SEC-registered wealth management firm Broker-dealer affiliated
Ameriprise Financial Services, LLC
As of its Form ADV filed September 25, 2026, Ameriprise Financial Services, LLC, an SEC-registered, broker-dealer affiliated wealth management firm in Minneapolis, Minnesota, reported $660.5 billion in regulatory assets under management across 2,424,045 accounts, ranking #1 among all wealth firms in Minnesota by assets.
Registration
- Main office
- Minneapolis, MN
- Registration
- SEC-registered, Approved
- CRD number
- 6363
- SEC file number
- 801-28543
- Registered since
- December 5, 1986
- Latest Form ADV filing
- September 25, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 158
Key figures
- Regulatory assets under management
- $660.5 billion
- Discretionary
- $356.3 billion (53.9%)
- Non-discretionary
- $304.2 billion
- Accounts
- 2,424,045 (1,522,835 discretionary)
- Clients
- 1,510,678, approximate as reported
- Employees
- 14,056
- Advisory staff
- 12,681 performing investment advisory functions
- Average account
- $272,468
- Asset growth, 1 year
- 17.0% (from $564.6 billion a year earlier)
- Asset growth, 3-year annual rate
- 16.8% (from $414.4 billion three years earlier)
- Asset growth, 5-year annual rate
- 12.0% (from $374.3 billion five years earlier)
- Client growth, 1 year
- 3.4% (from 1,460,884)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $81.3 billion |
| October 3, 2011 | $97.5 billion |
| October 1, 2012 | $103.4 billion |
| October 1, 2013 | $124.6 billion |
| October 1, 2014 | $153.5 billion |
| October 1, 2015 | $172.9 billion |
| October 3, 2016 | $178.1 billion |
| October 2, 2017 | $198.0 billion |
| October 1, 2018 | $244.2 billion |
| October 1, 2019 | $248.3 billion |
| October 1, 2020 | $313.3 billion |
| October 4, 2021 | $374.3 billion |
| October 3, 2022 | $458.1 billion |
| October 5, 2023 | $414.4 billion |
| October 1, 2024 | $479.8 billion |
| September 2, 2025 | $564.6 billion |
| October 2, 2026 | $660.5 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 183,925 clients | $368.5 billion | |
| Individuals (other than high net worth) 1,189,138 clients | $278.4 billion | |
| Pension and profit sharing plans 7,105 clients | $5.0 billion | |
| Corporations or other businesses 3,260 clients | $4.1 billion | |
| Charitable organizations 2,335 clients | $3.0 billion | |
| State or municipal government entities 540 clients | $1.4 billion | |
| Insurance companies 11 clients | $8.6 million | |
| Other 15 clients | $4.8 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
- Publication of periodicals or newsletters
- Educational seminars or workshops
- Other
Financial planning clients (Item 5.H): 628500.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Commodity pool operator or commodity trading advisor
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 12,975
- Also registered through a broker-dealer
- 12,938
- Employees who are IARs (Form ADV 5.B(3))
- 12,771
Designations held by the firm's IARs: CFP 1,764, ChFC 362, CFA 45, PFS 9.
Between 1,379 and 8,503 of the firm's 12,975 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 19 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Minnesota
| Firm | City | RAUM |
|---|---|---|
| Wealth Enhancement Advisory Services, LLC | Plymouth | $122.2 billion |
| Thrivent Investment Management Inc. | Minneapolis | $20.8 billion |
| Cliftonlarsonallen Wealth Advisors, LLC | Minneapolis | $14.4 billion |
| Northrock Partners, LLC | Minneapolis | $12.2 billion |
| Fiduciary Counselling Inc | St. Paul | $10.1 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Ameriprise Financial Services, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.ameriprise.com
- Wealth management firms in Minnesota
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.