Ameriprise Financial Services, LLC
A subsidiary of Ameriprise Financial
No. advisers: 7,740
Year founded: 1894
Year end: Dec. 31
For More Information
| CEO | Jim Cracchiolo | |
| Recruiting Contact | Manish P. Dave (612) 671-0932 | |
| Compliance Contact | Karen Wilson Thissen Heather Melloh | |
| Marketing Contact | Deirdre D. McGraw | |
| Technology Operations Contact | Gerard Smyth | |
Recruitment & Staffing
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| No. of reps | 7,805 | 7,740 | 7,755 |
| No. of reps, male | — | — | — |
| No. of reps, female | — | — | — |
| No. of producing reps | 7,805 | 7,740 | 7,755 |
| No. of producing reps, male | — | — | — |
| No. of producing reps, female | — | — | — |
| No. of reps producing $100K-$499K /year | 0 | 0 | 0 |
| No. of reps producing $500K+ /year | 0 | 0 | 0 |
| No. of CFPs | 0 | 0 | 0 |
| No. of full-time employees | 0 | 0 | 0 |
| No. of fee-based advisers served | 0 | 0 | 0 |
| Average payout per rep, per year | 0 | 0 | 0 |
| Avg. annual production of top 20% reps | 0 | 0 | 0 |
| Total payout, per year | 0 | 0 | 0 |
| Cost of E&O insurance per rep, per year | — | — | — |
| Affiliation fees charged per rep, per year | — | — | — |
| Affiliation fee coverage | — | — | — |
| $0-$249,999 | $250K-$499,999 | $500K-$749,999 | $750K-$999,999 | $1,000,000+ | |
|---|---|---|---|---|---|
| Mutual funds | Up to 91% | Up to 91% | Up to 91% | Up to 91% | Up to 91% |
| Insurance | Up to 91% | Up to 91% | Up to 91% | Up to 91% | Up to 91% |
| Variable annuities | Up to 91% | Up to 91% | Up to 91% | Up to 91% | Up to 91% |
| Limited parterships | Up to 91% | Up to 91% | Up to 91% | Up to 91% | Up to 91% |
| Securities | Up to 91% | Up to 91% | Up to 91% | Up to 91% | Up to 91% |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total revenues | $5,037,581,832 | $5,068,504,399 | $4,804,002,854 |
| Commission revenues | $1,206,835,451 | $1,196,180,182 | $1,209,816,646 |
| Securities revenues | $108,642,460 | $87,171,854 | $86,894,882 |
| Securities revenues: Stocks | — | — | — |
| Securities revenues: Bonds | — | — | — |
| Securities revenues: ETFs | — | — | — |
| Securities revenues: Other | — | — | — |
| Mutual fund revenues | $520,449,966 | $505,001,060 | $519,952,475 |
| Annuities revenues | $425,431,494 | $442,380,416 | $443,903,295 |
| Annuities revenues: Fixed | — | — | — |
| Annuities revenues: Variable | — | — | — |
| Annuities revenues: Other | — | — | — |
| Insurance revenue | $104,334,521 | $115,736,163 | $120,752,373 |
| Insurance revenues: Life | — | — | — |
| Insurance revenues: Disabilities | — | — | — |
| Insurance revenues: LTC | — | — | — |
| Insurance revenues: Other | — | — | — |
| Alternative revenues | $33,739,893 | $28,905,715 | $22,319,067 |
| Alternative revenues: Hedge funds | — | — | — |
| Alternative revenues: Managed futures | — | — | — |
| Alternative revenues: Private placements | — | — | — |
| Alternative revenues: REITs | — | — | — |
| Alternative revenues: Other | — | — | — |
| Other commission revenues | $14,237,118 | $16,984,065 | $15,994,555 |
| Fee revenues | $3,122,182,868 | $2,838,388,405 | $2,638,804,784 |
| Fee revenues: Rep-managed accounts | — | — | — |
| Fee revenues: Firm-managed accounts | — | — | — |
| Fee revenues: Outside-managed accounts | — | — | — |
| Fee revenues: Other | — | — | — |
| Total revenues: Other | $708,563,513 | $1,033,935,812 | $955,381,424 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total account assets | 0 | 0 | 0 |
| Fee-based assets | 0 | 0 | 0 |
| Fee-based assets: Clearing firm | — | — | — |
| Fee-based assets: Advisory firm platforms | — | — | — |
| Fee-based assets: Third-party money managers | — | — | — |
| Fee-based assets: Other | — | — | — |
| Total account assets: Other | 0 | 0 | 0 |
| Average assets per rep | 0 | — | 0 |
| Social Media & Mobile | |||
| Allows advisers to use social media | Y | ||
| Social media sites allowed | Facebook | ||
| Dedicated mobile application for advisers? | Y | ||
| Primary purpose of mobile application | Ameriprise Advisor Mobile is an app for advisors and staff that links data from several tools together into one, simple interface. It can be accessed from smartphones, tablets and computers anywhere, anytime – providing a seamless and secure way to stay connected with clients while in the office or on the go. | ||
| Software Offered | |||
| Account aggregation software | — | ||
| Compliance software | — | ||
| CRM | — | ||
| Document management | — | ||
| Financial planning | — | ||
| Portfolio management | — | ||
| Portfolio rebalancing | — | ||
| Robo-advice | |||
- Notes
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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