Ameriprise Financial

The giant wealth manager is re-hitting its stride after its best quarterly net gain in advisors in at least two years.

Two representatives in a New Jersey office made lewd comments and created a hostile work environment, the former employee says.

Merrill Lynch, Ameriprise Financial and Hightower Advisors are on the list for the 2021 Digital Wealth Management Impact Innovation Awards.

The acquisition will add $124 billion of European AUM and give Ameriprise access to the Canadian bank’s ESG strategies. It will also initiate a distribution relationship with the Bank of Montreal’s North American wealth management business.

The rare move to set aside the regulator’s ruling came more than a decade after the rep ran into trouble by adding notes about his client into a software program.

With planners aging and the industry’s demographics still far out of step with the country’s, wealth managers are bulking up their support for new entrants.

The nearly 10,000 advisors affiliated with the firm grow 2.5 times as fast as their peers at rival brokerages, CEO Jim Cracchiolo says.

Policy changes could deprive some politicians of significant campaign funds.

The unit could fetch more than $3 billion, according to people familiar with the matter.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.