Ameriprise 2011 Annual Report Download - page 6
Download and view the complete annual report
Please find page 6 of the 2011 Ameriprise annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
 |
 |
Top 5
provider*
retir ement
and advice
4
Unlike other companies that distribute their products widely, we provide our
variable annuities and life and disability insurance exclusively to Ameriprise
clients. We know them well, which improves our underwriting and supports
strong client persistency.
Our annuity and insurance product lines do more than offer income guarantees
and asset protection; they are important contributors to our asset accumulation
goals. Our new RiverSource RAVA 5SM variable annuity proved to be one of
our strongest product launches in years, and our new indexed universal life
insurance product is being well received by advisors and clients.
“ Our new RiverSource RAVA 5SM variable annuity
proved to be one of our strongest product
launches in years, and our new indexed
universal life insurance product is being well
received by advisors and clients.”
Overall, our wealth management and retirement business had a strong year.
Retail client assets were up 2 percent to $310 billion, driven by strong net
inows in wrap accounts and variable annuities. And we made signicant
progress in our ongoing efforts to increase advisor productivity, with operating
net revenue per advisor growing 12 percent in 2011 to a record $384,000.
We also improved the protability of our advisory business considerably. Advice
& Wealth Management operating margin increased to 10.9 percent from 9.6
percent a year ago. And our insurance and annuity businesses continued to
deliver solid returns and provided important revenue and earnings diversity.
An increasingly global asset manager
While many consumers know Ameriprise as a nancial advisory rm, asset
management also plays a critical and expanding role for our company. Our
asset management business ended the year with $436 billion in assets under
management, ranking eighth in long-term mutual fund assets in the U.S., fourth
in retail funds in the U.K. and 27th in global assets under management.