Ids Life Insurance Company (Minneapolis)


Ids Life Insurance Company is a large advisory firm based in Minneapolis. It manages $15.15 billion of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2001.

Ids Life Insurance Company provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ids Life Insurance Company: assets under management

The assets under management (AUM) of Ids Life Insurance Company is $15.15 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $15.15 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $582.7 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ids Life Insurance Company for their services and products based on a percentage of assets under management and performance-based 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 Ids Life Insurance Company

Paul Frederick Kolkman has been acting as President since 1 Mar 1994. David Kent Stewart joined the executive team most recently as the Acting Cfo.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
American Express Financial Corporation Shareholder 1 Aug 1957 75% - 100% 13-3180631
Richard William Kling Director , president & ceo 1 Mar 1994 Other 1526256
Paul Frederick Kolkman Director 1 Mar 1994 Other 1526257
Barry J Murphy Director 1 Mar 1994 Other 2552832
Colleen M Curran Vp & executive representative 1 Oct 1998 Other 1561042
Stuart Alan Sedlacek Director & cfo 1 Jun 1999 Other 1384871
Pamela J Moret Director, cob, evp - variable assets 1 Feb 2000 Other 1092043
Teresa Joy Rasmussen Vp, general counsel 1 Aug 2000 Other xxx-xx-xxxx
Timothy Vernon Bechtold Director, president 1 Apr 2001 Other 1621000
Gumer Cruz Alvero Director 1 Apr 2001 Other 1975307
Beth Ellen Weimer Chief compliance officer 1 Jun 2001 Other 4424584
Stephen Wesley Roszell Director 1 Jan 2002 Other 1961116
John Theodore Sweeney Director, evp-finance 1 Mar 2002 Other 1720682
David Kent Stewart Acting cfo 1 Jul 2002 Other 2990869
Barbara Helen Fraser Director, ceo, chairman 1 Jul 2002 Other 3023984

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
American Express Company Shareholder 1 Jan 1984 75% - 100% 13-4922250

Based in Minneapolis

The principal office where Ids Life Insurance Company performs its advisory services is located at 50611 Axp 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 612-671-3662 or by fax 612-678-1168. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.americanexpress.com.