Broker-dealer firm · Minneapolis, MN
Ameriprise Financial Services, LLC
SEC-registered investment adviser · CRD 6363 · SEC 801-28543
At a glance
Ameriprise Financial Services, LLC is an SEC-registered investment adviser based in Minneapolis, Minnesota, with $660.5 billion in regulatory assets under management as of its Form ADV filed September 25, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 1,373,063 individual clients. By Form ADV it is a broker-dealer firm, ranked 7th of 391 broker-dealer firms and 38th of 17,210 SEC-registered advisers by assets.
Main office 612-671-3131ameriprise.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $660B
- Rank among broker-dealer firms
- #7 of 391
- Rank among all SEC RIAs
- #38 of 17,210
- Rank in Minnesota
- #1 of 276
- Individual clients
- 1,373,063
- High-net-worth clients
- 183,925
- Accounts
- 2,424,045
- Discretionary
- 54% of AUM
- Employees
- 14,056
- Advisory staff
- 12,681
- Offices
- 159
Owners and executives on its Form ADV
- Mitchell David DorenRegion Vice President (texas Designated Officer)
- Theodore Robert HorwithVice President - Controller, Chief Financial Officer and Principal Financial Officer
- William Jerryl WilliamsPresident, Director, Chairman and Chief Executive Officer
- Brett FlansburgSenior Vice President and Chief Compliance Officer
- Gumer Cruz AlveroBoard Director
- Joseph Francis GerdesChief Operations Officer/principal Operating Officer
- Stephen Jr EheleDirector, Senior Vice President, Chief Operating Officer - Field
Custody and brokerage
Custodian
- American Enterprise Investment ServicesAffiliate of the firm$564B
Broker-dealer
Hybrid RIA
Ameriprise Financial Services, LLC is a hybrid RIA: 13,441 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: American Enterprise Investment Services Inc., Columbia Management Investment Distributors, Inc., Columbia Threadneedle Investments Japan Co., Riversource Distributors, Inc., Threadneedle Investment Services Limited, Threadneedle Portfolio Services AG and Threadneedle Portfolio Services Hong Kong Limited.
- American Enterprise Investment Services Inc. ↗CRD 26506
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Columbia Management Investment Distributors, Inc. ↗CRD 840
- Columbia Threadneedle Investments Japan Co.
- Riversource Distributors, Inc. ↗CRD 139135
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Threadneedle Investment Services Limited
- Threadneedle Portfolio Services AG
- Threadneedle Portfolio Services Hong Kong Limited
Its Form ADV brochure (filed September 2026) names Ameriprise Financial Services and American Enterprise Investment Services as the broker-dealer its advisers are registered with.
For purposes of Form ADV Part 2 certain Ameriprise Financial Services management persons are registered representatives of Ameriprise Financial Services in its capacity as a broker-dealer, registered representatives of American Enterprise I
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 183,925 | $368B | 56% |
| Individuals | 1,189,138 | $278B | 42% |
| Pension and profit sharing plans | 7,105 | $5.0B | <1% |
| Corporations or other businesses | 3,260 | $4.1B | <1% |
| Charitable organizations | 2,335 | $3.0B | <1% |
| State or municipal government entities | 540 | $1.4B | <1% |
| Insurance companies | 11 | $9M | <1% |
| Other | 15 | $5M | <1% |
Disciplinary disclosures
Ameriprise Financial Services, LLC answers yes to 243 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗ameriprise.com ↗
AtlasMembers
The full record on Ameriprise Financial Services, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 184 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 6Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Ameriprise Financial Services, LLC manage?
Ameriprise Financial Services, LLC reports $660.5 billion in regulatory assets under management across 2,424,045 accounts, 54% of it on a discretionary basis, on its Form ADV filed September 25, 2026.
What kind of firm is Ameriprise Financial Services, LLC?
Ameriprise Financial Services, LLC is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Ameriprise Financial Services, LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($368.5 billion, 183,925 clients); individuals ($278.4 billion, 1,189,138 clients); pension and profit sharing plans ($5.0 billion, 7,105 clients).
Does Ameriprise Financial Services, LLC have any disciplinary history?
Ameriprise Financial Services, LLC answers yes to 243 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Ameriprise Financial Services, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →