Ameriprise 2015 Annual Report Download - page 13
Download and view the complete annual report
Please find page 13 of the 2015 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
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
 |
 |
Annual Report 2015 | 11
was muted from a ows perspective given
continued out ows in the Acorn® Fund. The
fund’s short-term performance has improved
as a result of the enhancements we’ve made,
including adding an experienced lead portfolio
manager who came on board at the end of
the year.
In European retail, we’re building on our
leadership position in the U.K. where we are a
top ve provider and expanding our presence
in key markets on the continent, including Italy.
In addition to new product launches, we added
key talent to our European and U.K. equities
This includes third party institutional, where
it was a challenging year for the industry given
geopolitical and other market-driven pressures.
While we were not immune to these pressures,
the institutional business remains strong. We
are generating good performance in equity, xed
income and alternative strategies, as well as
within our multi-asset solutions business. Our
pipeline of new sales opportunities is strong.
I believe that we have the capabilities, consultant
relationships and deep understanding of
institutional client needs to move the business
to a tier one position.
teams. And while the market environment
dampened retail ows in the region at mid-year,
ows rebounded in the fourth quarter as market
conditions improved.
Outside of our core growth markets of the
U.S. and U.K./Europe, we’re targeting speci c
markets where we can serve more individual
and institutional clients and gain share — Asia,
the Middle East and other regions are attractive
long-term opportunities for us as we expand
our distribution capabilities and investors’
understanding of Columbia Threadneedle.
In terms of nancials, the decline in assets
under management pressured revenues,
but consistent with our expense discipline,
we managed expenses well, delivered good
earnings and generated a competitive adjusted
net pretax operating margin of more than 38%.
We have built a strong and pro table asset
management business — a long-term growth
driver for Ameriprise. We are focused on
generating pro table net in ows, and I am
con dent that we have the right strategy
and team in place to execute our long-term
growth agenda.
54%37%
2%
2%
5%
56%35%
2%7%
Equity
Fixed income
Money market
Alternative
Hybrid and other
AUM by asset type
Retail
Institutional
Alternative
Owned Assets
AUM by client type
$472b $472b
Data as of Dec. 31, 2015