RiverSource
From Wikipedia, the free encyclopedia
RiverSource is a subsidiary of Ameriprise Financial, Inc. RiverSource is made up of RiverSource Investments, RiverSource Annuities, and RiverSource Insurance.
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.
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[edit] RiverSource Investments
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]
[edit] RiverSource Insurance
RiverSource Insurance offers life insurance and disability insurance for individual investors.
[edit] RiverSource Annuities
RiverSource Annuities offers varied and fixed annuities for individual investors.
