Strong Values, Goal-Based Planning, and Independence Draws Waddell & Reed Team With Nearly $200 Million in Assets to Ameriprise
May 10 2021 - 12:00PM
Business Wire
Financial advisor Christopher Forbes says
Ameriprise’s mobile app and website are a ‘game-changer’ for
clients
Crosstown Financial Advisors, a wealth management
practice managing $192 million in client assets, joined the
independent channel of Ameriprise Financial, LLC (NYSE: AMP) from
Waddell & Reed. The team, which operates two office locations
in Sugar Grove, Illinois and Lisle, Illinois, includes financial
advisors Christopher Forbes, CFP®, Thomas Morrissy, CFP®,
Kathleen Morrissy, CFP® and David Servatius. When the
sale of Waddell & Reed was announced in late 2020, the advisors
felt it was in the best interest of their clients to do their due
diligence on a variety of firms. They were looking for a
values-driven partner that would provide independence, and robust
succession planning expertise – while enabling them to deliver a
superior client experience grounded in goal-based financial
planning. After evaluating the marketplace, they found that
Ameriprise was the best fit.
“Ameriprise gave us confidence that they would not only guide us
through the transition process, but they would also support our
future growth,” said Forbes, who has over a decade of
experience in the industry. “The technology platform far exceeded
our expectations. The integration of tools and capabilities makes
it efficient for us to do business and seamlessly engage with
clients – whether we’re meeting face-to-face or screen-to-screen.
It’s a game changer that clients only need one login to see
progress toward achieving their goals.”
Thomas Morrissy, who plans to retire later this year
after 30 years in the business, said about the decision to move, “I
have peace of mind that my clients will be in good hands.
Ameriprise has a strong reputation for serving clients with
integrity. I am assured that my fellow team members – particularly
my daughter, Kathleen – are surrounded by leaders and corporate
office experts who are ready and able to support their personal and
practice growth.”
Crosstown Financial Advisors is supported locally by senior
field vice president Trish Moll.
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. For more information, or to find an Ameriprise financial
advisor, visit ameriprise.com.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210510005679/en/
Stephanie Siegle, Media Relations 612.671.2593
stephanie.siegle@ampf.com
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