Ameriprise Financial, Inc. is a leading financial services provider that offers a range of financial products and services to both individual and institutional clients in the United States and around the world. The company operates through four different segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, brokerage products and services, investment advisory accounts, mutual funds, insurance and annuities, cash management, and banking products. The Asset Management segment offers investment management and advice to retail, high net worth, and institutional clients through third-party financial institutions and an institutional sales force. The Retirement & Protection Solutions segment provides variable annuity and protection products to individual and retail clients. The company was founded in 1894 and is based in Minneapolis, Minnesota. It was previously known as American Express Financial Corporation before changing its name to Ameriprise Financial, Inc. in September 2005.