News Releases
MINNEAPOLISMay 19, 2015 – Ameriprise Financial, Inc. (NYSE: AMP), today announced its support for U.S. service members with a $100,000 grant to Wounded Warrior Project® (WWP). The donation will be directed to the Warriors to Work® program, which provides career guidance and services to WWP Alumni transitioning to the civilian workforce. This year, the program aims to place 2,500 wounded service members in employment that is well suited for their skills, with an ultimate goal of employing 10,000 injured veterans by 2017.
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MINNEAPOLISAPRIL 28, 2015 – 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.”
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