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Declining Quarterly Results in Ameriprise Advisor Departures

by The Wealth Advisor Contributor
Ameriprise Financial’s latest quarterly results underscore the ongoing tension between organic growth strategies and industry-wide competitive pressures, particularly around advisor retention and recruiting. For wealth advisors and RIAs, the firm’s performance offers a useful case study in how large platforms are navigating asset flows, partnership transitions, and the escalating battle for talent.

Featured

Central Bank Expected Not to Make Interest Rate Move

The Federal Reserve enters this week’s policy meeting facing a complex macro backdrop shaped by persistent geopolitical risk and uneven inflation dynamics.

Oil Prices May Spike Again As 'Something is Off' With the Current Math, JPMorgan Says

Nine weeks into the Iran war, the global economy continues to lose record volumes of oil supply — yet prices have remained relatively contained and well below all-time highs.

New CIO For Northern Trust's Family Office Unit

Northern Trust Wealth Management on Monday named Beata Kirr as CIO of its global family office group, the firm’s platform serving family offices and high net worth clients.

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BlackRock Hauls In $205 Billion As Private Assets Accelerate

BlackRock Inc. (BLK) pulled in $205 billion of client money in the third quarter as the world’s largest fund manager expanded its footprint.

FundFocus

Wall Street Warns S&P 500 Dip Buyers Of More Turbulence Ahead

Wall Street strategists have a warning for dip buyers tempted by Friday’s rout in US stocks.

Companies

Wall Street Bonanza Boosts Profits At JPMorgan And Goldman

A Wall Street dealmaking bonanza in the third quarter helped boost profits at JPMorgan Chase (JPM) and Goldman Sachs (GS).

TAMPs

SMArtX Advisory Solutions Expands Manager Marketplace with 5 New Strategies from Four Leading Asset Management Firms

Newcomer Convexitas added an options strategy. John Hancock Investment Management, Nuveen Asset Management, and ZEGA Investments also expanded their current offerings to respectively include all cap core, small cap core, international value ADR, and a tactical ETF options strategies.

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Model Portfolios + Strategists

“Sleep Like a Baby” Portfolio is Delivering One of Its Strongest Years on Record

Washington Wire

Kevin Warsh Outlines A Potential Shift In How The Fed Measures Inflation

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2024 Data Breach to Cost Fidelity $1.25M

Practice Management

Analyst Alleges Wrongful Termination by FINRA Due to Emergency Medical Leave

RIA Knowledgebase

AI Is Rapidly Reshaping The Wealth Advisor Operating Environment

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