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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> advisory business

Strong growth for Ameriprise advisory business

Posted by RJ and Makay on Aug 02, 2011

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Advisor productivity attained a new high at Ameriprise Financial (AMP) in the second quarter, with net revenue at $99,000 per financial advisor (FA), up 14% from a year ago.  The increase was attributed to improved client activity and retail client net inflows, the company said in a press release.  The firm added a net 10 FAs versus the prior quarter, bringing the total headcount (excluding Securities America reps) to 9,663.