Ameriprise Financial, Inc. provides financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through two segments, Asset Accumulation and Income, and Protection. The Asset Accumulation and Income segment offers own and other companies’ mutual funds, as well as own annuities and other asset accumulation and income management products and services to retail clients through financial advisor network. It also offers annuity products through outside channels, such as banks and broker-dealer networks. This segment also serves institutional clients in the separately managed account, subadvisory, and 401(k) markets. The Protection segment offers various life insurance, disability income, and brokered insurance products through financial advisor network. It also offers personal auto and home insurance products on a direct basis to retail clients principally through strategic marketing alliances. The company also operates Ameriprise Bank, FSB in Minneapolis and Phoenix, which offers a suite of products to meet clients' borrowing, cash management, and personal trust needs. The bank offers home lending program, including mortgages, home equity loans, and lines of credit through financial advisor network. The company was founded in 1894 under the name Investors Syndicate and changed its name to Investors Diversified Services, Inc. in 1949. It further changed its name to American Express Financial Corporation in 1994 and to Ameriprise Financial, Inc. in 2005. Ameriprise Financial is headquartered in Minneapolis, Minnesota.
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