Minnesota Businesses- Ameriprise Financial and Who Bought Wells Fargo?

Industry Observer

The financial components of America would be lacking considerable girth without its Minnesota components.  Have you heard of Wells Fargo?  Of course you have, and you may not know that Wells was acquired by Minnesota's Norwest Bank in 1998.  Although Norwest was the acquirer, the historical significance of the Wells Fargo brand survived, and the functional result of the acquisition was a merger of equals.  Minnesota lost one of the more prominent figures in its financial industries arsenal when the combined company chose California as their new corporate home.  There are still a few substantial names in Minnesota's headquartered financial citizenry.

Not just a bank, but definitely a familiar name in money matters is Ameriprise Financial, a company that was founded in 1894, and continues today to have its headquarters in Minneapolis.  The company has changed names from Investors Syndicate, it original title, to Investors Diversified Services, to American Express Financial Advisors, to it s current Ameriprise Financial.  It is a provider of financial planning and retirement products, investment, banking and cash management, and insurance.

Ameriprise is the largest financial planning firm in the United States, with more Certified Financial Planners than any other company and serving over two million clients.  The company has made numerous acquisitions over the last several years including H & R Block, Columbia Asset management Group, and J&W Seligman.  A financially healthy company, Ameriprise refused TARP money.

Ameriprise Financial is ranked by Fortune as the twelfth largest publicly traded company in Minnesota.  It trades on the Nasdaq Exchange under the symbol AMP, and it has a long history of profitability and pays a nice stockholder dividend too.  Minnesota's business climate is served well with Ameriprise Financial a substantial component and a great member of the Minnesota business family.  If your business is looking for a better place to call home, look to Minnesota.   



Posted by

 Mike Carlier  Lakeville, MN





This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate General Information
Minnesota Bloggers (Don'cha know)
Chicagoland and Northern Illinois Real Estate
minnesota businesses
ameriprise financial

Spam prevention
Show All Comments
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Minnesota is the best place to call home, but let's not spread the word to much. 

I have also had dealing with Ameriprise in the past.

Jun 14, 2012 03:53 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Mike Carlier

More opinions than you want to hear about.
Everyone has opinions -- what's yours?