Ameriprise Advisor Services, Inc. (Detroit)

Name: Ameriprise Advisor Services, Inc.
Address: 719 Griswold, Detroit, MI, 48226
Telephone: 313-628-1200

Ameriprise Advisor Services, Inc. is a large advisory firm based in Detroit. It manages $2.38 billion of regulatory assets for 18,734 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Ameriprise Advisor Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and market timing services. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ameriprise Advisor Services: assets under management

The assets under management (AUM) of Ameriprise Advisor Services, Inc. is $2.38 billion. The firm's AUM has gone down by -17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $39.06 million in discretionary accounts and $2.34 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $23.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $137.31 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ameriprise Advisor Services, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Ameriprise Advisor Services, Inc.

Donald E Froude has been acting as President since 1 Dec 2008. Jeffrey Joseph Scherman joined the executive team most recently as the Cfo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lisa Sue Fildes	Secretary	1 Oct 1988	Other	1596975
Hrb Financial Corporation	Shareholder	1 Apr 1992	75% - 100%	38-2722519
Ampf Holding Corporation	Shareholder	1 Apr 1992	75% - 100%	38-2722519
David Creswell Andrew	Chief legal officer, senior vice president	1 Jul 2000	Other	2984773
Ernest Robert Smith	Vice president	1 Feb 2004	Other	2362379
Dan Michael Mcaskin	Vice president, director of operations, director	1 Nov 2005	Other	1099566
Joan Kelly Cohen	President, ceo, director	1 Mar 2006	Other	4489006
Michael William Townsend	Vp, divisional director	1 Mar 2006	Other	2244230
Douglas Lowell Ii Barnard	Vp, divisional director	1 Mar 2006	Other	2212346
Andrew Milton Iii Kistler	Vp, divisional director	1 May 2006	Other	1198130
Kenneth Anthony Madsen	Vice president, regulatory affairs & risk management	1 Sep 2006	Other	1126819
David Timothy Doyle	Vice president, chief compliance officer	1 Sep 2006	Other	2552281
Paul L Mozak	Chief financial officer; vp of finance	1 Dec 2007	Other	5050015
Timothy John Clifford	Vp, enterprise scale & tax partnering	1 Feb 2008	Other	1061464
David Edward Geschke	Svp, chief operating officer, director	1 Apr 2008	Other	1618774
Donald E Froude	Director	1 Dec 2008	Other	1002120
James Michael Cracchiolo	Director	1 Jan 2009	Other	4251944
Joseph Edward Sweeney	Director	1 Jan 2009	Other	4668713
Patrick Hugh O'connell	Svp, divisional director	1 Jan 2009	Other	2246285
Donald E Froude	President, ceo, director	1 Apr 2009	Other	1002120
Jeffrey Joseph Scherman	Cfo	1 Apr 2009	Other	4338820

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Ameriprise Financial	Shareholder	1 Nov 2008	75% - 100%	13-3180631

Based in Detroit

The principal office where Ameriprise Advisor Services, Inc. performs its advisory services is located at 719 Griswold, Detroit, MI 48226, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach Gardens, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 313-628-1200 or by fax 313-628-1414. The normal business hours are 8:00 am - 5:00 pm et on Monday - Friday. You can find more information about the New York firm at investment-center.hrblock.com.