Ameriprise Expands with $140M Practice Acquisition from Commonwealth

Event summary

  • Strickoff Financial Services, managing $140M in assets, joined Ameriprise from Commonwealth Financial Network.
  • The practice merged with The Atlantic Group, an Ameriprise advisory team managing $1.8B in combined assets.
  • Ameriprise's External Practice Acquisition Program facilitated the transition, emphasizing shared client-first values.
  • The Atlantic Group previously transitioned from Oppenheimer to Ameriprise in October 2025.

The big picture

Ameriprise continues to consolidate the financial advisory space, leveraging its scale and resources to attract high-AUM practices. This acquisition aligns with broader industry trends of independent advisors seeking stability and continuity through larger firms. The move also highlights Ameriprise's focus on financial planning capabilities and technology integration as key differentiators.

What we're watching

Integration Success
How Ameriprise will assimilate Strickoff's team and client base into The Atlantic Group's existing structure.
Acquisition Strategy
Whether Ameriprise can sustain its growth trajectory through similar practice acquisitions.
Competitive Response
How competitors like Commonwealth and Oppenheimer react to Ameriprise's expanding advisory network.

Related topics

Merger Wealth Management