Ameriprise Financial Inc

Spun off from American Express in 2005, Ameriprise Financial has emerged as a major player in the U.S. market for asset and wealth management, with around $970 billion in total assets under management and advisement at the end of 2019. While the company maintains a meaningful presence in annuities and life insurance, it has become an increasingly smaller contributor to earnings as the company's asset and wealth management divisions have grown to over 70% of revenue. Ameriprise has one of the largest branded advisor networks in the industry.