AMP · News · 20260804N
Distribution Channels
AMERIPRISE FINANCIAL INC · 2026-08-04 · Importance 34 · Surprise 42 · In source text
Steinmetz Jackson Wealth Management Group joined Ameriprise Financial’s branch channel from Janney Montgomery Scott, bringing more than $370 million in client assets to the Fort Lauderdale, Florida, practice. The team cited Ameriprise’s financial-planning tools, integrated technology, and AI platform as factors supporting client experience and service efficiency. Separately, Seven Arrows Wealth, a three-advisor team managing approximately $250 million, left Ameriprise for Raymond James’ independent advisor channel, highlighting ongoing competition for experienced advisors and client assets. Ameriprise reported that approximately 1,700 advisors had joined the firm over the prior five years.
Key facts
- Steinmetz Jackson Wealth Management Group joined the branch channel of Ameriprise Financial from Janney Montgomery Scott with more than $370 million in client assets. source
- Ameriprise Bank deposits increased and the company is implementing SEC Rule 15c3-3 daily reserve cadence. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | — | Ameriprise Bank deposits increased and the company is implementing SEC Rule 15c3-3 daily reserve cadence. |
| cash | positive | probable | — | Ameriprise Bank deposits increased and the company is implementing SEC Rule 15c3-3 daily reserve cadence. |