Ameriprise 2014 Annual Report Download - page 10
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AUM by asset type
Equity Money market
Fixed income Alternative
Hybrid and other
55%
38%
2%
4%
1%
AUM by client type
Retail Alternative
Institutional Owned Assets
56%
36%
7%1%
Strong global
asset manager
$506 billion in AUM
Locations in 18 countries
118 four- and ve-star funds
11th largest manager of
long-term funds in the U.S.
Fifth largest retail
manager in the U.K.
(Data as of 12-31-14, see source
information on pg. 14)
In addition, we have a good Auto & Home insurance
business in a highly competitive industry. We’ve
consistently grown our policy count, focusing on afnity
channels, and have earned a strong reputation for
service and satisfaction. More recently, we increased
reserves related to prior-year auto liability claims. We are
taking the right steps to strengthen the business and
believe we can protably grow and continue to serve
more clients as we move forward.
In terms of nancials, Annuity and Protection pretax
operating earnings were $879 million in 2014, reecting
higher non-cash expenses, as well as the impact of low
interest rates. That said, the underlying performance
of our annuity, life and health businesses was in line
with our expectations.
The Protection and Annuities businesses are key
contributors to Ameriprise. While we expect a slower
growth rate over time than Advice & Wealth Management
and Asset Management, they are important to our
diversied model and client experience. We’ll continue
to work with clients and advisors to educate them on
the benets these products can provide.
Building a global asset manager
Asset management industry AUM is projected to grow
considerably in the U.S. and U.K.-Europe, where
Columbia Management and Threadneedle Investments
operate from positions of strength, and at even higher
rates in Asia-Pacic, Latin America and the Middle East,
where we are establishing a strong foothold.
Over the years, we’ve built a competitive business
through both organic growth and acquisitions. Our
talented teams at Columbia and Threadneedle have
been working for more than two years to bring together
2014 | 98 | Annual Report 2014