Minnesota Team with $250 Million Joins Ameriprise to Provide “Best-in-Class Experience” for Clients

Rhea-AI Summary

Ameriprise Financial has welcomed the Christensen Wealth Advisory Group to its branch channel, managing over $250 million in client assets. The transition from Wells Fargo occurred after a two-year evaluation process, with the team citing Ameriprise's superior financial planning and management capabilities. Within the first month, they successfully retained most of their clients and gained new ones, showcasing strong client loyalty and satisfaction. The team values Ameriprise's extensive resources, solid values, and brand recognition.

Positive

• Christensen Wealth Advisory Group retained nearly all clients within the first month of joining Ameriprise.
• Acquired new clients excited about their relationship with Ameriprise.
• The team chose Ameriprise after a two-year evaluation due to its strong financial planning and practice management capabilities.
• Ameriprise has attracted approximately 1,700 experienced advisors in the last five years.

Negative

• None.

Within their first month at Ameriprise, the team has retained nearly all their clients and acquired new ones

MINNEAPOLIS--(BUSINESS WIRE)-- Christensen Wealth Advisory Group, a wealth management practice managing in excess of $250 million in client assets in Edina, Minnesota, joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Wells Fargo. Private Wealth Advisor Jeremy Christensen leads the team, which includes financial advisors Bruce Olson and Anthony Tsakakis, and registered client service associate Cheryl Larsen. The team evaluated the marketplace for more than two years before deciding on Ameriprise, which they chose for its extensive client experience, financial planning, and practice management capabilities.

Christensen Wealth Advisory Group, a wealth management practice in Edina, Minnesota, joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Wells Fargo. (Photo courtesy of Christensen Wealth Advisory Group.)

The team has already seen a positive benefit from moving to Ameriprise. Within the first month, they retained the majority of their assets by servicing and deepening relationships with their loyal clients and acquiring new clients who are excited about their relationship with Ameriprise.

Reflecting on the transition, Christensen said, “We appreciate the opportunity to partner with the branch’s leadership and various support teams at Ameriprise to offer the best experience for our clients. The firm delivered what we were looking for, which is a harmonious environment that allows us to do business with clients the way we want to and has extensive support and resources to help us be successful.”

Christensen Wealth Advisory Group evaluated many firms against their key criteria and found Ameriprise to be the best fit. They wanted to affiliate with a firm with solid values, strong brand recognition, robust financial planning capabilities, and a wide investment platform. The team also values the practice management tools and systems to create efficiencies.

The team appreciated that Ameriprise is headquartered in nearby Minneapolis. “We are off to an unbelievable beginning due to the tremendous loyalty we have with our clients, and we’re excited about the future,” said Christensen.

The team serves a wide variety of clients in Minnesota and across the U.S., many of whom have been with them for 20 years or more. They are supported by branch manager Adam Lukens.

Ameriprise has continued to attract experienced, productive advisors, with 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 Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management 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.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP^®, CERTIFIED FINANCIAL PLANNER^TM and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2021 Ameriprise Financial, Inc. All rights reserved.

¹ Ameriprise Financial 2020 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005760/en/

Stephanie Siegle, Media Relations

612.671.2593

stephanie.siegle@ampf.com

Source: Ameriprise Financial

FAQ

What are the key highlights of Christensen Wealth Advisory Group's move to Ameriprise (NYSE: AMP)?

The Christensen Wealth Advisory Group retained nearly all clients and acquired new ones within the first month of joining Ameriprise, managing over $250 million in client assets.

Why did the Christensen Wealth Advisory Group choose Ameriprise (NYSE: AMP)?

They chose Ameriprise for its extensive client experience, financial planning capabilities, practice management tools, and brand recognition.

How has the transition to Ameriprise (NYSE: AMP) impacted Christensen Wealth Advisory Group?

The transition has led to strong client retention and new client acquisitions, demonstrating the team's successful integration into Ameriprise.

How many advisors has Ameriprise (NYSE: AMP) attracted in the past five years?

Ameriprise has attracted approximately 1,700 experienced advisors in the last five years.