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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.

SEI: Leading in an Age of Abundant Intelligence

I have been to multiple leadership and AI summits in the last few months. As I reflect on all the ideas and insights shared, the most important one for me is a quiet truth that I have been feeling deeply for a while now.

2024 Data Breach to Cost Fidelity $1.25M

Fidelity Investments has agreed to pay $1.25 million to resolve allegations bro

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Companies

BlackRock Whistleblower Sues Over Firing

BlackRock was sued for $20 million by a whistleblowing former vice president who said it fired him after he objected to a colleague's self-dealing.

Advisor Wellness

New York Investment Advisor Convicted of Embezzling More Than 1 Million

A former registered investment advisor from NY has been convicted on three counts of fraud and money laundering.

Companies

JPMorgan Executives Emphasize Employee Health, Well-Being After BofA Banker Death

JPMorgan Chase's top executives emphasized the importance of employee health and the effect of high-pressure working conditions on young associates.

Economy

Seasoned Economist Warns of a Recession

Prepare for a recession that will impact consumers, strain companies, and depress stock values, warned a seasoned economist.

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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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TAMPs

Dynasty Financial Partners Named Official Wealth Management Partner of the United Football League

WealthTech

Citi Wealth Introduces AI-Powered Client Assistant Built on Google's Technology Stack

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