Ameriprise Financial is a diversified financial services company with a nearly 130-year history of providing solutions to help clients confidently achieve their financial objectives. The company is a long-standing leader in financial planning and advice offering a broad range of products and services designed to assist individual and institutional clients achieve their financial objectives. Our strategy is centered on helping clients confidently achieve their goals by providing holistic advice and by managing and protecting their assets and income. We utilize two go-to-market approaches in carrying out this strategy: Wealth Management and Asset Management.

Our Advice & Wealth Management business is the primary growth engine of Ameriprise with a significant market opportunity. We are in a compelling position to capitalize on significant demographic and market trends driving increased demand for financial advice and solutions. We are an industry-leading wealth manager with a differentiated advice value proposition. Our network of more than 10,000 financial advisors is the primary channel through which we carry out our wealth management activities. Our capabilities are centered on establishing long-term personal relationships between clients and advisors. Through our affiliated advisors, we offer financial planning and advice, cash management and banking products, and full-service brokerage services, primarily to retail clients.

Our global asset management business, represented by the Columbia Threadneedle Investments® brand, offers a broad spectrum of capabilities to individual, institutional and high net worth investors. Columbia Threadneedle® investment products are primarily offered through third parties, though we also provide our asset management products through our advisor network, direct retail and through our institutional sales force. Our underlying asset management philosophy is rooted in delivering consistently strong, competitive investment performance.

• Employees: 13,800 (approximately)
• Geographic Footprint: 17 key markets globally with investment offices in seven countries
• Headquarters: Minneapolis, Minnesota
• Founded: 1894
• Revenue: $15.5 billion (FY2023)
• Key Subsidiaries/Brands: Columbia Threadneedle Investments, RiverSource

• CEO: James M. Cracchiolo
• CFO: Walter S. Berman
• Other Key Executives: Kelli A. Hunter Petruzillo (Executive Vice President of Human Resources), Dawn M. Brockman (Senior Vice President and Corporate Controller), Deirdre D. McGraw (Executive Vice President-Marketing, Communications and Community Relations), Gerard Smyth (Executive Vice President and Chief Information Officer), Heather J. Melloh (Executive Vice President and General Counsel), Patrick H. O'Connell (Executive Vice President, Ameriprise Advisor Group & Ameriprise Financial Institutions Group), Joseph E. Sweeney (President-Advice & Wealth Management, Products and Service Delivery), William J. (Bill) Williams (Executive Vice President, Ameriprise Franchise Group), Gumer Alvero (President-Insurance & Annuities), William Davies (Executive Vice President and Global Chief Investment Officer), David Logan (Head of EMEA and Global Business Operations, Columbia Threadneedle Investments), William F. (Ted) Truscott (CEO-Global Asset Management)

• Annual Revenue: $15.5 billion (FY2023)
• Net Income: $2.6 billion (FY2023)
• Total Assets: $175.2 billion (as of December 31, 2023)
• Number of Employees: 13,800 (approximately)
• Key Financial Highlights: Assets under management and administration of $1.4 trillion as of December 31, 2023, compared to $1.2 trillion as of December 31, 2022.

Ameriprise offers a broad range of products and services through its brands:

• Ameriprise Financial: Financial planning and advice, cash management and banking products, and full-service brokerage services.
• Columbia Threadneedle Investments: Investment management, advice and products to retail, high net worth and institutional clients on a global scale.
• RiverSource: Annuity and protection products, including life and disability income insurance.

The company operates through four main segments:

• Advice & Wealth Management: Provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through financial advisors.
• Asset Management: Offers investment management, advice and products to retail, high net worth and institutional clients on a global scale.
• Retirement & Protection Solutions: Offers annuity and protection products to meet clients' needs.
• Corporate & Other: Consists of closed blocks of business and net investment income or loss on corporate level assets.

Wealth management drives approximately 85% of the firm's revenue.

Ameriprise's strategy is centered on helping clients confidently achieve their goals by providing holistic advice and by managing and protecting their assets and income. Key strategic initiatives include:

• Growing the Wealth Management business.
• Strengthening asset management offerings.
• Expanding into new global and emerging markets.
• Leveraging the collective capabilities of our global asset management business.
• Investing in technology to maximize advisor productivity and client satisfaction.

Ameriprise operates in the financial services industry and competes with a variety of financial institutions, including registered investment advisers, securities brokers, asset managers, banks and insurance companies. The company is positioned to capitalize on demographic and market trends driving increased demand for financial advice and solutions.

• Market Position: A long-standing leader in financial planning and advice.
• Key Competitors: Registered investment advisers, securities brokers, asset managers, banks and insurance companies.
• Industry Trends: Ongoing transition of baby boomers into retirement, younger generations building wealth, increasing demand for financial advice and solutions.

• Market Risks: Market fluctuations, economic conditions, geopolitical strain, and global health emergencies can adversely affect the company's business and financial results.
• Operational Risks: Cybersecurity threats, system interruptions, and misconduct by employees or advisors could disrupt operations and damage the company's reputation.
• Financial Risks: Changes in interest rates, credit market conditions, and downgrades in credit ratings could impact the company's liquidity, access to capital, and cost of capital.
• Regulatory Risks: The company is subject to numerous federal, state, local and foreign laws and regulations, and changes in these regulations could increase compliance costs and impact the company's business.