Summary
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 billion 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.
Financial Highlights
38 data points| Revenue | $10.26B |
| Operating Expenses | $8.98B |
| Operating Income | $1.03B |
| Net Income | $1.03B |
| EPS (Basic) | $4.70 |
| EPS (Diluted) | $4.62 |
| Shares Outstanding (Basic) | 218.70M |
| Shares Outstanding (Diluted) | 222.80M |
Key Highlights
- 1Ameriprise Financial reported $681 billion in assets under management and administration as of December 31, 2012, reflecting strong growth and client trust.
- 2The company emphasizes its integrated financial planning model and a network of over 9,700 advisors, highlighting its leading position in wealth management.
- 3Global asset management capabilities are supported by Columbia Management (U.S.) and Threadneedle (international), managing a significant portion of the company's assets.
- 4The company is focused on capitalizing on demographic trends, such as the retirement of baby boomers, driving demand for financial advice and solutions.
- 5Technological investments include a comprehensive advisor platform aimed at enhancing productivity and client service.
- 6Ameriprise Financial's financial strength and commitment to client goals are reinforced by its long history and diversified business segments.
- 7The 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.