Ameriprise secures $18B of client assets from Comerica Bank

March 14, 2023 by Victoria Zhuang

Ameriprise Financial expects around $18 billion to move onto its balance sheet later this year under a new agreement to take over management of Comerica Bank’s broker-dealer client assets.

Minneapolis-based Ameriprise announced Friday that it had been chosen by Dallas-based Comerica to provide investment services to roughly 100 Comerica financial advisors based in Texas, Michigan, California, Florida, Arizona and the Carolinas.

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Originally Posted at Financial Planning on March 6, 2023 by Victoria Zhuang.