Ameriprise Financial Completes First Year as an Independent, Public Company.Company Spun-off on Sept. 30, 2005 from American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. ; AMP Stock Began Trading on Oct. 3, 2005 MINNEAPOLIS -- Ameriprise Financial Ameriprise Financial, Inc. (NYSE: AMP) is a company offering financial advice and products. It is the successor to American Express Financial Advisors (AEFA), which was a subsidiary of the American Express Company. , Inc. (NYSE NYSE See: New York Stock Exchange :AMP), today is celebrating its one-year anniversary as an independent, public company. Remarking on the anniversary, Jim Cracchiolo, chairman and chief executive officer, issued the following statement: "Over the past year, we have made great progress in establishing Ameriprise Financial as an independent financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and services leader and have strengthened our ability to meet the financial needs of the large and growing number of mass affluent Mass affluent and emerging affluent are marketing terms used to refer to the growing high end of the mass market. It is most commonly used by the financial services industry to refer to individuals with US$100,000 to US$1,000,000 of liquid financial assets,[1] consumers. "I am extremely pleased with how smoothly and successfully we were able to execute one of the largest spin-offs in U.S. history. Since independence, we have established the Ameriprise Financial brand, grown our overall client assets and expanded our product solutions and services. Importantly, we also delivered solid business results and value to our shareholders, surpassing our revenue and net income on-average, over-time financial targets and improving return on equity. I attribute these achievements to the tremendous efforts and commitment of our employees and financial advisors. "As we move forward, we believe our personalized approach to financial planning and broad capabilities will create even greater opportunities to help clients define and reach their retirement dreams." Ameriprise Financial, Inc. is a leading financial planning and services company with more than 12,000 financial advisors and registered representatives that provides solutions for clients' asset accumulation, income management and insurance protection needs. The company's financial advisors deliver tailored solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The company specializes in meeting the retirement-related financial needs of the mass affluent. Financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and investments are available through Ameriprise Financial Services, Inc. Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For more information, visit www.ameriprise.com. Note to reporters: Information about the company is available on the About Us section of ameriprise.com. Note to editors: Mr. Cracchiolo will ring The Closing Bell(SM) today at the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . * Photos will be available via Associated Press/New York (212.621.1902), Reuters America (646.223.6285) and Bloomberg Photo (212.617.3420). * The Closing Bell(SM) feed (starting at 3:55 p.m. eastern) will be available via fiber line at Ascent media #1630. A satellite feed of the Closing Bell will be available from 3:50 - 4:01 p.m. (ET) via Galaxy 11, Ku-band, Transponder 15. Located at 91 west. Downlink frequency: 12003 Horizontal. * A live webcast will be available on the homepage of www.nyse.com. [c] 2006 Ameriprise Financial, Inc. All rights reserved. |
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