08/17/2011
MINNEAPOLIS –August 17, 2011 –Ameriprise Financial, Inc. (NYSE: AMP) today announced that it has signed a definitive agreement to sell Securities America Financial Corporation and its subsidiaries to Ladenburg Thalman Financial Services, Inc. (NYSE Amex: LTS) for $150 million in cash and potential future payments if Securities America reaches certain financial criteria. La Vista, Neb.-based Securities America is an independent broker-dealer with approximately 1,700 financial advisors.

The transaction, which requires standard regulatory approvals, is expected to close by the end of 2011.
 
Ameriprise Financial, Inc. is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent. For more information, visit ameriprise.com.

Contact(s)

Investors:                                                                                
Alicia Charity                                                                            
Ameriprise Financial                                                                 
(612) 671-2080                                                                          
 
Media:
Ben Pratt
Ameriprise Financial
(612) 678-5881                                                  
benjamin.j.pratt@ampf.com