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Direct asset migration (>$270M) to AMP's independent channel supports higher AUM and recurring revenue; long-term growth potential from continued advisor recruitment and enhanced tech platform. Similar broker-channel moves historically lead to modest near-term price bumps for AMP when corroborated by multiple such hires.
What happened, with direct paths to the underlying reporting
Johnson Stivender Wealth Advisors moved to Ameriprise's independent channel from Raymond James, adding over $270 million in client assets. The transition underscores Ameriprise's ability to attract experienced teams via AI-enabled technology, growth resources, and succession planning. The shift likely boosts near-term assets and supports long-term revenue growth through expanded advisor capacity.
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