internal
James M. Cracchiolo
Chairman and Chief Executive Officer
Executive
21 yr
16 reports
Ameriprise Financial, Inc. ·AMP
Two business CEOs run alongside the group CEO
Financials · Fortune #230 · Divisional structure · 14K employees · Minneapolis, MN
View as of:
5
CEO span
↓ tighter than peers (avg 10)
2.3
Avg span
tight
4
Max depth
4 levels
11.4 yr
Avg tenure
stable vs FY2025
80%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$18.9B
Net income
$3.6B
Total assets
$190.9B
Shares out
91M
Sourced from Ameriprise Financial, Inc. DEF 14A · filed 2026-03-20 ↗ View on SEC
Interactive org chart
Ameriprise Financial, Inc. organizational chart
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Ameriprise Financial is structured around two major business CEOs—Global Asset Management and Advice & Wealth Management—who report directly to the group CEO. This page maps the divisional org, executive team, governance, compensation, and recent leadership changes with peer context.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Joseph E. Sweeney departed as President, Advice & Wealth Management Products & Service Delivery
Announced retirement effective April 3, 2026.
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO to consolidate operational oversight across business lines and reduce CEO span.
- AWM President Retirement Succession Remove the retiring AWM President role pending appointment of a successor.
Atlas work this supports
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The people
Who's running this
6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Walter S. Berman
Executive Vice President, Chief Financial Officer
Finance
15 yr
3 reports
internal
William F. Truscott
Chief Executive Officer, Global Asset Management
Global Asset Management
7 yr
2 reports
internal
Joseph E. Sweeney
President, Advice & Wealth Management Products and Service Delivery
Advice & Wealth Management
9 yr
2 reports
William Davies
Executive Vice President, Global Chief Investment Officer
Investments
5 yr
2 reports
internal
Wendy B. Mahling
Senior Vice President, Corporate Secretary & Securities and Corporate Law
Legal
10 yr
2 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.
James M. Cracchiolo $30.8M
- Base salary
- $1.25M
- Stock awards
- $5.51M
- Option awards
- $3.99M
- Non-equity incentive
- $7.75M
- Pension change
- $2.19M
- Other
- $642K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Walter S. Berman $10.1M
- Base salary
- $675K
- Stock awards
- $1.35M
- Option awards
- $1.15M
- Non-equity incentive
- $3.20M
- Pension change
- $1.02M
- Other
- $186K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
5×Director cash retainer
Directors are expected to hold shares worth five times the annual cash retainer.
The businesses
How Ameriprise Financial, Inc. divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Global Asset Management
4K employees
CEO, Global Asset Management (William F. Truscott)
Manages proprietary and third-party investment products globally.
Advice & Wealth Management
7K employees
President, Advice & Wealth Management (Joseph E. Sweeney)
Provides financial planning, advice, and brokerage services to clients.
Finance
800 employees
CFO (Walter S. Berman)
Oversees financial reporting, capital management, and treasury.
The thesis
Why this org is unusual
Two business CEOs—Global Asset Management and Advice & Wealth Management—report directly to the group CEO, rather than being consolidated under a COO.
This creates a divisional structure where major P&L leaders sit at the same level as functional chiefs. The org shows clear separation between investment manufacturing (Global Asset Management) and distribution/advice, with finance, risk, and legal centralized at the corporate level.
- No COO role
- Two business-line CEOs report to CEO
The comparison
How Ameriprise Financial, Inc. stacks up
Compared with peers like Morgan Stanley and Schwab, Ameriprise is more explicitly divisional, with standalone business CEOs rather than a single wealth or asset management head. The absence of a COO mirrors firms that favor direct CEO oversight of business lines, but results in a relatively wide CEO span.
C-suite size
Reporting depth
Ameriprise Financial, Inc.
4 levels
5 levels
5 levels
6 levels
T. Rowe Price
5 levels
Avg C-suite tenure
Has COO / Has CAIO
Ameriprise Financial, Inc. — no COO — no CAIO
T. Rowe Price — no COO — no CAIO
Current signals
What changed recently
The most significant recent change is the announced retirement of Advice & Wealth Management President Joseph E. Sweeney in April 2026.
- departedJoseph E. Sweeney President, Advice & Wealth Management Products & Service Delivery
Announced retirement effective April 3, 2026.
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2026
DEF 14A filed 2026-03-20
- CEO
- James M. Cracchiolo
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 11.4 yr
Leadership remains stable with long-tenured executives and divisional CEOs.
Named executive officers (5)
- James M. Cracchiolo - Chairman and CEO since 2005
- Walter S. Berman - CFO since 2011
- William F. Truscott - CEO, Global Asset Management since 2018
- Joseph E. Sweeney - President, Advice & Wealth Management since 2017
- William Davies - Global CIO since 2020
FY2025
10-K filed 2026-02-19
- CEO
- James M. Cracchiolo
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 10.8 yr
No major C-suite changes during FY2025.
Named executive officers (5)
- James M. Cracchiolo - Chairman and CEO since 2005
- Walter S. Berman - CFO since 2011
- William F. Truscott - CEO, Global Asset Management since 2018
- Joseph E. Sweeney - President, Advice & Wealth Management since 2017
- William Davies - Global CIO since 2020
Year-over-year changes
The key change was the announced retirement of the AWM President, signaling an upcoming succession.
- departed Joseph E. Sweeney - President, Advice & Wealth Management (8-K Feb 12, 2026)
The board
Board of directors
8 directors. 7 of 8 independent (88%). Source: most recent DEF 14A.
James M. Cracchiolo
Chair Inside
Chairman and CEO, Ameriprise Financial
Robert F. Sharpe, Jr.
Lead Indep. Independent
Former President, ConAgra Foods
Also on: New Frontier Foods
Dianne Neal Blixt
Independent
Former EVP & CFO, Reynolds American
Also on: Scandinavian Tobacco Group, Triad Business Bank
Amy DiGeso
Independent
Former EVP Global HR, Estée Lauder
Christopher J. Williams
Independent
Chairman, Siebert Williams Shank
Also on: Clorox, Union Pacific
Glynis A. Bryan
Independent
Former CFO, Insight Enterprises
Liane J. Pelletier
Independent
Former CEO, Alaska Communications
Also on: Expeditors International, Frontdoor
Brian T. Shea
Independent
Former Vice Chairman & CEO, BNY Mellon Investment Services
The board, organized
Board committees
3 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit and Risk Committee
100% independent
- Christopher J. Williams Chair
- Dianne Neal Blixt
- Glynis A. Bryan
- Liane J. Pelletier
- Brian T. Shea
Compensation and Benefits Committee
100% independent
- Dianne Neal Blixt Chair
- Robert F. Sharpe, Jr.
- Amy DiGeso
Nominating and Governance Committee
100% independent
- Amy DiGeso Chair
- Robert F. Sharpe, Jr.
- Christopher J. Williams
Frequently Asked Questions
Who is the CEO of Ameriprise Financial?
James M. Cracchiolo has served as Chairman and CEO since the 2005 spin-off from American Express.
What type of organizational structure does Ameriprise Financial use?
Ameriprise uses a divisional structure led by major business-line CEOs alongside centralized corporate functions.
How many direct reports does Ameriprise Financial's CEO have?
The CEO has five direct reports, including two business CEOs and key functional leaders.
How has Ameriprise Financial's leadership changed recently?
In February 2026, the company announced the retirement of Advice & Wealth Management President Joseph E. Sweeney effective April 2026.
Does Ameriprise Financial have a COO?
No. Ameriprise does not have a COO; major business leaders report directly to the CEO.
Sources
- 8-K Filing, Feb 12, 2026
- SEC EDGAR: Ameriprise Financial, Inc. DEF 14A Proxy Statement
- SEC EDGAR: Ameriprise Financial, Inc. 10-K Annual Report
Reference
Cite this page
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APA 7th
Creately. (2026). Ameriprise Financial, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/ameriprise-financial/MLA 9th
"Ameriprise Financial, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/ameriprise-financial/. Accessed .Chicago 17
Creately. "Ameriprise Financial, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/ameriprise-financial/.Original SEC source View on SEC ↗
Ameriprise Financial, Inc.. DEF 14A. Filed 2026-03-20. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/820027/000110465926032725/amp-20260429xdef14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/ameriprise-financial/ · last updated 2026-04-01