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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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Companies

These CEOs Received Some of Highest Pay Packages in 2023: WSJ

A handful of CEOs led the pack last year for compensation, according to The Wall Street Journal.

FundFocus

Hedge Funds Trim Big Tech Exposure in Hunt for Other AI Winners

Hedge funds have cut holdings in megacap technology stocks while betting on a broader array of firms that will benefit from artificial intelligence.

Advisor Wellness

Commonwealth Expands Advisor Access to Alternative Investments

Commonwealth Financial Network announces its partnership with iCapital, the global fintech platform for the wealth management industry.

Washington Wire

Biden Long Avoided Touting Stock Market Gains. Now He Can't Resist.

Joe Biden spent his first few years in office trying to reverse a hallmark of the Trump era: Touting whenever the stock market hit a new milestone.

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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

RIA Knowledgebase

AI Is Rapidly Reshaping The Wealth Advisor Operating Environment

Companies

2024 Data Breach to Cost Fidelity $1.25M

Practice Management

Analyst Alleges Wrongful Termination by FINRA Due to Emergency Medical Leave

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