1. Ameriprise Financial welcomes four advisors managing nearly $300 million in assets. 2. Kevin Kitt joins from UBS, focusing on growth and client experience. 3. Kuttin Wealth Management emphasizes scalable growth and exceptional service. 4. Ameriprise continues attracting experienced advisors, about 1,700 in last five years. 5. Kuttin Wealth Management manages over $14 billion across 200+ advisors.
FAQ
Why Bullish?
The influx of new advisors enhances asset management capabilities. Historical examples indicate advisor growth often correlates with improving stock performance.
How important is it?
This development boosts confidence in Ameriprise's growth strategy, positively affecting AMP's market perception.
Why Short Term?
New advisors are likely to boost revenues quickly due to increased client assets. Previous advisor recruitment at Ameriprise led to immediate positive stock reactions.
The advisors join Kuttin Wealth Management, a well-established Ameriprise team led by private wealth advisor Jon Kuttin
Ameriprise Financial, Inc. (NYSE:AMP) recently welcomed four experienced financial advisors who collectively manage nearly $300 million in client assets. The advisors have joined Kuttin Wealth Management, a well-established team within Ameriprise's independent channel led by Barron's Hall of Fame advisor Jon Kuttin, CRPC™, AAMS®, AWMA®, CMFC™, CRPS™, APMA®.
Kevin Kitt Joins from UBS Financial Services
Financial advisor Kevin Kitt, CFP® who manages more than $110 million in client assets, has joined the practice in Westhampton Beach, N.Y. from UBS Financial Services. For Kitt, the decision to move his practice was driven by the opportunity to align with a nationally recognized team and a firm that prioritizes advisor growth, independence and an excellent client experience.
"After meeting several advisors who had recently joined Kuttin Wealth Management and hearing how they rapidly scaled their businesses by leveraging the tremendous resources of both Ameriprise and the practice, it was a very easy decision," said Kitt. "This move gives me the opportunity to scale my practice with excellent support while maintaining independence."
"I'm thrilled to join a team and firm that shares my vision for growth and exceptional client experience," said Kitt. "With the combined strength of Kuttin Wealth Management's expertise and resources and Ameriprise's advanced technology and support, I can elevate the experience I provide to my clients while expanding my reach and continuing to grow both personally and professionally."
Additional Advisors Join Ameriprise and Kuttin Wealth Management
In addition to Kitt, Kuttin Wealth Management has welcomed three more experienced advisors in recent months:
- Wesley Wells from Cetera Investment Services, LLC in Dothan, Ala. with $93 million in client assets.
- Rick Solt, CFP®, AAMS®, CRPC™, AWMA®, ChFC® from Edward Jones in Colleyville, Texas with $70 million in client assets.
- Carol Delong, CRPS™ from Edward Jones in Denver, Colo. with $21 million in client assets.
"At Kuttin Wealth Management, we are committed to building a team of exceptional advisors who share our vision for delivering unparalleled client experiences. We're excited to welcome these four highly experienced advisors, a testament to our continued growth," said Jon Kuttin, CRPC™, AAMS®, AWMA®, CMFC™, CRPS™, APMA®. "As we continue to grow both organically and inorganically across the country, we remain dedicated to providing the resources, support, and collaborative culture that empower advisors to thrive and clients to achieve their goals."
Kuttin Wealth Management is a private wealth advisory practice of Ameriprise Financial Services, LLC, headquartered in Hauppauge, N.Y., with more than 200 financial advisors and support staff professionals. The team manages over $14 billion in client assets and is supported locally by Ameriprise Franchise Field Vice President Matthew Roesser and Ameriprise Regional Vice President Tom North.
Ameriprise has continued to attract experienced, productive financial advisors, with approximately 1,700 joining the firm in the last 5 years.1 To find out why experienced financial advisors are joining Ameriprise, visit ameriprise.com/why.
About the Ameriprise Ultimate Advisor Partnership
The Ameriprise Ultimate Advisor Partnership offers a differentiated experience for advisors that helps them accelerate growth while delivering an excellent client experience. Combined with the company's culture of support and independence, the Ultimate Advisor Partnership enables advisors to scale their businesses, deepen client relationships and drive referrals for future growth.
About Ameriprise Financial
At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years2. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.
1 Ameriprise Financial 2024 10-K.
2 Company founded June 29, 1894
Ameriprise Financial cannot guarantee future financial results.
Ameriprise Financial Services, LLC is an Equal Opportunity Employer.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.
Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.
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Allison Harries, Media Relations
612.678.7035
allison.h.harries@ampf.com