The latest moves in the North American wealth management sector.
Iron Birch Advisors/Ameriprise Financial
Financial advisor Michael Schwartz and his team, are joining Iron Birch Advisors, an independent channel of Ameriprise Financial. They had been working with Cetera Advisor Networks.
The team has nearly $250 million in client assets.
Iron Birch Advisors, which is led by Ameriprise private wealth advisor Gregory Manto, was established in 2018 and manages over $700 million in client assets. The New York City-based team includes 20 financial advisors and seven support staff members.
Schwartz and Manto have known each other for more than 25 years and referred clients to one another for years given Manto’s focus on complex financial planning and Schwartz’s expertise in accounting. After two decades, they found the right synergies were in place for them to work together in an official capacity, Ameriprise said in a statement yesterday.
The team is supported locally by Ameriprise franchise field vice president Matthew Roesser.