Ameriprise Financial Investor Presentation — June 2020

Document content

Ameriprise Financial

Forward-looking statements

The forward-looking statements in this presentation reflect management’s expectations about future

events, plans and performance. These forward-looking statements and the many assumptions upon which they are based involve risks and uncertainties. A list of factors that could cause actual results to be materially different from those expressed or implied by any of these forward-looking statements is detailed under the headings “Forward-Looking Statements” and “Risk Factors”, and elsewhere, in our Annual Report on Form 10-K for the year ended December 31, 2019 and elsewhere in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. These forward-looking statements speak only as of today's date and we undertake no obligation to update publicly or revise them for any reason. For information about Ameriprise Financial, please refer to the First Quarter 2020 Statistical Supplement available at ir.ameriprise.com.

Non-GAAP Financial Measures

This presentation contains certain non-GAAP financial measures that our management feels best reflect the underlying performance of our operations. Reconciliations of such non-GAAP financial measures to the most directly comparable GAAP financial measure have been provided along with the presentation.

2Update regarding developments

from COVID 19Ameriprise was well prepared to manage through

the pandemic and its associated impacts

4Business continuity program supporting ongoing business activities with ~95% of employees working

•Quick mobilization to ensure advisors had the tools necessary to meet and exceed client needs

•Technology enabled advisors to work with clients and solutions during extreme market volatility

Strong response in the pandemic positions Ameriprise to capture future opportunities

•Demonstrated value from financial planning and advice for clients

•Effective recruiting strategy that has led to a increase in engagement with potential advisors by 4 times

•Global asset management wholesaler effectiveness and engagement strong in first quarter, continuing improved trends though 2019

•Strong expense management and reengineering while remaining committed to work forceStrong first quarter business metrics and earnings

with positive underlying trends

5Wealth management clients flows remained strong through Q1 2020

•Wrap flows of $6.1 billion

•Client flows of $5.7 billion

•Transactional activity increased 10% from the prior year

•Brokerage cash balances increased to $32.7 billion as expected, should gradually decline

Asset Management flows continued to improve