Ameriprise nabs $304M team from MassMutual
May 7, 2019 by Lavanya Nair
Ameriprise recruited a team from MassMutual where the group oversaw $304 million in client assets, according to a company spokeswoman.
The move is indicative of the firm’s aggressive hiring strategy to expand its brokerage ranks. Other recent hires include a team from Wells Fargo which oversaw $174 million in client assets. Ameriprise has added a net 98 advisors over the past 12 months, bringing total headcount to 9,979 independent and employee advisors, according to the company’s earnings report.
John Ross and his team, the firm’s newest additions, joined the company’s independent channel. Making the move with him are advisors Billy Diodato, Dan Buckley and Jack Fraser; client relationship managers Johnathan Ross (John Ross’ son) and Pamela DeRose; and executive assistant Maryann Gulotta.
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