Ameriprise 2010 Annual Report Download - page 19

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In 1979, IDS became a wholly owned subsidiary of Alleghany Corporation pursuant to a merger. In 1983, our company
was formed as a Delaware corporation in connection with American Express’ 1984 acquisition of IDS Financial Services
from Alleghany Corporation. We changed our name to ‘‘American Express Financial Corporation’’ (‘‘AEFC’’) and began
selling our products and services under the American Express brand in 1994. To provide retail clients with a more
comprehensive set of products and services, we began significantly expanding our offering of the mutual funds of other
companies in the late 1990s. In 2003, we acquired the business of Threadneedle Asset Management Holdings.
On September 30, 2005, American Express consummated a distribution of the shares of AEFC to American Express
shareholders (the ‘‘Distribution’’), at which time we became an independent, publicly traded company and changed our
name to ‘‘Ameriprise Financial, Inc.’’ In 2008, we completed the acquisitions of H&R Block Financial Advisors, Inc.,
Brecek & Young Advisors, Inc. (‘‘Brecek & Young’’) and J. & W. Seligman & Co. Incorporated (‘‘Seligman’’), which further
expanded our retail distribution and our asset management capabilities. Also in 2008, we initiated the disposition of our
institutional trust and custody business and completed that restructuring in early 2009. In 2010, we completed the
acquisition of the long-term asset management business of Columbia Management from Bank of America. This acquisition,
the integration of which is expected to be completed in 2011, is expected to further enhance the scale and performance
of our retail mutual fund and institutional asset management businesses.
Our Organization
The following is a depiction of the organizational structure for our company, showing the primary subsidiaries through which
we operate our businesses. The current legal entity names are provided for each subsidiary.
Ameriprise Financial, Inc.
Threadneedle Asset
Management Holdings
Sàrl
Columbia Management
Investment Advisers,
LLC
RiverSource Life
Insurance Company
RiverSource
Distributors, Inc.
Securities
America Financial
Corporation
Ameriprise
Financial
Services, Inc.
American
Enterprise Investment
Services Inc.
AMPF Holding
Corporation
RiverSource Life
Insurance Co. of
New York
Ameriprise Bank, FSB
Columbia Management
Investment Services
Corp.
IDS Property Casualty
Insurance Company
Ameriprise Certificate
Company
Ameriprise Trust
Company
Columbia Management
Investment
Distributors, Inc.
J. & W. Seligman
& Co. Incorporated
Following is a brief description of the business conducted by each subsidiary noted above, as well as the segment or
segments in which it primarily operates.
•Threadneedle Asset Management Holdings S` arl is a Luxembourg-based holding company for the Threadneedle group of
companies (‘‘Threadneedle’’), which provides investment management products and services to clients in the United
Kingdom, Europe, the Middle East and the Asia-Pacific region independent from our other affiliates. Operating under its
own brand name, management organization and operating, compliance and technology infrastructure, Threadneedle’s
results of operations are included in our Asset Management segment.
•Columbia Management Investment Advisers, LLC (‘‘CMIA’’, formerly RiverSource Investments, LLC) serves as investment
adviser for the majority of funds in the Columbia family of mutual funds (‘‘Columbia funds’’) and to institutional
accounts. Its results of operations are included in our Asset Management and Corporate & Other segments.
•J. & W. Seligman & Co., Incorporated is a holding company for the Seligman group of companies. Seligman’s results
of operations are included in our Asset Management segment.
•Columbia Management Investment Distributors, Inc. (formerly RiverSource Fund Distributors, Inc.) is a broker-dealer
subsidiary that serves as the principal underwriter and distributor for our Columbia funds. Its results of operations are
included in our Asset Management segment.
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