Ameriprise Financial Inc

Ameriprise Financial provides wealth management, asset management, and insurance/retirement products primarily to retail clients in the US. Its core business is financial advisory services delivered through ~10,600 advisors, managing roughly $1.2 trillion in client assets and earning fees based on assets under management. It also runs Columbia Threadneedle, an institutional and retail asset manager with ~$678 billion in AUM, which generates investment management fees. A third segment sells annuities and life insurance products to its existing advisory clients. In total, the firm oversees about $1.69 trillion across all segments.