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RJ & Makay

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

Securities America reps pledge to stay

Posted by RJ and Makay on Jun 14, 2011

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Advisors at Securities America, the broker-dealer owned by Ameriprise Financial, are being asked to sign loyalty pledges, an indication that a sale of the company may be imminent.  A Securities America employee said that the idea did not come down from management, but was a “grassroots” effort on the part of reps and advisors within the company who do not intend to leave the firm and wanted to boost morale.