$370M Wealth Practice Moves from Janney to Ameriprise
Event summary
- $370M AUM wealth practice Steinmetz Jackson joins Ameriprise from Janney.
- Team includes two advisors and two support staff based in Fort Lauderdale.
- Ameriprise cited for planning tools, tech platform, and client experience enhancements.
- Practice attracted by AI-driven technology and integrated resources.
The big picture
Ameriprise continues its strategy of expanding through advisor acquisitions, now attracting over 1,700 advisors in five years. The move reflects broader industry consolidation and the growing emphasis on tech-enabled financial planning. This deal underscores Ameriprise’s focus on scaling its branch network while enhancing client experience through integrated tools.
What we're watching
- Advisor Retention
- Whether Ameriprise can sustain its pace of attracting high-AUM advisors.
- Tech Integration
- How effectively the practice leverages Ameriprise’s AI-driven platform to improve client service.
- Competitive Response
- Whether Janney or other firms adjust their offerings to retain similar practices.