-

Ameriprise Financial Expands Geographic Footprint with New Employee Advisor Offices in Key Markets

The Firm is Attracting Veteran Advisors and Investing in Real Estate in Cities Ripe for Growth

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) is expanding the geographic footprint of its employee advisor channel by opening new branches in markets where the firm sees opportunities to grow its advisor base and add new clients. Since 2017, Ameriprise Financial Services, LLC has opened 15 new employee branches nationwide in key cities in Alabama, California, Florida, Georgia, Massachusetts, Nevada, South Carolina, Texas and Wisconsin to accommodate experienced advisors joining the firm from wirehouses, regional firms, independents, banks and insurance companies. The 15 new branches collectively manage more than $4 billion in client assets.i

Ameriprise branches provide advisors with local leadership, staff support, training, technology, client acquisition techniques and the ability to leverage the firm’s advice value proposition, which is a catalyst for industry-leading organic growth.ii Ameriprise plans to build on its recent momentum by opening 12 new employee branches in cities where market conditions are right for attracting new advisors and clients.

“We’re energized by the success we’ve had with launching new branches in cities where we haven’t previously operated employee advisor offices,” said Patrick O’Connell, CFP®, executive vice president of the firm’s employee advisor and financial institutions groups. “We look forward to replicating this strategy in other markets and opening the door for more advisors to gain access to the talent, technology and expertise that sets Ameriprise apart in the industry.”

Ameriprise has a strong track record of recruiting experienced advisors, having brought more than 4,000 to the firm since 2008.iii The Ameriprise employee advisor channel has an extensive network of more than 180 offices nationwide.iv

About Ameriprise Financial
At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. For more information, or to find an Ameriprise financial advisor, visit ameriprise.com.

Ameriprise Financial Services, LLC, Member FINRA and SIPC.

© 2020 Ameriprise Financial, Inc. All rights reserved.

i – Company data as of November 2019.
ii – Company filings and S&P Cap IQ.
iii – Company data as of August 2019.
iv – Company data as of October 2019.

Contacts

Stephanie Siegle, Media Relations
612.671.2593
Stephanie.Siegle@ampf.com

Industry:

Ameriprise Financial, Inc.

NYSE:AMP
Release Versions
English

Contacts

Stephanie Siegle, Media Relations
612.671.2593
Stephanie.Siegle@ampf.com

More News From Ameriprise Financial, Inc.

Experienced Advisory Team With $160 Million in Assets Joins Ameriprise Financial for Innovative Technology, Advisory Program and Culture

MINNEAPOLIS--(BUSINESS WIRE)--Financial advisors Lee Winters III and Chris McClure recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Wells Fargo Clearing Services, LLC in Columbia S.C., with $160 million in client assets. The advisors, located in Columbia, S.C., are joined by client service associate Darragh James. While Winters and McClure were not actively considering a transition, a trusted mentor’s move to Ameriprise prompted them to take a closer look at the...

31-Year Industry Veteran with $145 Million in Assets Joins Ameriprise Financial for Innovative Technology and Supportive Culture

MINNEAPOLIS--(BUSINESS WIRE)--Financial advisor Mitchell Edenbaum recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) in Boca Raton, Fla. from Oppenheimer & Co. Inc. with more than $145 million in client assets. “I was looking for a firm that is making meaningful investments in innovation, and I immediately saw the positive impact Ameriprise’s technology platform could have on my practice,” said Edenbaum. “What also stood out was the firm's clear commitment to helpi...

Ameriprise Financial Donates More Than $3 Million to Help Meet Critical Needs and to Strengthen Communities

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced it has awarded more than $2 million in grants to 83 nonprofits across the U.S. as part of its first-round 2026 grant program, supporting organizations that help meet essential needs and strengthen communities. The company has also contributed an additional $1 million through its global gift matching programs, doubling the impact of employee and advisor donations. These efforts are part of Ameriprise's broader c...
Back to Newsroom