Ameriprise Financial Expands Presence in Iowa with New Advisor Teams
1 report, 1 independent
Updated Fri 00:00
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What happened
Ameriprise Financial expanded its operations by placing advisors in Iowa. The firm recruited three advisor teams from RBC Capital Markets, bringing nearly $1.2 billion in combined client assets. Additionally, Chad Lewis brought $160 million in client assets to West Des Moines, Iowa, while the GEN Group joined in Vienna, Virginia, with over $750 million in client assets.
From investmentnews.com
Why it matters
The expansion involves the acquisition of significant client assets and the establishment of new advisory practices. This growth increases Ameriprise Financial's operational footprint and assets under management within the financial services industry.
From investmentnews.com
Who's involved
- Ameriprise FinancialFinancial services company expanding its advisor presence and client assets.
- IowaState where Ameriprise Financial established new advisors.
- American ExpressParent company from which Ameriprise Financial was spun off.
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The entities involved
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Ameriprise Financial
financial services company
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Iowa
state of the United States of America