Introduction

Ameriprise Financial is the successor to American Express Financial Corporation (AEFC), a former subsidiary of the American Express Company which was formed in 1894 by John Tappan. In 2005, American Express spun off AEFC as an independent company. AEFC's new name, Ameriprise Financial, Inc. came into effect August 1, 2005. Based in Minneapolis, USA and also have corporate offices throughout the United States and across the globe, including Madrid, Singapore, Dubai, Hongkong, London, Paris and Gurgaon, Greater Noida & Mumbai in India.

Ameriprise Financial engages in business through its subsidiaries that provide a wide range of financial planning, products and services. They have over $650 billion in assets under management and administration. Areas in which they assist are as follows: Cash Flow Management Strategies. Education Planning. Investments & Insurance. Retirement Planning Strategies. Tax Planning Strategies. Wealth Preservation Strategies. Estate Planning Strategies.

International Operations
In 2003, American Express Financial Corporation acquires London-based Threadneedle Asset Management Holdings. In 2008, Threadneedle acquired Invesco Perpetual's full service defined contribution pension business with total assets of 470m, followed by acquisition of Standard Chartered Banks World Express Funds investment funds business in 2009. In August 2011 it was announced that Threadneedle would acquire the investment assets of Liverpool Victoria amounting to some 8 billion which gave access to Brazil, South-East Asia, Middle East and Australia.

 It entered Indian market in 2006. and begun operations in the 1st financial quarter of 2011 to provide financial planning and advisory services to Indian consumers. The name of Indian Operations is Sapphire. Ameriprise India Pvt. Ltd is the first international name to offer pure financial planning and wealth management advice market. Ameriprise India has established offices in Delhi, Gurgaon, Greater Noida and Mumbai, with a plan to expand to other Indian metro areas in the future. In India it caters to individuals having more than 20 LPA of income. It is also planning to cater to individuals having 5 to 20 LPA of income.

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