Ameriprise 2007 Annual Report Download - page 18

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Total Wrap Ending Assets
$ in billions
RiverSource Variable
Annuity Ending Balances
$ in billions
2005 2006 2007
2005 2006 2007
2005 2006 2007
RiverSource Funds
Ending Assets
$ in billions
0
20
40
60
80
$100
0
10
20
30
40
50
$60
0
20
40
60
80
$100
$94
$76
$58
$40
$77
$82
$87
$49
$57
Client focused
O
ur c
l
ients
h
ave access to pro
d
uct so
l
utions t
h
ey nee
d
, inc
l
u
d
ing cas
h
management,
savin
g
s, borrowin
g
, investin
g
, protection, retirement income and estate plannin
g
.
This contributes to our ability to
g
row owned, mana
g
ed and administered assets
—
which ended the year at $480 billion—and to generate sustainable and diverse
sources o
f
revenue an
d
p
ro
fi
ts
.
W
ith advisors focused on achievin
g
their clients’
g
oals, we
g
rew assets across our
businesses. In 2007, we stren
g
thened our leadership position in wrap pro
g
rams,
with total wrap assets reaching $94 billion;
R
iver
S
ourc
e
variable annuity balances
e
g
rew to $57 billion; RiverSource Funds assets increased to $87 billion; and
RiverSourc
e
life insurance inforce reached $187 billion.
e
Asset management—a balanced approach
O
ur asset management
b
usiness is
b
a
l
ance
d
geograp
h
ica
ll
y, wit
h
RiverSource
I
nvestments primarily servin
g
U.S. clients and Threadneedle primarily servin
g
international investors. Combined, we have
$
287 billion in mana
g
ed assets and
a
b
roa
d
f
ootprint t
h
at a
ll
ows us to reac
h
retai
l
, institutiona
l
an
d
private investors in
t
h
e U.S., Europe, Asia an
d
t
h
e Mi
ddl
e East
.
Durin
g
the year, RiverSource stren
g
thened three- and fi ve-year investment
performance track records and introduced compellin
g
new products, includin
g
the
RiverSource Advanced Alph
a
SM
series o
f
mutua
l
f
un
d
s. We a
l
so
b
roa
d
ene
d
our pro
d
uct
d
istri
b
ution: RiverSource Fun
d
s w
h
o
l
esa
l
ers now
h
ave access to approximate
l
y
1
18,000
b
ro
k
ers an
d
a
d
visors on t
h
ir
d
-
p
arty
b
an
k
an
d
b
ro
k
er-
d
ea
l
er
pl
at
f
orms. To
increase RiverSource brand awareness, we launched a print and online advertisin
g
c
ampai
g
n tar
g
etin
g
fi nancial professionals and demonstratin
g
the depth of our asset
m
anagement capa
b
i
l
ities.
T
h
rea
d
nee
dl
e
d
e
l
ivere
d
its strongest year ever
f
or equity investment per
f
ormance,
with 80 percent of portfolios above the median of their respective U.K. peer
g
roups
a
t year end. In addition to
g
eneratin
g
stron
g
or
g
anic
g
rowth and revenue
d
iversi
fi
cation, T
h
rea
d
nee
dl
e acquire
d
Convivo Capita
l
Management to a
dd
to its
we
ll
esta
bl
is
h
e
d
an
d
expan
d
ing
h
e
d
ge
f
un
d
b
usiness.
16 Ameri
p
rise Financial 2007 Annual Re
p
ort
Growing assets
Assets under management:
$158 billion
Assets under management:
$134 billion
Includes $5.6 billion managed for RiverSource
Data as of Dec. 31, 2007