Ameriprise Financial has signed a definitive agreement to acquire the retail assets of JHS Capital Advisors (JHS), an independent broker-dealer and investment advisor based in Tampa, Florida.
The deal will enable JHS advisors to leverage Ameriprise’s product platform, marketing support, service capabilities and technology solutions to serve clients and support advisor growth.
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After closing the transaction, which is expected in the third quarter of 2015, JHS advisors will join one of the existing channels at Ameriprise.
JHS president and CEO Scott Bendert said: "This is a tremendous opportunity for our advisors to be affiliated with the stature, stability and national recognition of Ameriprise.
"JHS was founded on the principle of providing excellent service to clients. Ameriprise offers our advisors considerable career growth opportunities and expanded capabilities to enhance the client experience."
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