Ameriprise Financial (AMP)

Advice and wealth management is the main engine of the business, contributing the majority of operating profit. Ameriprise benefits from recurring fee revenue tied to client assets, as well as transactional and spread-based income that can vary with markets and interest rates. At year-end 2025, the company reported nearly $1.2 trillion in assets under management and administration in this segment and around 10,600 advisors, making it one of the larger wealth managers headquartered in the United States.

The group also owns Columbia Threadneedle Investments, a global asset management franchise offering equity, fixed income, multi-asset, and alternative strategies to retail and institutional clients. Columbia Threadneedle gives Ameriprise a broader presence beyond its advisor channel and had $678 billion in assets under management at year-end 2025.

Ameriprise’s retirement and protection solutions segment provides insurance and annuity products, mainly to clients within its advisory ecosystem. This business adds product depth to the firm’s planning model, although it carries different capital, regulatory, and interest-rate sensitivities than wealth management. Across its segments, after eliminations, Ameriprise reported $1.69 trillion in assets under management and administration at year-end 2025.