Firm imposed new limits on James Cracchiolo’s incentive pay after a majority of Ameriprise shareholders voted their discontent over executive pay.
Nine-advisor team in Louisiana managing some $633 millon shifts to W-2 status with new broker-dealer.
The insurance, annuities and brokerage firm continues to invest in, and recruit into, the wealth and asset management division that contributed 52% of its fourth-quarter earnings.
Longtime wirehouse employee who took a brief stab at independence is now managing 34 brokers for Minneapolis-based Ameriprise in Saddle Brook, N.J.
Lead broker said he was frustrated with the growing influence of Bank of America on advisors’ practices and of dictates to focus on new business.
Two teams had managed a combined $373 million in assets.
Saginaw advisor managing $139 million in client assets goes independent with Ameriprise while another Michigander with $54 million of AUM joins Stifel.
Veteran Staten Island, NY, broker moved more than $19 million and four associates to her new firm within a week of leaving earlier this month, according to lawsuit filed on Monday.
Merrill teams in Virginia and NYC join independent firms while Stifel group with $180 million of assets affiliates with Ron Carson’s Cetera-based network of firms.