Ameriprise Financial Announces Agreement to Acquire Retail Assets of JHS Capital Advisors
April 28 2015 - 9:00AM
Business Wire
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.”
In addition to benefiting from the strong reputation and brand
awareness of Ameriprise, JHS advisors will be able to harness the
robust product platform, marketing support, service capabilities
and technology solutions Ameriprise offers to serve clients and
support advisor growth. Through strategic investments in these and
other areas, Ameriprise has built one of the highest rates of
advisor retention and satisfaction in the industry.
“This is a tremendous opportunity for our advisors to be
affiliated with the stature, stability and national recognition of
Ameriprise,” stated Scott Bendert, JHS President and CEO. “JHS was
founded on the principle of providing excellent service to clients.
Ameriprise offers our advisors considerable career growth
opportunities and expanded capabilities to enhance the client
experience.”
The transaction is subject to customary conditions and
regulatory review, and is expected to close in the third quarter of
2015.
About Ameriprise FinancialAt Ameriprise Financial, we
have been helping people feel confident about their financial
future for more than 120 years. With a nationwide network of 10,000
financial advisors and extensive asset management, advisory and
insurance capabilities, we have the strength and expertise to serve
the full range of individual and institutional investors’ financial
needs. For more information, visit ameriprise.com.
About JHS Capital AdvisorsHeadquartered in Tampa, Fla.,
JHS Capital Advisors LLC, a Registered Securities Broker Dealer and
Registered Investment Advisor, provides personalized client
services for investors nationwide. JHS advisors are dedicated to
serving the full spectrum of client needs and building on a
reputation for fostering multi-generational relationships.
© 2015 Ameriprise Financial, Inc. All rights reserved.
Ameriprise FinancialKathleen McClung, 612-678-1069Sr. Director,
Public Relationskathleen.h.mcclung@ampf.comConnect with us:
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