Ids Life Insurance Company (Minneapolis)

Name: Ids Life Insurance Company
Address: 50611 Axp Financial Center, Minneapolis, MN, 55474
Telephone: 612-671-3662

Ids Life Insurance Company is a large advisory firm based in Minneapolis. It manages $15.15 billion of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2001.

Ids Life Insurance Company provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ids Life Insurance Company: assets under management

The assets under management (AUM) of Ids Life Insurance Company is $15.15 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $15.15 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $582.7 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ids Life Insurance Company for their services and products based on a percentage of assets under management and performance-based fees. 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 Ids Life Insurance Company

Paul Frederick Kolkman has been acting as President since 1 Mar 1994. David Kent Stewart joined the executive team most recently as the Acting Cfo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
American Express Financial Corporation	Shareholder	1 Aug 1957	75% - 100%	13-3180631
Richard William Kling	Director , president & ceo	1 Mar 1994	Other	1526256
Paul Frederick Kolkman	Director	1 Mar 1994	Other	1526257
Barry J Murphy	Director	1 Mar 1994	Other	2552832
Colleen M Curran	Vp & executive representative	1 Oct 1998	Other	1561042
Stuart Alan Sedlacek	Director & cfo	1 Jun 1999	Other	1384871
Pamela J Moret	Director, cob, evp - variable assets	1 Feb 2000	Other	1092043
Teresa Joy Rasmussen	Vp, general counsel	1 Aug 2000	Other	xxx-xx-xxxx
Timothy Vernon Bechtold	Director, president	1 Apr 2001	Other	1621000
Gumer Cruz Alvero	Director	1 Apr 2001	Other	1975307
Beth Ellen Weimer	Chief compliance officer	1 Jun 2001	Other	4424584
Stephen Wesley Roszell	Director	1 Jan 2002	Other	1961116
John Theodore Sweeney	Director, evp-finance	1 Mar 2002	Other	1720682
David Kent Stewart	Acting cfo	1 Jul 2002	Other	2990869
Barbara Helen Fraser	Director, ceo, chairman	1 Jul 2002	Other	3023984

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
American Express Company	Shareholder	1 Jan 1984	75% - 100%	13-4922250

Based in Minneapolis

The principal office where Ids Life Insurance Company performs its advisory services is located at 50611 Axp Financial Center, Minneapolis, MN 55474, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-671-3662 or by fax 612-678-1168. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.americanexpress.com.