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Ameriprise Nabs $185M Advisor Team from Edward Jones

April 6, 2018

A team of Edward Jones financial advisors has jumped ship to Ameriprise Financial, InvestmentNews writes.

Paul Orlando and Derek Busby managed $185 million at Edward Jones in Meridian, Idaho, according to the publication. They join Ameriprise’s franchise channel as Granite Financial Management, InvestmentNews writes.

Orlando started his career in the industry with Edward Jones in 2007, according to his BrokerCheck record.

Busby also began his securities industry career with Edward Jones, in 2009, according to his BrokerCheck profile.

Edward Jones and Ameriprise continue getting ranked as the top financial firms by U.S. households, according to the latest Hearts & Wallets survey.

Edward Jones has been making the headlines recently for its inclusive approach as well as efforts to boost diversity in its advisor ranks.

Ameriprise, meanwhile, has lured several advisors from its brokerage rivals in recent months, including Wells Fargo, Raymond James, Citigroup and Stifel, Nicolaus & Company.

By Alex Padalka
  • To read the InvestmentNews article cited in this story, click here.