Ameriprise Financial

Ameriprise, for example, has hosted more six times as many advisors virtually than it did in person last year.

The father-son practice with two other advisors switched their affiliations after its founder had spent 18 years with New York Life.

Earlier this year, FINRA arbitrators granted the former advisor’s expungement request, but still sided with the firm on its demands for repayment of two promissory notes.

The father-son team praised Ameriprise’s assistance in the face of the coronavirus pandemic after making the move.

Five years of alleged promises, checks that never arrived, and a mysterious employee named “Tryg Nederloe” add up to a bizarre saga with wide ramifications.

Jim Cracchiolo predicts the number of advisors will go back up, but he says the firm places more importance on boosting the size of their businesses.