Advisor Team with $105 Million In Assets Returns to Ameriprise Financial After 5 Years at LPL
Private Wealth Advisor Kyle Rasmussen, CFP®, APMA™, and Financial Advisor Nick Blasberg have rejoined Ameriprise Financial from LPL Financial, bringing over $105 million in client assets. Operating under Generational Wealth Partners, their team includes financial planning specialist Hunter Bell, CFP®. Rasmussen emphasized Ameriprise's supportive environment, integrated technology, leadership support, and resources for external practice acquisitions as reasons for the move. Ameriprise has attracted over 400 advisors in 2023 and approximately 1,700 in the last five years.
- Rejoined Ameriprise Financial with $105 million in client assets.
- Experienced advisors like Kyle Rasmussen and Nick Blasberg joined the team.
- Generational Wealth Partners includes a financial planning specialist, Hunter Bell.
- Seamless integration and streamlined technology at Ameriprise.
- Significant leadership support and coaching programs available.
- Dedicated resources for external practice acquisitions.
- Smooth transition process, moving the majority of the client's book in less than two months.
- Ameriprise attracted over 400 advisors in 2023 and 1,700 in the last five years.
- No mention of specific financial performance metrics or growth targets.
- Transitioning costs or potential disruptions during the move not discussed.
- Potential risks associated with external practice acquisitions not elaborated.
Advisor Kyle Rasmussen says he missed the wraparound support and resources at Ameriprise that help him serve clients and grow his practice
Rasmussen, who has nearly 15 years in the industry, returns to Ameriprise Financial after a five-year stint at LPL where he quickly learned that not all broker-dealers are equal in terms of support. “At Ameriprise, advisors are never made to feel they are going it alone,” explained Rasmussen. “The firm puts advisors at the center of their business model and focuses on providing all the tools, technology, training, time and energy needed to grow and do great things for clients.”
Rasmussen cited several other benefits that influenced the team’s decision to move to Ameriprise:
- Integrated and streamlined technology: “All of the technology, tools, and systems at Ameriprise work seamlessly together and streamline how we operate. This allows us to spend less time on paperwork and more time caring for our clients.”
- Leadership support and coaching programs: “Ameriprise is dedicated to helping us meet our goals for growth through educational opportunities, coaching programs and experts from across the firm.”
- Resources for external practice acquisitions: “It’s well known in the industry many financial advisors are planning to retire over the next several years. Ameriprise has been preparing for this trend and has dedicated resources to help acquire and onboard external practices when opportunities arise.”
“With the expertise and backing of Ameriprise, we’ve already moved the majority of our book in less than two months,” said Rasmussen. “Our clients have been impressed with how seamless the transition process has been.”
The team is supported locally by Ameriprise franchise field vice president Brad Sabol and Ameriprise regional vice president Michael Lawson.
Ameriprise has continued to attract experienced, productive financial advisors, with more than 400 advisors moving their practices to Ameriprise in 2023 and approximately 1,700 joining the firm in the last 5 years.1 To find out why experienced financial advisors are joining Ameriprise, visit ameriprise.com/why.
About the Ameriprise Ultimate Advisor Partnership
The Ameriprise Ultimate Advisor Partnership offers a differentiated experience for advisors that helps them accelerate growth while delivering an excellent client experience. Combined with the company’s culture of support and independence, the Ultimate Advisor Partnership enables advisors to scale their businesses, deepen client relationships and drive referrals for future growth.
About Ameriprise Financial
At Ameriprise Financial, we have been helping people feel more confident about their financial future for 130 years. With extensive investment advice, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors2, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.
Ameriprise Financial cannot guarantee future financial results.
Ameriprise Financial Services, LLC is an Equal Opportunity Employer.
Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.
Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in
1 Ameriprise Financial 2023 10-K.
2 Ameriprise Financial Q1 2024 Earnings Release.
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Allison Harries, Media Relations
612.678.7035
allison.h.harries@ampf.com
Source: Ameriprise Financial, Inc.
FAQ
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