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Ameriprise Debuts On NYSE

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American Express Company has completed the process of turning the unit formerly known as American Express Financial Advisors into a stand-alone company.[@@]

American Express, New York, conducted the transaction by renaming AEFA Amerirpise Financial Inc. and giving American Express shareholders 1 share of Amerirpise stock for every 5 shares of American Express stock.

Ameriprise now is trading on the New York Stock Exchange under the symbol AMP. Amerirpise also is a member of the Standard & Poor’s 500 stock index.

Ameriprise is a financial planning, asset-management and insurance company with more than $410 billion in assets and a network of 10,500 financial advisors.