AMP · News · 20260805N
Distribution Channels Expansion
AMERIPRISE FINANCIAL INC · 2026-08-05 · Importance 34 · Surprise 42 · In source text
Steinmetz Jackson Wealth Management Group joined Ameriprise Financial’s branch channel from Janney Montgomery Scott with more than $370 million in client assets. The Fort Lauderdale, Florida practice is led by private wealth advisor Kenneth Steinmetz and financial advisor James Jackson. The move expands Ameriprise’s planning capabilities and advisor distribution presence, while separate reporting said a three-advisor team managing approximately $250 million in client assets left Ameriprise for Raymond James.
Key facts
- Three advisory teams managing a combined $920 million in client assets moved to new independent broker-dealer platforms. source
- Steinmetz Jackson Wealth Management Group joined Ameriprise from Janney Montgomery Scott as one of the three teams involved in moves totaling $920 million in client assets. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | — | Three advisory teams managing a combined $920 million in client assets moved to new independent broker-dealer platforms. |