Ameriprise on a hiring binge with $1.3B in new teams
Ameriprise's recruiting streak continues, with the onboarding of nine new advisors.
The firm's hiring efforts have boosted headcount to 9,951 advisors for the second quarter from 9,906 from the year-ago period, according to the firm's last earnings report.
Moving from Wells Fargo are advisors William Hadley and Mark Burton, who joined Ameriprise's employee side. Former Merrill Lynch advisors Peter Bazirgan, Kevin Collison, Christopher Asher and Scott McRoy also signed on with Ameriprise's employee side.
A spokeswoman for Wells Fargo declined to comment on the move. A spokeswoman for Merrill Lynch did not respond to a request for comment.
Hadley and client associate Anna Cannon joined Ameriprise in Charlotte, North Carolina, where the pair affiliated with Blue Cardinal Wealth Solutions, an established practice at Ameriprise comprised of four other advisors and two support staff.
“I’ve known the team at Blue Cardinal for years, and I was impressed by what they’ve built at Ameriprise,” Hadley said in a release. “As I was researching firms, I realized Blue Cardinal and Ameriprise were the right fit for the way Anna and I serve our clients.”
Hadley has 34 years of experience, 17 of which he spent at Wells Fargo before moving to Ameriprise, according to FINRA BrokerCheck records.
Burton joined in Dayton, Ohio along with the rest of his team. The Burton Lucius Financial Consulting Group is made up of his branch manager, Todd Lucius, and his wife, Norma Burton, who serves as a client associate along with Sandy Long.
Burton spent 16 of his 20 years as an advisor at Wells Fargo, according to FINRA BrokerCheck records. He chose Ameriprise for three reasons, according to the release: strong financial foundation, the firm’s investment in technology and top rankings in customer service.
The two advisors manage a combined $320 million in client assets.
Peter Bazirgan joined Ameriprise from Merrill Lynch after 22 years with the wirehouse, according to FINRA BrokerCheck records. CAM Wealth Management, led by Kevin Collison, bolted from the wirehouse after 20 years with the firm.
Wirehouses weren’t the only firms losing advisors to Ameriprise.
Helen Von Dolteren-Fournier from Winter Park, Florida, made the move to the firm's independent channel from competing broker-dealer Raymond James Financial Services where she managed $53 million in client assets.
Von Dolteren-Fournier has 24 years of experience, including four at Raymond James, according to FINRA BrokerCheck records.
In contrast to her fellow Ameriprise newcomers, Von Dolteren-Fournier is coming full circle with the move as she began her career at the regional broker-dealers predecessor, Investors Diversified Services, which was later acquired by American Express.
“I decided to return to Ameriprise because of the strong emphasis the firm has on financial planning,” Von Dolteren-Fournier said in a release.
Sherrie Ingham and William Turner of Troy, Michigan also joined the firm's independent channel from Concorde Investment Services after less than a year with that firm, according to FINRA BrokerCheck records. Together, the team managed approximately $122 million in assets.
A spokesman for Raymond James and Concorde Investment Services did not reply to comment on the move.