Headquartered in Minneapolis, Ameriprise Financial, through its subsidiaries, provides financial products and services to individual and institutional clients across the United States and internationally. A former subsidiary of American Express that was spun off in 2005, Ameriprise has grown into one of the largest U.S. wealth and asset management firms. The company operates through four business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Insurance.

The Advice & Wealth Management segment delivers personalized financial planning and investment advisory services. The Asset Management segment, conducted primarily through Columbia Threadneedle Investments, offers a range of equity, fixed income, and alternative investment products. Columbia Threadneedle operates in both U.S. and international markets, including a significant presence in Europe. The Retirement & Protection Solutions segment provides annuity products and life and disability insurance, while the Insurance segment distributes insurance and annuity products through unaffiliated distribution networks.

This coverage is provided by Argus Research Group, an independent investment research firm founded in 1934 that produces sell-side equity research for institutional and retail clients.

Analyst Profile: Kevin Heal

Kevin Heal serves as Chief Compliance Officer for the Argus Research Group, where his responsibilities include ensuring that the firm remains SEC compliant and adheres to all applicable rules and regulations. He brings over thirty years of Wall Street experience, having worked with both large investment banks and regional dealers, most recently with the hedge fund Sandler Capital Management. In his role at Argus Research Company, Heal also provides research coverage for select financial institutions. He holds a B.A. in Economics from Northwestern University and maintains the Series 65 registration.

Source: Yahoo Finance / Argus Research