Investors Diversified Services, Inc. - Very Historic Specimen Stock CertificateInv# SE2125 Specimen Stock
Specimen Stock printed by American Bank Note Company.
Investors Diversified Services, Inc. came from what is now Ameriprise Financial, Inc.
Ameriprise Financial, Inc. is an American diversified financial services company. Ameriprise Financial engages in business through its subsidiaries, providing financial planning, products and services, including wealth management, asset management, insurance, annuities, and estate planning.
Ameriprise Financial, Inc., the holding company, is incorporated in Delaware. The company's headquarters are in Minneapolis, Minnesota. James Cracchiolo is the chairman and chief executive officer. The company's primary subsidiaries include Ameriprise Financial Services, Inc., and RiverSource Life Insurance Company. Following a 2015 merger of Columbia Management and Threadneedle Asset Management, Columbia Threadneedle Investments, is Ameriprise Financial's global asset management brand, and a provider of investments to institutional and retail clients.
Ameriprise Financial began life as Investors Syndicate in 1894. Here are a few of the company's key milestones:
- 1894 John Tappan founds Investors Syndicate in Minneapolis, Minnesota.
- 1925 West Coast businessman J. R. Ridgway. merges his investment firm with Investors Syndicate, takes over as president.
- 1937 Upon the death of then 50-year-old J. R. Ridgway from leukemia, 23-year-old J. R. Ridgway, Sr. is appointed president.
- 1940 Investors Syndicate introduces one of the first mutual funds, the Investors Mutual Fund, giving clients new investing options and two advantages: diversification and professional management. By the 1960s, Investors Mutual Fund is the largest balanced mutual fund in the world.
- 1949 Investors Syndicate changes its name to Investors Diversified Services, Inc. (IDS).
- 1958 IDS founds the Investors Syndicate Life Insurance and Annuity Company (now known as RiverSource Life Insurance Company).
- 1974 the IDS Centre (now IDS Center) is opened in downtown Minneapolis as the company's headquarters.
- 1979 Ridgway family sells off last of its ownership interest. IDS became a wholly owned subsidiary of Alleghany Corporation pursuant to a merger.
- 1984 American Express completes acquisition of IDS Financial Services from Alleghany Corporation.
- 1986 IDS acquires Wisconsin Employers Casualty Company of Green Bay and renames it IDS Property Casualty Insurance Company.
- 1994 IDS reaches $100 billion in assets and conducts business under the American Express brand.
- 1995 IDS changes its name to American Express Financial Corporation, doing business as American Express Financial Advisors (AEFA).
- 2003 AEFA acquires London-based Threadneedle Asset Management Holdings.
- 2005 American Express spins off AEFA as an independent company named Ameriprise Financial, Inc., which begins trading on the NYSE under the ticker symbol AMP.
- 2006 Ameriprise Financial launches Ameriprise Bank, FSB.
- 2008 Ameriprise Financial acquires H&R Block Financial Advisors for $315 million, and the asset management firm J. & W. Seligman & Co. for $400 Million; declines U.S. Government financial assistance offered to many major American financial firms during the financial crisis occurring at the time.
- 2009 Ameriprise Financial acquires long-term asset management business of Columbia Management for $1.2 billion from Bank of America.
- 2011 Ameriprise Financial opens services to individuals in India with US$40,000 equivalent minimum income.
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