Ameriprise Financial Inc.

AMP is a diversified financial services holding company whose subsidiaries include: One of the largest U.S. independent retail brokerage and wealth management franchises, with more than 10,200 financial advisers and $758 billion in total client assets; RiverSource Life (RVSL), a life and annuity insurance company, one of the top 15 U.S. writers of variable annuities and top 10 for variable universal life; and Columbia Threadneedle, a global asset management firm with $584 billion in assets under management. Our stable outlook on AMP reflects our expectation that it will continue to post solid profitability and maintain supportive capitalization and good liquidity across the group, with retention of earnings supporting modest balance sheet growth. We could lower the ratings over the next

...Our ratings on Ameriprise Financial Inc. (AMP) reflect the group's unique combination of insurance and noninsurance wealth management and banking businesses and sound financial management. AMP benefits from diverse cash flows available to service the holding company debt and some fungibility of excess capital across the group. AMP is a diversified financial services holding company whose subsidiaries include: + One of the largest U.S. independent retail brokerage and wealth management franchises, with more than 10,200 financial advisers and $758 billion in total client assets; + RiverSource Life (RVSL), a life and annuity insurance company, one of the top 15 U.S. writers of variable annuities and top 10 for variable universal life; and + Columbia Threadneedle, a global asset management firm with $584 billion in assets under management. We think the group has a strong diversified business with a solid market position and high recurring revenue, as well as customer and franchise synergies...

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