A tradition of commitment since 1894 • a legacy of putting clients first.
John Tappan, age 24, founds Investors Syndicate.
1,000 people invest $5 each.
Assets reach $1 million.
West Coast entrepreneur John R. Ridgeway purchases Investors Syndicate from founder John Tappan and his partners.
During the decade of the Great Depression (1929-1939), Investors Syndicate pays out every dollar on its due date – a total of $101 million to its certificate holders. Assets under management grow from $28 million to $153 million.
Stock market crashes.
Assets reach $100 million.
Investors Syndicate enters the mutual fund market with Investors Mutual Fund. Investors Stock Fund and Investors Selective fund follow in 1945.
Ruth Abrahamson joins the company in 1946 and later becomes the number one female sales representative in the country.
Investors Syndicate changes its name to Investors Diversified Services.
Investors Syndicate Life Insurance and Annuity Company is formed (renamed IDS Life Insurance Company in 1973).
Grady Clark becomes president – the only IDS president from the field force. Under Clark’s watch the IDS sales organization evolves into a highly integrated national network.
American Express Company acquires IDS for $780 million.
Harvey Golub becomes President and CEO of IDS Financial Services.
IDS acquires Wisconsin Employers Casualty Company of Green Bay and renames it IDS Property Casualty Insurance Company.
The Alex Alexander award was created in memory of the company’s long-term top producer. Alex M. Alexander. Mr. Alexander led the company in sales for more than 45 years of his 51-year career. His legacy is honored every year as we recognize our top sales leader.
Assets reach $100 billion.
IDS changes its name to American Express Financial Advisors (AEFA).
James Cracchiolo becomes President and CEO of AEFA, succeeding David Hubers.
AEFA acquires Dynamic Ideas, LLC, the quantitative platform RiverSource Investments.
AEFA increases its international presence by acquiring Threadneedle, a leading British investment firm.
Ameriprise Financial becomes an independent, publicly owned company with more than 12,000 advisors and registered representatives and more than 2.7 million individual, business and institutional clients.
AMP begins trading on NYSE (October 3).
James Cracchiolo becomes Chairman and Chief Executive Officer of Ameriprise Financial.
As part of the company’s branch launch, Ameriprise Financial announces the RiverSource brand, covering the product, investment and distribution businesses.
The company introduces our unique Dream > Plan > Track >® client experience.
The company enters the FORTUNE® 5001 at 297.
Ameriprise Financial acquires J. & W. Seligman and H&R Block Financial Advisors.
Global economic crisis drives broad stock market declines.
When the Reserve Fund “broke the buck” in one of its money market funds and freezes assets, Ameriprise Financial responds by advancing $700 million to help meet clients’ immediate cash needs and developing extensive market volatility resources for advisors.
Ameriprise Financial announced a charitable partnership with Feeding America, the nation’s largest domestic hunger-relief organization.
With the Columbia Management acquisition, Ameriprise Financial becomes the eighth-largest manager of long-term U.S. mutual fund assets.
Ameriprise Financial owned, managed and administered assets reach $600 billion.
Ameriprise Financial earned the second highest trust rating as well as the highest forgiveness rating in investment industry by Temkin Rating. 2
Ameriprise Financial launches its exclusive Confident Retirement® approach nationally.
Assets Under Management and Administration exceed $800 billion.
2015Launch of Columbia Threadneedle Investments brand.
New brand platform launches.