MINNEAPOLIS’ - On Saturday, June 29, Ameriprise Financial, Inc. (NYSE: AMP) will mark a remarkable milestone: its 130th anniversary. Founded in Minneapolis in 1894, the firm has evolved into a diversified financial services powerhouse, operating in 18 countries worldwide and serving millions of satisfied clients, institutions, and small businesses. This historic celebration underscores Ameriprise’s unwavering commitment to supporting clients in achieving their long-term financial goals, a testament to its rich legacy and robust future.
With over 21,000 employees and financial advisors, Ameriprise currently manages and administers more than $1.4 trillion in assets. This extensive network of professionals ensures that the firm can deliver tailored, expert financial services to a diverse client base. Whether providing personalized financial advice, retirement planning, or investment management, Ameriprise remains dedicated to fostering financial security and confidence among its clients.
Strategic Partnerships and Growth
Ameriprise’s sustained growth and commitment to client service are further exemplified by its recent strategic moves. Notably, Pacific Crest Planning, a wealth management practice overseeing more than $525 million in client assets, has joined the independent channel of Ameriprise Financial. The team, previously part of RBC Capital Markets, LLC in Kennewick, Washington, decided to affiliate with Ameriprise for greater independence and a more client-focused approach.
Ryan Sullivan, CFP, CLU, ChFC, heads the Pacific Crest Planning team, which includes private wealth advisor Kyle Blodgett, CFP, and financial advisors Niles Gale and Landra Macy, along with four supporting staff members. Sullivan expressed that the move to Ameriprise aligns with the team’s dedication to delivering superior personalized service and tailored financial strategies to their clients.
We were drawn to Ameriprise because of its outstanding reputation for supporting advisors and its client-centric approach. Our goal is always to provide the best possible service and outcomes for our clients, and we believe Ameriprise provides the right platform to do that, said Sullivan.
New Investment Program with Comerica
In another significant development, Ameriprise Financial, Inc. recently closed an arrangement with Comerica, Inc. (NYSE: CMA), appointing Ameriprise Financial Services, LLC, as Comerica’s new investment program provider. This strategic partnership has transitioned specific insurance, brokerage, and investment advisory activities to the Ameriprise Financial Institutions Group (AFIG).
Partnering with Comerica is a significant step in expanding our footprint and enhancing our service capabilities, said Jim Cracchiolo, Chairman and CEO of Ameriprise Financial. Our collaboration will enable us to deliver a broader range of investment products and services to Comerica’s clients, leveraging our combined strengths to meet their financial needs effectively.
Commitment to Client Success
As Ameriprise Financial commemorates its 130 years of service, the firm remains deeply committed to its founding principles of trust, integrity, and client focus. The strategic expansion and partnerships underscore Ameriprise’s mission to empower clients towards financial independence and success.
The milestone anniversary is not just a reflection of Ameriprise’s longevity but also a celebration of its future trajectory. The firm continues to innovate, adapt, and expand its services to meet the evolving needs of clients in an ever-changing financial landscape. With a steadfast commitment to excellence, Ameriprise Financial is poised to maintain its leadership role in the financial services sector for many more decades to come.
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