Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. The Company is a diversified financial services company. The Company provides financial planning, wealth management, retirement, asset management, annuities and insurance. Ameriprise Financial operates in five segments: Advice & Wealth Management, Asset Management, Annuities, Protection and Corporate & Other. As of December 31, 2011, the Company had a network of more than 9,700 affiliated advisors. In May 2011, the Company completed the acquisition of Grail Advisors, LLC (Grail). During the year ended December 31, 2011, it completed the sale of Securities America Financial Corporation and its subsidiaries (Securities America) to Ladenburg Thalmann Financial Services, Inc.