01—Abstract
Summary
Summary of the 10-K filed February 27, 2013. Cited figures are marked; the original filing is the authoritative source.
Ameriprise Financial, Inc. (AMP) filed its 2012 10-K on February 27, 2013, detailing a robust financial services company with significant assets under management and administration, totaling $681 billiona as of December 31, 2012.
The company operates across five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. Its strategy centers on providing comprehensive financial planning and solutions to individual and institutional clients through a network of over 9,700 advisors. The report highlights a stable business model with a strong emphasis on long-term client relationships in wealth management, complemented by global asset management capabilities through Columbia Management and Threadneedle.
Despite a challenging economic environment, Ameriprise demonstrated resilience, with growth in key areas like assets under management and administration. The company also detailed its ongoing strategic initiatives, including technological enhancements to advisor platforms and a client-centric "Confident Retirement" approach, underscoring its commitment to client success and advisor productivity.
02—Key points
Key Highlights
- Ameriprise Financial reported $681 billion in assets under management and administration as of December 31, 2012, reflecting strong growth and client trust.
- The company emphasizes its integrated financial planning model and a network of over 9,700 advisors, highlighting its leading position in wealth management.
- Global asset management capabilities are supported by Columbia Management (U.S.) and Threadneedle (international), managing a significant portion of the company's assets.
- The company is focused on capitalizing on demographic trends, such as the retirement of baby boomers, driving demand for financial advice and solutions.
- Technological investments include a comprehensive advisor platform aimed at enhancing productivity and client service.
- Ameriprise Financial's financial strength and commitment to client goals are reinforced by its long history and diversified business segments.
- The company is actively managing its business mix, including the recent conversion of its federal savings bank subsidiary, Ameriprise Bank, FSB, to a limited powers national trust bank.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2012filed February 27, 2013Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $10.26B$10.24B | +0.2% |
| Operating Expenses | $8.98B$8.74B | +2.7% |
| Operating Income | $1.03B$1.18B | −12.3% |
| Net Income | $1.03B$1.12B | −7.8% |
| EPS (Basic) | $4.70$4.62 | +1.7% |
| EPS (Diluted) | $4.62$4.53 | +2.0% |
| Shares Outstanding (Basic) | 218.70M241.40M | −9.4% |
| Shares Outstanding (Diluted) | 222.80M246.30M | −9.5% |
05—Questions
Frequently Asked Questions
What were Ameriprise Financial's total assets under management and administration as of December 31, 2012?
As of December 31, 2012, Ameriprise Financial had $681 billion in assets under management and administration.
How does Ameriprise Financial structure its go-to-market approach?
Ameriprise Financial utilizes two primary go-to-market approaches: Wealth Management, centered on advisor-client relationships and financial planning, and Asset Management, providing investment advice and products globally through Columbia Management and Threadneedle.
What is Ameriprise Financial's strategy to capitalize on market trends?
The company aims to capitalize on demographic and market trends, such as the retirement of baby boomers, by providing financial advice and solutions, leveraging its differentiated financial planning model, broad product range, and demonstrated financial strength.
What are the main segments of Ameriprise Financial's business?
Ameriprise Financial's business is organized into five operating segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.
06—Continue