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Stocks•17 April 2026•

1 min read

Ameriprise Financial Expands Wealth Management with $110M Pinnacle Team Addition

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Key Facts

1Pinnacle Wealth Management joined Ameriprise's independent advisory channel with $110 million in assets under management.

2Ameriprise client assets reached a record $1.7 trillion by the end of 2025.

3The firm streamlined its adviser divisions under a single leadership structure to enhance recruitment.

Ameriprise Financial has expanded its independent advisory network by integrating the Louisiana-based Pinnacle Wealth Management team, which manages $110 million in assets. This move is part of a strategic growth initiative designed to scale the firm's wealth management division and streamline advisor recruitment. To support this growth, Ameriprise recently consolidated its advisor divisions under a single leadership structure to enhance operational efficiency. By the end of 2025, the firm’s total client assets reached a record-breaking $1.7 trillion. This latest acquisition underscores the company's ongoing success in attracting independent teams to its platform. While the specific acquisition is modest relative to total AUM, it signals continued momentum in the firm's recruitment and expansion strategy.