American Express Bank, Fsb (Minneapolis)

American Express Bank, Fsb is a large advisory firm based in Minneapolis. It manages $215 million of regulatory assets for 587 client accounts. It has been registered with the SEC as an adviser since 2004.

American Express Bank, Fsb provides portfolio management for individuals and small businesses, pension consulting services, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

American Express Bank, Fsb: assets under management

The assets under management (AUM) of American Express Bank, Fsb is $215 million. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $214.42 million in discretionary accounts and $578 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $366.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $289 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay American Express Bank, Fsb for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at American Express Bank, Fsb

Julie Lindquist has been acting as President since 1 Jan 2004. Frank Ambrose Mccarthy joined the executive team most recently as the Vice President Brokered Products And Personal Trust Services.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karen Marie Bohn	External director	1 Dec 2000	Other	851533
James Walter Hackbart	Vp, senior trust officer	1 Dec 2000	Other	2917151
Scott Randall Hagberg	Investment officer	1 Dec 2000	Other	1859005
Sarah Mary Mckenzie	Vp, brokerage and managed products	1 Dec 2000	Other	2083529
Shawn 0fogarty Bolender	Vp & senior trust officer	1 Mar 2002	Other	4036579
Stephen Michael Lobo	Treasurer	1 Jan 2003	Other	1543775
Joseph Edward Sweeney	Senior vice president, general manager-us brokerage and membership banking	1 Apr 2003	Other	4668713
David Carl Gustafson	Personal trust compliance officer	1 May 2003	Other	1491542
American Express Travel Related Services Inc.	Shareholder	1 Dec 2003	50% - 75%	13-3133497
Inc. American Express Travel Related Services Company	Shareholder	1 Dec 2003	75% - 100%	13-3133497
Scot Charles Sticha	Director trust administration and operations	1 Jan 2004	Other	2934752
Michael A Sherman	Compliance officer	1 Jan 2004	Other	4778619
Julie Lindquist	President	1 Jan 2004	Other	4778627
Robert Charles Radle	Chief financial officer	1 Jan 2004	Other	2056431
David Edward Poulsen	Chairman, ceo and director	1 Jan 2004	Other	2358464
Paul Patton	Corporate secretary	1 Jan 2004	Other	4778632
Robert Earle Phelan	Internal director	1 Jan 2004	Other	2385006
David L. Yowan	Internal director	1 Jan 2004	Other	4380006
Peter Albert Lefferts	External director	1 Jan 2004	Other	1558139
William Isaac	External director	1 Jan 2004	Other	4779701
Maria Garciaz	External director	1 Jan 2004	Other	4783267
Frank Ambrose Mccarthy	Vice president external products group and personal trust services	1 Oct 2004	Other	4269968
Beth Ellen Weimer	Chief compliance officer	1 Oct 2004	Other	4424584
Ronald C. Stovall	Chairman of the board	1 Oct 2004	Other	4868534
David Edward Poulsen	President, ceo and chief operating officer	1 Nov 2004	Other	2358464
Roger O. Goldman	External director	1 Sep 2005	Other	5122312
Jay Bruce Stevelman	External director	1 Sep 2005	Other	1516177
Frank Ambrose Mccarthy	Vice president brokered products and personal trust services	1 Oct 2005	Other	4269968
Beth Ellen Weimer	Chief compliance officer	1 Oct 2005	Other	4424584
Ronald C. Stovall	Chairman of the board	1 Oct 2005	Other	4868534
Douglas Hazen Short	President and chief operating officer	1 Oct 2005	Other	5056715
Daniel Leslie Follett	Cfo and treasurer	1 Oct 2005	Other	2247244
Clifford N. Pedersen	Compliance officer	1 Oct 2005	Other	5056721

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
American Express Company	Shareholder	1 Nov 2000	50% - 75%	13-4922250

Based in Minneapolis

The principal office where American Express Bank, Fsb performs its advisory services is located at 1581 Ameriprise Financial Center, Minneapolis, MN 55474, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-800-461-1726 or by fax 612-671-5772. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday.