, Inc.
NASDAQ OMX Group - It received a bid in March 2006 for £2,4 billion from $ NASDAQ, which was rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35,4 million shares, at £11,75 per share
London Stock Exchange - NASDAQ later pulled its bid, and less than two weeks later on 11 April 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35,4 million shares, at £11,75 per share
Following the completion of the acquisition of the long-term asset management business of the Columbia Management Group from Bank of America in April 2010, the company combined RiverSource Investments, its legacy U.S. asset management business, with Columbia Management, under the Columbia Management brand
It is ranked 246 in the 2011 Fortune 500
As of May 2014, Ameriprise has shut down the nascent financial planning division in India citing poor prospects for fee-based advisory services