The two manage around $275 million in assets from their dealings with multi-generational family clients. Ohel reported that they made the move because they liked the budgeting and financial planning offerings at Ameriprise and felt it was a good fit for their team structure as well.
“We had a feeling when we went into this about a month ago [Ameriprise] would probably be the place,” Ohel said in a phone interview. “But we always tell clients that if we are going to move or upgrade them, they’re counting on us to do the due diligence or tire kicking.”
The two had worked together at Morgan Stanley wealth management since 2005. Ohel started out his career at Merrill Lynch in 1992 right after college before moving to Morgan Stanley in 1999. Duncan’s career began in 1996, and he was at U.S. Bancorp in Chicago, Ill., before joining Morgan Stanley.
The team’s office manager, Eteri Reimer, is following them to Ameriprise, and Ohel said they will also be hiring a new administrative assistant and someone to help with the technology side of their practice.
Last month, the firm added another Morgan Stanley team in Westborough, Mass., and had a total of 2,328 advisors as of Sept. 30.
