Ameriprise Financial Welcomes First American Financial in Marlton, N.J.
November 14 2019 - 9:21AM
Business Wire
The two-advisor team joins from LPL with $158
million in assets under management
Today Ameriprise Financial, Inc. (NYSE: AMP) announced that
First American Financial, a team of experienced financial advisors,
has joined its franchise channel in Marlton, N.J. from LPL
Financial. Advisors Bill Eldridge and Don Delmonte, CFP® lead the
team, which also includes client service associates Denise Cherry,
Lyn McCracken, and Sandy Foresta. The team manages approximately
$158 million in assets and joined Ameriprise from LPL Financial.
Regional vice president Tom North and franchise field vice
president Scott Cohen support the team.
Reflecting on their decision to move to Ameriprise after both
serving clients for more than 33 years, Eldridge said,
“Ameriprise gives us the opportunity and support to bring in
advisors closer to the start of their careers. We are starting to
think about our succession plan in more detail, and we want to make
sure we’re able to transition our clients to others on the team
with ease, when the time eventually comes for us to retire.”
“Frankly, we want to grow more quickly,” Delmonte added. “We are
actively seeking practice acquisitions so that we can build our
footprint and help more clients plan for retirement and other
goals.”
Eldridge and Delmonte felt that Ameriprise’s financial stability
and continual investments into the business would help them reach
their growth goals.
“I met Bill and Don almost 10 years ago, prior to their time at
LPL,” said Tom North, their Ameriprise Regional Vice President.
“The work and the money we are spending on tools and technology to
enhance the client experience was a key factor in their decision to
move their practice.”
First American Financial primarily works with pre-retirees,
retirees and small business owners in New Jersey and Florida.
More than 4,000 financial advisors have joined Ameriprise since
2008.1 To find out why experienced financial advisors are joining
Ameriprise, visit joinameriprise.com.
1 – Company data as of June 2019.
About Ameriprise Financial At Ameriprise Financial, we
have been helping people feel confident about their financial
future for more than 125 years. With extensive asset management,
advisory and insurance capabilities and a nationwide network of
approximately 10,000 financial advisors, we have the strength and
expertise to serve the full range of individual and institutional
investors' financial needs. For more information, or to find an
Ameriprise financial advisor, visit ameriprise.com.
Ameriprise Financial Services, Inc. Member FINRA and SIPC. ©
2019 Ameriprise Financial, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20191114005487/en/
Ameriprise Financial, Inc. Stephanie Esker, Media Relations
612.671.2593 stephanie.esker@ampf.com
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