Ameriprise Gains $110M Advisory Team from LPL Financial
Event summary
- Pinnacle Wealth Management, managing $110M in assets, moved from LPL Financial to Ameriprise's independent channel.
- The Lafayette, Louisiana-based team includes Private Wealth Advisor Vincent Lauer, Financial Advisor Hank Morvant, and support staff member Emily Currier.
- Ameriprise has attracted approximately 1,700 experienced advisors over the past five years.
- The team cited Ameriprise's advanced technology and service offerings as key reasons for the move.
The big picture
Ameriprise's ability to attract high-AUM advisory teams underscores its competitive edge in technology and support services. The move aligns with broader industry trends of advisors seeking scalable digital solutions to enhance client experiences and operational efficiency. With over 1,700 advisors joining in the past five years, Ameriprise is positioning itself as a top destination for wealth management professionals looking to grow their practices.
What we're watching
- Advisor Retention
- Whether Ameriprise can sustain its pace of attracting experienced advisors from competitors.
- Digital Integration
- How effectively Ameriprise's technology platform enhances client engagement and operational efficiency.
- Practice Growth
- The pace at which newly acquired teams like Pinnacle Wealth Management expand their AUM under Ameriprise's model.
Related topics