Ameriprise Financial, Inc.

“Ameriprise Financial, Inc. is a diversified financial services company with a more than 130-year history of providing solutions to help clients confidently achieve their financial objectives.”

“We are a long-standing leader in financial planning and advice with $1.7 trillion in assets under management, administration, and advisement as of December 31, 2025.”

“Certain of our subsidiaries are registered with the U.S. Securities and Exchange Commission (“SEC”) as broker-dealers under the Securities Exchange Act of 1934”

“Outside of the U.S., Columbia Threadneedle is authorized to conduct its financial services business in the U.K. under the Financial Services and Markets Act 2000.”

“Our global asset management business, represented by Columbia Threadneedle Investments® as a key brand, offers a broad spectrum of capabilities to individual, institutional and high net worth investors.”

“The results of operations of the CIEs are reflected in the Corporate & Other segment.”

“We provide financial planning and advice, as well as full-service brokerage services, to more than 3.5 million retail clients through our financial advisors.”

“Our primary target market is households with $500,000 to $5,000,000 in investable assets.”

“a significant portion of our revenue is derived from investment management agreements with the Columbia Management family of mutual funds or other investment managers which are terminable on 60 days’ notice”

“We offer a choice in how advisors can affiliate with us to grow their practices through one of our four advisor channels that provide advisors with different levels of support and compensation”

“Mutual fund offerings from our Columbia funds as well as approximately 130 unaffiliated mutual fund families, representing approximately 2,125 mutual funds on our brokerage platform”

“Through our “RiverSource Life companies” or “RiverSource”, which is the combination of RiverSource Life Insurance Company (“RiverSource Life”) and RiverSource Life Insurance Co. of New York (“RiverSource Life of NY”, we make available annuity, insurance and disability income products.”

“We discontinued the sale of new fixed annuities and variable annuities with living benefits, which we believe will lessen this risk over time.”

“because our independent contractor advisor platform is structured as a franchise system, we are also subject to Federal Trade Commission and state franchise requirements”

“current shareholders in our mutual funds, closed-end funds, ETFs, hedge funds, OEICs, SICAVs, unit trusts, investment trusts and other pooled investment vehicles”

“Certain of our insurance, annuity, investment products, wrap fees and banking products are sensitive to interest rate fluctuations”

“A significant portion of revenues in this segment are fee-based and driven by the level of client assets, which is impacted by both market movements and net flows.”

“We have an established fund range domiciled in Luxembourg (both UCITS and Alternative Investment Funds) and Ireland, along with Luxembourg-based and Netherlands-based affiliated management companies.”

“Our acquisitions have included, among others, Threadneedle Asset Management Holdings, H&R Block Financial Advisors, Inc., J. & W. Seligman & Co. Incorporated, Columbia Management, Investment Professionals, Inc., and, most recently, BMO Financial Group’s European-based asset management business.”

“On April 22, 2025, our Board of Directors authorized $4.5 billion for the repurchase of our common stock through June 30, 2027. As of December 31, 2025, we had $2.6 billion remaining under this share repurchase authorization.”

“the ongoing transition of baby boomers into retirement, as well as younger generations currently building their wealth and planning for retirement, continues to drive demand for financial advice and solutions”

“We continue to execute on our strategy to grow our Advice & Wealth Management business with complementary Asset Management and Retirement & Protection Solutions businesses.”

“an increase in cash of $741 million from the issuance of long-term debt in the current year, offset by a $789 million increase in net cash outflows from investment certificates”

“statements about the expected trend in the shift to lower-risk products, including the exit from variable annuities with living benefit riders”

“Ameriprise Financial became a savings and loan holding company subject to regulation, supervision and examination by the Board of Governors for the Federal Reserve System (“FRB”)”

“Our broker-dealer subsidiaries are also members of self-regulatory organizations, including the Financial Industry Regulatory Authority (“FINRA”)”

“The regulation has been stayed by the courts and is awaiting resolution.”

“RiverSource Life payments in excess of statutory unassigned funds require advanced notice to the Minnesota Department of Commerce (“MN DOC”), RiverSource Life’s primary regulator, and are subject to potential disapproval.”

“Regulations require that minimum net capital, as defined, be equal to the greater of $250 thousand or 2% of aggregate debit items arising from client balances.”

“The FCA recently introduced the Consumer Duty that sets higher expectations for the standard of care that firms provide to retail consumers.”

“Adverse capital and credit market conditions or a downgrade in our credit ratings may significantly affect our ability to meet liquidity needs, our access to capital and our cost of capital.”

“If there is a return to a period of prolonged low interest rates, our spread may be reduced or could become negative.”

“management believes that our agreement and offsetting non-LTC legacy arrangements with GLIC will enable RiverSource Life to recover on all net exposure in all material respects in the event of a rehabilitation or insolvency of GLIC.”

“Collateral requirements for the hedging program are market-sensitive, and certain market environments (e.g., rising interest rates) will result in increased needs for liquidity to satisfy these requirements.”