Ameriprise Financial, a US-based asset manager, has added two teams from Wells Fargo Advisors and Stifel to its network. The two teams collectively oversee $272m in assets.
The Wells Fargo team manages $189m in assets while the remainder is managed by the Stifel team.
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The advisers joining from Wells Fargo are Rick Yanez and Lance Mackall, who are in charge of Foundation Wealth Management.
The two are supported by advisers Cathie Joughin and John Rodgers, office manager Monica Lopez and client service manager Crystal Gilman.
The strength of Ameriprise’s financial planning platform and its practice acquisition support are said to play a major role in its choice by the Foundation team.
Yanez commented: “We want to be with a firm that is committed to helping its advisers grow.
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By GlobalData“We evaluated numerous firms and were impressed by how Ameriprise advisers have demonstrated strong growth year-over-year.
“And to top it all off, they offered industry-leading technology, which is a big upgrade for us.”
Meanwhile, John McLaughlin has moved to Ameriprise from Stifel and will be supported by paraplanner Lisa Zlockie.
Ameriprise’s ability to support relationships with existing clients and acquire new ones is said to be one of the key factors integral to its selection by McLaughlin.
“Ameriprise has the tools and capabilities – including a comprehensive financial planning platform and extensive market and economic research – that can help me serve my clients well,” McLaughlin stated.
