Ameriprise, Prospera and Raymond James Recruit Advisor Teams With $920 Million in Assets
Updated
Updated · InvestmentNews · Aug 5
Ameriprise, Prospera and Raymond James Recruit Advisor Teams With $920 Million in Assets
1 articles · Updated · InvestmentNews · Aug 5
Summary
$920 million in client assets shifted this week as Ameriprise, Prospera Financial Services and Raymond James Financial Services each added new advisor teams to their independent platforms.
Ameriprise won the biggest move: Fort Lauderdale-based Steinmetz Jackson Wealth Management Group brought more than $370 million from Janney Montgomery Scott, citing stronger financial-planning infrastructure, integrated technology and AI-enabled tools.
Prospera added Abound Advisors, a Texas-California practice with $300 million in assets, as founder Chris Palmer said he wanted a more personal model without giving up technology or growth support.
Raymond James recruited Parsippany, New Jersey-based Seven Arrows Wealth with $250 million from Ameriprise, with the team pointing to greater independence, technology and succession-planning resources.
Across all three moves, recruiting pitches centered on the same themes reshaping advisor transitions: planning capabilities, platform technology, home-office support and autonomy.