RiverSource Funds include more than 60 retail mutual funds and more than 20 variable portfolio mutual funds sold in variable annuity and variable insurance products offered by RiverSource Annuities and RiverSource Insurance. RiverSource Funds are currently available to individual and institutional U.S. investors. The more than 60 retail mutual funds had approximately $60 billion in assets under management as of June 30, 2005.
The forerunner to RiverSource was established in 1894 as Investors Syndicate in Minneapolis, Minnesota. The syndicate changed its name to Investors Diversified Services, Inc. (IDS) in 1950.
In 1984 American Express bought IDS and integrated it into its own financial services division. In 2005, American Express spun off American Express Financial Advisors and it became an independent company named Ameriprise Financial. The new company created the RiverSource brand name for certain products and product lines.[1]
William (Ted) Truscott, Ameriprise Financial chief investment officer and a former executive with Zurich Scudder Investments in Boston, joined what was then American Express Financial Advisors in 2001. He changed the structure of the mutual fund business by opening "boutique" offices in places such as Boston, Cambridge, Minneapolis and London, where portfolio managers hand-pick staff and develop their own investment strategies appropriate to the funds.
Data as of 9/30/2006 Morningstar Fund Family Snapshot [1]
InsuranceEdit
RiverSource Insurance offers fixed and variable life insurance and disability insurance for individual investors.
AnnuitiesEdit
RiverSource Annuities offers variable and fixed annuities for individual investors.
ReferencesEdit
^"About RiverSource". RiverSource. Retrieved May 30, 2014.
External linksEdit
Official website
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riversource, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, relies, excessively, references, primary, sources, please, improve, this, article, adding, s. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources RiverSource news newspapers books scholar JSTOR July 2020 Learn how and when to remove this template message The topic of this article may not meet Wikipedia s notability guidelines for companies and organizations Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention If notability cannot be shown the article is likely to be merged redirected or deleted Find sources RiverSource news newspapers books scholar JSTOR December 2020 Learn how and when to remove this template message Learn how and when to remove this template message RiverSource RiverSource Life Insurance Company is a US based Investment management and life insurance firm which is a subsidiary of Ameriprise Financial Inc RiverSource is made up of RiverSource Investments RiverSource Annuities and RiverSource Insurance and is based in Minneapolis RiverSource logoRiverSource Funds include more than 60 retail mutual funds and more than 20 variable portfolio mutual funds sold in variable annuity and variable insurance products offered by RiverSource Annuities and RiverSource Insurance RiverSource Funds are currently available to individual and institutional U S investors The more than 60 retail mutual funds had approximately 60 billion in assets under management as of June 30 2005 Contents 1 History 2 Products 2 1 Investments 2 2 Insurance 2 3 Annuities 3 References 4 External linksHistory EditThe forerunner to RiverSource was established in 1894 as Investors Syndicate in Minneapolis Minnesota The syndicate changed its name to Investors Diversified Services Inc IDS in 1950 In 1984 American Express bought IDS and integrated it into its own financial services division In 2005 American Express spun off American Express Financial Advisors and it became an independent company named Ameriprise Financial The new company created the RiverSource brand name for certain products and product lines 1 Products EditInvestments Edit RiverSource Investments provides mutual funds for individual investors and investment strategies for institutional investors William Ted Truscott Ameriprise Financial chief investment officer and a former executive with Zurich Scudder Investments in Boston joined what was then American Express Financial Advisors in 2001 He changed the structure of the mutual fund business by opening boutique offices in places such as Boston Cambridge Minneapolis and London where portfolio managers hand pick staff and develop their own investment strategies appropriate to the funds Data as of 9 30 2006 Morningstar Fund Family Snapshot 1 Insurance Edit RiverSource Insurance offers fixed and variable life insurance and disability insurance for individual investors Annuities Edit RiverSource Annuities offers variable and fixed annuities for individual investors References Edit About RiverSource RiverSource Retrieved May 30 2014 External links EditOfficial website nbsp nbsp This article about a financial services corporation of the United States is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title RiverSource amp oldid 1148921727, wikipedia, wiki, book, books, library,
