Pinnacle Wealth Management Joins Ameriprise Independent Channel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy AMP?
Source: Newsfilter
- Asset Transition: Pinnacle Wealth Management has transitioned from LPL Financial to Ameriprise Financial, managing over $110 million in assets, showcasing its strong market presence and appeal in wealth management.
- Team Expertise: Led by Vincent Lauer, the team boasts over 55 years of combined industry experience, emphasizing that Ameriprise's technology and services will enhance client experience, thereby increasing client loyalty and satisfaction.
- Positive Client Feedback: Lauer noted that the transition has gone smoothly with overwhelmingly positive client feedback, as clients can more easily understand and engage with their financial picture, which will help boost client engagement and business growth potential.
- Advisor Attraction: Ameriprise has attracted approximately 1,700 experienced financial advisors in the past five years, demonstrating its competitiveness and appeal in the industry, further solidifying its market position.
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Analyst Views on AMP
Wall Street analysts forecast AMP stock price to rise
8 Analyst Rating
4 Buy
3 Hold
1 Sell
Moderate Buy
Current: 458.980
Low
485.00
Averages
559.71
High
660.00
Current: 458.980
Low
485.00
Averages
559.71
High
660.00
About AMP
Ameriprise Financial, Inc. is a diversified financial services company. The Company’s segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through the Company’s advisors. The Asset Management segment provides investment management, advice and products to retail, high net worth and institutional clients on a global scale through the Columbia Threadneedle Investments brand. It provides institutional products and services through its institutional sales force. The Retirement & Protection Solutions segment includes retirement solutions (variable annuities and payout annuities) and protection solutions (life and disability income insurance). Retirement Solutions provides variable annuity products by RiverSource Life companies to individual clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Expectations: According to FactSet, the S&P 500 is projected to have a blended growth rate of 12.5% in Q1, with 78% of reporting companies exceeding expectations, providing a positive backdrop for the upcoming earnings season that could further bolster market confidence.
- Oil Price Volatility: While oil prices have fallen to around $80 per barrel, significantly below the $110 peak during the conflict, the market must remain vigilant regarding the potential impacts of U.S.-Iran tensions on global supply chains, particularly concerning the safety of transit through the Strait of Hormuz.
- Technical Fragility: Despite the market's strong short-term performance, analyst Craig Johnson warns that the rapid transition from oversold to overbought conditions masks underlying macroeconomic risks, urging investors to remain cautious and focus on high-quality investment opportunities.
See More
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- Customer Satisfaction Boost: Ameriprise Financial achieved one of the highest overall investor satisfaction scores in the JD Power 2026 U.S. Investor Satisfaction Study, ranking third, which reflects its 132-year history of helping clients achieve their financial goals.
- Trust and Quality: CEO Jim Cracchiolo stated that this ranking underscores the trust clients place in the firm, highlighting the high-quality advice and solutions provided by its advisors, which enhances client confidence in their financial decisions and future.
- Broad Client Base: JD Power surveyed 7,982 advised investors, with Ameriprise excelling across multiple dimensions, including digital channels, ease of doing business, and service quality, demonstrating its competitiveness in the wealth management sector.
- Industry Recognition: Ameriprise Financial stood out among 23 evaluated firms, and while it did not pay a fee for the evaluation, its strong performance in client satisfaction lays a solid foundation for future market expansion.
See More
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- Asset Transition: Pinnacle Wealth Management has transitioned from LPL Financial to Ameriprise Financial, managing over $110 million in assets, showcasing its strong market presence and appeal in wealth management.
- Team Expertise: Led by Vincent Lauer, the team boasts over 55 years of combined industry experience, emphasizing that Ameriprise's technology and services will enhance client experience, thereby increasing client loyalty and satisfaction.
- Positive Client Feedback: Lauer noted that the transition has gone smoothly with overwhelmingly positive client feedback, as clients can more easily understand and engage with their financial picture, which will help boost client engagement and business growth potential.
- Advisor Attraction: Ameriprise has attracted approximately 1,700 experienced financial advisors in the past five years, demonstrating its competitiveness and appeal in the industry, further solidifying its market position.
See More
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- Independence with Support: The advisors sought greater autonomy in their business while leveraging Ameriprise's resources and technology; Flamm noted that Ameriprise's tools and support perfectly align with their business needs, aiding in client goal achievement.
- Smooth Transition Process: Flamm emphasized that the transition has been incredibly smooth, with clients appreciating the seamlessness, which not only bolstered their confidence but also validated the correctness of their decision.
- Long-Term Development Planning: Flamm pointed out that joining Beyond Wealth Advisors allows them to better plan for long-term continuity, including identifying future successors, ensuring clients continue to receive high-quality service.
See More
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- Earnings Growth Drivers: Tech and financial stocks are expected to dominate earnings growth in the first half of the year.
- Market Reliance: The anticipated earnings growth may hinder the market's ability to diversify away from reliance on these sectors as the first quarter reporting season begins.
See More
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- Rule Repeal Impact: The U.S. court has struck down the fiduciary rule aimed at enhancing retirement investor protections for the second time, which may lead to retirement investors receiving investment advice that does not serve their best interests, thereby increasing market confusion and uncertainty.
- Historical Repetition: This event mirrors the previous repeal of a similar rule during the Obama administration, highlighting the financial industry's resistance to regulatory measures through legal challenges, potentially exposing investors to lower protection standards.
- Investment Decision Risks: Recent data shows that approximately 6 million individuals rolled nearly $700 billion into IRAs in 2022, and the absence of fiduciary rules may diminish the quality of advice surrounding these significant financial decisions, increasing risks for investors.
- Industry Reaction: The insurance industry welcomed this ruling as a victory for consumers, arguing that the Biden-era rule exceeded the Department's authority, indicating that future investors must be more cautious in selecting advisors to ensure they receive transparent and interest-aligned advice.
See More
