MINNEAPOLIS--(BUSINESS WIRE)--
Ameriprise Financial (NYSE: AMP) today announced it has signed a
definitive agreement to acquire the retail assets of JHS Capital
Advisors (“JHS”), an independent broker-dealer and investment advisor
based in Tampa, Fla. The transaction will build on the successful track
record of growth in advice and wealth management at Ameriprise.
JHS is privately owned and provides comprehensive financial services to
clients through a team of 150 financial advisors operating across the
U.S. JHS generated over $38 million in revenue in 2014 and at year-end
had retail assets totaling $4.1 billion. Like Ameriprise, JHS operates
both employee and independent advisor channels. JHS advisors are
expected to join one of the existing channels at Ameriprise.
“We’re pleased to welcome JHS advisors to the Ameriprise family,” said
Neal Maglaque, Ameriprise Chief Operating Officer and head of business
development within the company’s advice and wealth management division.
“This is a natural fit in terms of both firms’ shared commitment and
dedication to providing outstanding service to clients. We look forward
to helping JHS advisors grow and serve their clients under the
Ameriprise banner.”
In addition to benefiting from the strong reputation and brand awareness
of Ameriprise, JHS advisors will be able to harness the robust product
platform, marketing support, service capabilities and technology
solutions Ameriprise offers to serve clients and support advisor growth.
Through strategic investments in these and other areas, Ameriprise has
built one of the highest rates of advisor retention and satisfaction in
the industry.
“This is a tremendous opportunity for our advisors to be affiliated with
the stature, stability and national recognition of Ameriprise,” stated
Scott Bendert, JHS President and CEO. “JHS was founded on the principle
of providing excellent service to clients. Ameriprise offers our
advisors considerable career growth opportunities and expanded
capabilities to enhance the client experience.”
The transaction is subject to customary conditions and regulatory
review, and is expected to close in the third quarter of 2015.
About Ameriprise Financial
At Ameriprise Financial, we have
been helping people feel confident about their financial future for more
than 120 years. With a nationwide network of 10,000 financial advisors
and extensive asset management, advisory and insurance capabilities, we
have the strength and expertise to serve the full range of individual
and institutional investors’ financial needs. For more information,
visit ameriprise.com.
About JHS Capital Advisors
Headquartered in Tampa, Fla., JHS
Capital Advisors LLC, a Registered Securities Broker Dealer and
Registered Investment Advisor, provides personalized client services for
investors nationwide. JHS advisors are dedicated to serving the full
spectrum of client needs and building on a reputation for fostering
multi-generational relationships.
© 2015 Ameriprise Financial, Inc. All rights reserved.
Ameriprise Financial
Kathleen McClung, 612-678-1069
Sr.
Director, Public Relations
kathleen.h.mcclung@ampf.com
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Source: Ameriprise Financial