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Minneapolis, Minnesota-based Ameriprise Financial, Inc. (AMP) provides various financial products and services to individual and institutional clients in the U.S. and internationally. With a market cap of $46.7 billion, Ameriprise operates through Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other segments.
Companies worth $10 billion or more are generally described as "large-cap stocks," Ameriprise fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the asset management industry. The company has a nationwide network of approximately 10,000 financial advisors with expertise to serve the full range of individual and institutional investors' financial needs.