American Express Financial Advisors Inc. (Minneapolis)

Name: American Express Financial Advisors Inc.
Address: 50611 Ameriprise Financial Center, Minneapolis, MN, 55474
Telephone: 612-671-3662

American Express Financial Advisors Inc. is a large advisory firm based in Minneapolis. It manages $37.26 billion of regulatory assets for 371,100 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

American Express Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers, and market timing services. It prepares financial plans for approximately 225,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

American Express Financial Advisors: assets under management

The assets under management (AUM) of American Express Financial Advisors Inc. is $37.26 billion. The firm's AUM has grown by 81% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.92 billion in discretionary accounts and $35.34 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.19 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $99.17 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay American Express Financial Advisors Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 American Express Financial Advisors Inc.

Steven Craig Kumagai has been acting as President since 1 Feb 1994. Kurt Walker Lofgren joined the executive team most recently as the Vice President And Chief Compliance Officer U.S. Retail Distribution.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
American Express Financial Corporation	Shareholder	1 May 1979	75% - 100%	13-3180631
Inc. Ameriprise Financial	Shareholder	1 May 1979	75% - 100%	13-3180631
David Ray Hubers	Chairman, ceo & president	1 Aug 1993	Other	1528153
Steven Craig Kumagai	Director	1 Feb 1994	Other	1184683
Douglas Albert Lennick	Director	1 Mar 1994	Other	306592
Stuart Alan Sedlacek	Cfo	1 Mar 1998	Other	1384871
Colleen M Curran	Vp, executive representative & assistant general counsel	1 Oct 1998	Other	1561042
Verna Jean Kaufman	Srop & crop	1 Oct 1998	Other	1626258
John Carl Junek	General counsel	1 Jun 2000	Other	xxx-xx-xxxx
Barry J Murphy	Executive vice president - retail group	1 Sep 2000	Other	2552832
Daniel Arthur Gibbons	Srop	1 Nov 2000	Other	2114836
James Michael Cracchiolo	President and ceo	1 Nov 2000	Other	4251944
Beth Ellen Weimer	Chief compliance officer	1 Jun 2001	Other	xxx-xx-xxxx
William Frederick Truscott	Cio	1 Sep 2001	Other	2416857
Diane Dee Lyngstad	Cfo and vice president - compensation and licensing servcies	1 Sep 2001	Other	2536158
Barbara Helen Fraser	Executive vice president - products and corporate marketing	1 Jun 2002	Other	3023984
David Kent Stewart	Acting cfo	1 Jul 2002	Other	2990869
Joseph Edward Sweeney	Senior vice president, general manager - us brokerage and membership banking	1 Apr 2003	Other	4668713
Mark Edward Schwarzmann	Senior vice president - insurance and annuities	1 Feb 2004	Other	4742555
Brian Michael Heath	Senior vice president - advisor group	1 Feb 2004	Other	1258626
Rebecca Koenig Roloff	Senior vice president - global financial services	1 May 2004	Other	2085971
Walter S Berman	Director	1 May 2004	Other	4500271
Kim Michele Sharan	Senior vice president, chief marketing office	1 Jun 2004	Other	736812
Daniel Halverson	Srop	1 Nov 2004	Other	2691757
Daniel Dean Halvorson	Srop	1 Nov 2004	Other	2624716
Kurt Walker Lofgren	Vice president and chief compliance officer - u.s. retail distribution	1 Jul 2005	Other	3048472

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 American Express Financial Advisors Inc. performs its advisory services is located at 50611 Ameriprise Financial Center, Minneapolis, MN 55474, which is also the mailing address of the firm. An additional office of the firm is in Youngstown, OH. 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 612-671-3767. 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 finance/americanexpress.com/finance/advisors.asp.