Ameriprise continues poaching financial advisors from larger rivals, most recently making several new hires who previously collectively managed $584 million at Morgan Stanley and Wells Fargo, Ameriprise says.
Paige Hatton and Peter Sullivan of Tampa, Fla., have joined Ameriprise’s employee channel as The Hatton Sullivan Group, Ameriprise says in a press release. The pair previously managed $338 million at Morgan Stanley, according to Ameriprise They’re joined by registered client service associate and practice manager Cindy Capezzuti and client service associate Rebecca Holcomb, Ameriprise says.
In addition, the father-son team of financial advisors Dick and David Powell of Troy, Mich., have joined Ameriprise’s employee channel as the Powell Consulting Group, according to the press release. They previously oversaw $133 million at Wells Fargo, Ameriprise says.
“Ameriprise offers enhanced technology which allows me to operate efficiently on a client’s behalf, an internal research department with analysts available for a call, a higher level of customer service, and the firm enables us to use social media to connect with clients and prospects,” Dick Powell says in the press release.
Wells Fargo also lost Robert Armstrong to Ameriprise’s employee channel, Ameriprise says. Armstrong, who previously managed $133 million, joins Ameriprise’s Louisville, Ky., branch office under the name Armstrong Financial Strategies Group, according to the press release.
Ameriprise has nabbed several advisors from Wells Fargo and Morgan Stanley in recent weeks. In May, the company picked up several Wells Fargo representatives collectively managing at least $666 million and at least two Morgan Stanley teams collectively overseeing $338 million.
Wells Fargo, meanwhile, also lost an executive to Snowden Lane Partners this week, Snowden Lane says. Richard Ganter has joined the firm in its new Coral Gables, Fla., branch as managing director, Southeast, according to a press release from Snowden Lane.
Prior to joining the company, Ganter served for three years as a manager and senior vice president at Wells Fargo, Snowden Lane says.