Here are 1-3 brief analogies for Ameriprise Financial (AMP):

• A Charles Schwab focused more on personalized financial advice.
• Like a Fidelity Investments that also specializes in insurance and annuities.
• A blend of Edward Jones and Northwestern Mutual.

• Financial Advisory Services: Provides comprehensive financial planning and personalized investment guidance for individuals and families.
• Wealth Management: Offers a range of services including brokerage accounts, investment strategies, and portfolio management to grow and protect client assets.
• Asset Management: Manages investment portfolios and funds for institutional and retail clients globally through its Columbia Threadneedle Investments subsidiary.
• Annuities: Sells financial products designed to provide a guaranteed income stream, primarily for retirement planning.
• Insurance Products: Offers various insurance solutions, including life, disability income, and long-term care insurance, to mitigate financial risks.

Ameriprise Financial (symbol: AMP) primarily serves individual customers. Its customer base can be broadly categorized into the following groups:

• Wealth Management and Financial Planning Clients: These are individuals who engage Ameriprise's network of financial advisors for comprehensive financial planning, investment advice, retirement planning, and ongoing wealth management services. This segment typically includes affluent to high-net-worth individuals seeking a holistic approach to manage and grow their financial assets.
• Retirement and Protection Product Purchasers: This category comprises individuals who purchase specific financial products from Ameriprise, such as variable and fixed annuities for retirement income, and life and disability insurance products for personal and family protection. These customers are primarily focused on acquiring specific solutions for long-term security and income needs.

James M. Cracchiolo, Chairman and Chief Executive Officer

James M. Cracchiolo has over 45 years of experience in financial services. He led the spin-off of American Express Financial Advisors from American Express in 2005, establishing Ameriprise Financial as an independent, publicly traded firm, which was the sixth largest spin-off in U.S. history at the time. Prior to this, he served as Group President of American Express Global Financial Services from 2000 to 2005, and held positions such as Chairman and CEO of American Express Financial Advisors, Chairman of American Express International Bank, and CEO of Travel Related Services International. He also served as Executive Vice President and Chief Financial Officer of Shearson Lehman Brothers, then a unit of American Express, from 1990 to 1993. He holds a bachelor's degree in accounting and economics and an MBA in finance from New York University.

Walter S. Berman, Executive Vice President and Chief Financial Officer

Walter S. Berman has served as Executive Vice President and Chief Financial Officer of Ameriprise Financial since 2005. He initially joined American Express, Ameriprise Financial's former parent company, in 1965, holding various roles until 1996, including Senior Vice President and Treasurer of American Express Travel Related Services (TRS), Chief Financial Officer of American Express International, and Chief Financial Officer of TRS. After leaving American Express in 1996, he held senior financial positions at other major companies, such as Treasurer of IBM from 1999 to 2000 and Chief Financial Officer of Global Vacation Group from 1997 to 1999. He returned to American Express in 2001. He earned a degree in accounting from Brooklyn College.

Gerard Smyth, Executive Vice President and Chief Information Officer

Gerard Smyth has served as the Chief Information Officer and Executive Vice President of Ameriprise Financial since August 2020. His prior experience includes serving as Executive Vice President of Technology for the AWM Business and working with American Express, the Australian Stock Exchange, and Qantas Airways.

William Davies, EVP and Global Chief Investment Officer – Columbia Threadneedle Investments

William Davies is the EVP and Global Chief Investment Officer for Columbia Threadneedle Investments. In this role, he is responsible for overseeing the investment teams and strategies.

Gumer Alvero, President – Insurance & Annuities

Gumer Alvero serves as the President of Insurance & Annuities at Ameriprise Financial. He is responsible for leading the company's Insurance & Annuities business.

Intensifying Fee Compression in Asset Management due to Passive Investment Growth. Ameriprise Financial's Columbia Threadneedle Investments, which largely comprises actively managed funds, faces continuous pressure on fees and assets under management as investors increasingly gravitate towards lower-cost passive index funds and exchange-traded funds (ETFs). This market trend relentlessly erodes profit margins and market share for traditional active managers.

The Advancing Sophistication and Adoption of AI and Digital-First Financial Planning Platforms. While Ameriprise has invested in technology to support its advisors, the broader financial services landscape is experiencing rapid innovation in AI-driven financial planning tools and digital-first advisory platforms. These platforms offer personalized advice and portfolio management at a lower cost, directly challenging the traditional human-advisor model, particularly for younger generations of investors who prioritize digital convenience and transparent pricing. This could gradually erode the client base and revenue per client for Ameriprise's Advice & Wealth Management segment.

Ameriprise Financial (AMP) operates in several key markets with substantial addressable market sizes:

• Wealth Management:
  • Globally, the wealth management market was valued at approximately $1.8 trillion in 2023 and is projected to reach $2.5 trillion by 2028 and $3.5 trillion by 2033.
  • In the U.S., the wealth management market held $64.4 trillion in assets under management (AUM) in 2024 and is expected to grow to $87.35 trillion by 2028.
  • The United States holds 54.2% of the total global assets under management (AUM) in 2025, with global AUM reaching $162 trillion.
• Asset Management:
  • The global asset management industry grew to a record-breaking $128 trillion in assets under management (AuM) in 2024.
  • The U.S. asset management market is valued at USD 63.28 trillion in 2025 and is forecast to expand to USD 112.17 trillion by 2030.
  • The global asset management market size was valued at USD 432.77 billion in 2024 and is projected to grow to USD 1,122.04 billion by 2032. North America held the dominant asset management market share in 2023, valuing at USD 178.01 billion, and in 2024 with USD 202.22 billion.
• Annuities:
  • The U.S. annuity market continues to lead globally, with sales projected to exceed $520 billion in 2025. Total U.S. annuity sales were $432.4 billion in 2024. Projections suggest total U.S. annuity sales in 2025 will range between $364 billion and $410 billion.
  • The global annuity insurance market is projected to grow from $990.4 billion in 2024 to $1,313.46 billion by 2029, with the market expected to reach $1,050.84 billion in 2025.
• Protection (Insurance):
  • The U.S. insurance market size was valued at USD 1.48 trillion in 2023 and is predicted to reach USD 2.39 trillion by 2030. U.S. insurance industry net premiums written totaled $1.7 trillion in 2024. The United States life and non-life insurance market size reached USD 3.239 trillion in 2025 and is forecast to touch USD 3.851 trillion by 2030.
  • The global insurance market size was valued at $9.0 trillion in 2023 and is projected to reach $28.5 trillion by 2032. The global insurance market size is expected to reach $8330.31 billion in 2025 and $10850.18 billion by 2029.

Ameriprise Financial (AMP) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

1. Growth in Client Assets and Fee-Based Flows: The company consistently highlights asset growth and positive client inflows, particularly into fee-based investment advisory accounts, as a primary driver of revenue. For instance, adjusted operating net revenues increased due to asset growth across multiple quarters. In Q3 2025, assets under management, administration, and advisement reached a record high of $1.7 trillion, up 8%, which directly contributed to a 9% increase in adjusted operating net revenues. Client assets in Wealth Management also grew nicely to a record $1.1 trillion with $29 billion of flows over the past year.
2. Enhanced Advisor Productivity and Recruitment: Ameriprise is focused on strengthening its advisor force through strong recruitment and improving the productivity of its existing advisors. In Q3 2025, advisor productivity grew 10% to a new high of $1.1 million, and the company recruited 90 experienced advisors. Similar strong recruitment and increased advisor productivity were noted in Q2 2025.
3. Expansion of Banking and Wealth Management Products: The introduction and growth of new banking products and enhanced wealth management capabilities are anticipated to capture a larger share of clients' wallets. The successful launch of the Signature Wealth platform and the expansion of banking products, including new CDs and upcoming Home Equity Lines of Credit (HELOCs) and checking accounts, were cited as opportunities to improve client asset management efficiency and wallet share.
4. Strategic Investments in Technology and Client Experience: Ameriprise continues to invest in technology, including AI and digital capabilities, and initiatives aimed at enhancing the client experience and firm-wide operational transformation. These strategic investments are designed to support sustained growth and profitability. General and administrative expenses have shown improvements, reflecting benefits from these strategic initiatives.
5. Positive Equity Market Performance: Favorable equity market conditions are a significant external factor that contributes to Ameriprise's revenue growth by driving appreciation in assets under management. This was noted as a contributor to strong financial results in Asset Management, with operating earnings increasing due to equity market appreciation.

Share Repurchases

• Ameriprise Financial authorized an additional $4.5 billion for the repurchase of its common stock from April 24, 2025, through June 30, 2027. As of April 23, 2025, approximately $138 million remained from a previous authorization made in July 2023.
• In July 2023, the company authorized an additional $3.5 billion for share repurchases through September 30, 2025.
• Ameriprise returned $2.4 billion in share repurchases over the trailing twelve months through June 30, 2025. In Q3 2025 alone, common stock share repurchases amounted to $687 million.

Outbound Investments

• In November 2021, Ameriprise Financial completed the acquisition of BMO Financial Group's EMEA Asset Management business for £615 million, approximately $829 million, in an all-cash transaction. This acquisition added approximately $131 billion in assets under management (AUM).

Capital Expenditures

• Ameriprise Financial reported a capital expenditure of -$38.00 million for the three months ended June 2025.