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Advisor Team with Nearly $500 Million Joins Ameriprise Financial For Client-Focused Culture

1. New financial advisors join Ameriprise, managing $480 million in assets. 2. This move may enhance AMP's client base and service capabilities.

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Why Bullish?

The addition of experienced advisors managing significant assets can strengthen AMP's market position, similar to past successful recruitments that led to increased assets under management for firms.

How important is it?

The recruitment of high-caliber financial advisors directly correlates to increased asset management capabilities and potentially better financial performance, leading to a positive outlook for AMP.

Why Short Term?

Immediate enhancement of client assets and potential revenue generation; past onboarding of key advisors has resulted in swift impacts on stock performance.

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MINNEAPOLIS--(BUSINESS WIRE)--Financial advisors Chuck Heare, Ross Heare, CFP®, Tommy Goth and Jennifer Goth-Castillo, recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from UBS Financial Services, Inc. in Beaumont, Texas managing over $480 million in client assets. The team – comprised of father-son and father-daughter duos – was formerly known as Goth Heare Wealth Management Group. They join Q5 Wealth Management, an established Ameriprise practice led by managi.

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