Voyage Financial Group, a Lisle, Illinois-based wealth management team managing around $500m, has changed affiliation to Ameriprise Financial in order to support its growth plans.
The team, headed by cofounders and private wealth advisers Tom Royce and Mike Chong, was previously with LPL Financial.
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Ameriprise senior franchise field vice president supports the team locally Trish Moll supports the team locally.
Moll noted: “Their move to Ameriprise allows them to provide clients with a richer, digitally-enabled service experience, while freeing up capacity so they can grow exponentially with our proven methods.”
Royce and Chong have an experience of 25 years and 20 years, respectively, in the financial services sector
Royce and Chong are supported by financial adviser Ryan Dragstrem, partner and registered operations leader Amber O’Brien, and marketing manager Gene Younker.
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By GlobalDataJoining them are client service manager Kimberly Davis, director of communications Mike Kuhlin, administrative assistant and paraplanner Mike Holbrook, and paraplanner Karl Beck.
The selection of Ameriprise was said to be the firm’s “integrated and client-focused technology suite and “hands-on practice acquisition support team”.
The team offers comprehensive financial advice to 850 multigenerational households.
The team carried out due diligence, which spanned several months, before zeroing in on Ameriprise.
Royce stated: “We evaluated how we’re doing business amid the significant changes in the industry – which were only accelerated due to the pandemic – and realised we needed to make a change in order to have the resources and support we need to reach our practice goals.
“We see big opportunities in the marketplace to purchase other wealth management practices.
“We chose Ameriprise because we were convinced that their high-touch, dedicated practice acquisition support team can help us take advantage of the opportunities without disrupting the exemplary service we provide to our clients every day.”
Earlier this year, Ameriprise added two teams from Wells Fargo Advisors and Stifel to its network. The two teams collectively manage $272m in assets.
