Ameriprise 2013 Annual Report Download - page 9
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Asset Management assets
under management
in billions
2009
2010
2011
2012
2013 $501
$455
$436
$457
$243
Ameriprise Financial Annual Report 2013 7
ensuring we deliver on the commitment we make to our clients
to be here for them for decades to come.
Building a global asset manager
Today, in our Asset Management segment, Ameriprise manages
$501 billion in assets for retail, institutional and high-net-worth
clients from ofces in the U.S., U.K. and Asia. Through
our acquisitions and steady investment, we’ve transformed our
business and signicantly expanded our distribution reach to
compete both locally and globally.
Last year, we grew AUM by 10 percent and delivered strong
nancial results, generating $715 million in pretax operating
earnings, up 28 percent from a year ago, and expanding our
adjusted net pretax operating margin from 34.6 percent to a
competitive 37.8 percent.
Through Columbia Management and Threadneedle Investments,
we hold top-10 positions in our home markets of the U.S. and
U.K., respectively. We are generating competitive investment
performance and earned numerous awards in 2013 in multiple
countries. Together, we have 117 four- and ve-star Morningstar-
rated funds.
Our teams at Columbia and Threadneedle are collaborating across
multiple areas of the business for the benet of our clients.
Investors now have access to an even broader range of our equity,
xed income and risk management capabilities, including in key
global asset classes such as emerging market equity and debt,
global bonds and global asset allocation. In addition to our
investment and research sharing, we are now running our
institutional business globally, enabling us to promote our full
product portfolio.
The global investment management opportunity is attractive. It’s
projected that global categories could represent nearly $2 trillion
of net ows through 2017, and we feel very good about our ability
to compete for a solid share. It’s a core focus and a complement
to our local strength as we aim to move the business to net
inows over time.