Ameriprise 2014 Annual Report Download - page 22

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On September 30, 2005, American Express consummated a distribution of the shares of AEFC to American Express
shareholders, 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. and J. & W. Seligman & Co.
Incorporated (‘‘Seligman’’). We also 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, which significantly enhanced the scale and performance of our retail mutual
fund and institutional asset management businesses.
In 2011, we completed the sale of Securities America Financial Corporation and its subsidiaries (‘‘Securities America’’) to
Ladenburg Thalmann Financial Services, Inc. Securities America had provided a platform for the affiliation of independent
advisors and registered representatives to conduct business without utilizing the Ameriprise brand. The sale allowed us to
focus our efforts on servicing and developing our branded advisor network.
In January 2013, we completed the conversion of our federal savings bank subsidiary, Ameriprise Bank, FSB (‘‘Ameriprise
Bank’’), to a limited powers national trust bank now known as Ameriprise National Trust Bank. In connection with this
conversion, we terminated deposit-taking and credit-originating activities of Ameriprise Bank. In addition, Ameriprise
Financial was deregistered by the Federal Reserve as a savings and loan holding company and is no longer subject to
supervision and regulation as such. We continue to make certain deposit and credit products available to our clients via
referral arrangements with respected third-party financial institutions.
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
Columbia Management
Investment
Distributors, Inc.
RiverSource Life
Insurance Company
IDS Property Casualty
Insurance Company
Ameriprise Certificate
Company
Ameriprise Trust
Company
Ameriprise National
Trust Bank
American Enterprise
Investment
Services Inc.
AMPF Holding
Corporation
RiverSource
Distributors, Inc.
Ameriprise Financial
Services, Inc.
RiverSource Life
Insurance Co. of
New York
J. & W. Seligman
& Co. Incorporated
Columbia Management
Investment Services
Corp.
The 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’’), our primary provider of investment management products and services outside of the U.S.
Threadneedle’s results of operations are included in our Asset Management segment.
Columbia Management Investment Advisers, LLC (‘‘Columbia Management’’) serves as the investment adviser for the
majority of funds in the Columbia Management family of funds (‘‘Columbia Management funds’’) and to U.S. and non-U.S.
institutional accounts and private funds. Its results of operations are included in our Asset Management and Corporate &
Other segments.
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