Ameriprise Financial Succession Planning Program Helps Advisor Sell Her Practice and Retire on Her Terms
November 15 2019 - 8:15AM
Business Wire
Ameriprise Financial, Inc. (NYSE: AMP) today highlighted how the
company’s seasoned Succession Planning team helped advisor Jane
Fontaine of Ocala, Fla. sell her practice and develop a plan for a
smooth transition into retirement – while ensuring her clients
continue to receive quality advice from a team of financial
advisors who share her passion for exceptional service.
Fontaine – who has 38 years of industry experience and managed
more than $167 million in assets at her previous firm, AXA Advisors
– decided in 2018 that she was ready to sell her practice and
gradually transition into retirement. She contacted Ameriprise
after learning of the firm’s track record and capabilities in
helping advisors buy and sell practices. Ameriprise’s team of
specialists not only helped her determine the value of her
practice, but also identified three Ameriprise advisors who were
well positioned to service her book of business and provide a
concierge-level experience to her clients. The team worked closely
with Fontaine and the Ameriprise advisors throughout the entire
sale process, which was completed in June 2018.
An ideal outcome for all parties The transaction proved
to be an ideal outcome for Fontaine as well as the advisors who
will serve her clients going forward. In fact, after the sale
closed, Fontaine secured a three-year position as an Ameriprise
advisor supporting the team – an arrangement that allows her to
serve and maintain connections with her clients and earn additional
income before her official shift into retirement in 2022.
Fontaine credits Ameriprise for enabling her to successfully
sell her practice and retire on her terms and timetable. “When I
set out on this journey, I was overwhelmed by the choices in front
of me,” she said. “I’ve spent my career helping other people map
out their plans for retirement. But when it came to myself, I
wasn’t sure how I was going to navigate the complexities of taking
care of my clients, selling my practice and eventually settling
into retirement.”
“Ameriprise changed the equation. Their team of experts took the
time to understand my goals, develop a plan of action and bring all
the pieces together seamlessly,” Fontaine continued. “I can rest
easy that my clients are in good hands and my plan for retirement
is right on track.”
Since 2008, Ameriprise has helped more than 250 external
advisors sell their practices, seamlessly transition their clients
to an Ameriprise advisor, and retire on their own terms. For more
information on the company’s expertise in succession planning
strategies, visit
https://www.joinameriprise.com/experienced-financial-advisors/practice-acquisition/.
About Ameriprise Financial At Ameriprise Financial, we
have been helping people feel confident about their financial
future for more than 125 years. With extensive asset management,
advisory 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. For more information, or to find an
Ameriprise financial advisor, visit ameriprise.com.
Ameriprise Financial Services, Inc. Member FINRA and SIPC.
© 2019 Ameriprise Financial, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20191115005010/en/
Stephanie Esker, Media Relations 612.671.2593
stephanie.esker@ampf.com
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