Ameriprise To Buy Florida's JHS Capital Advisors

Eliane Chavagnon

29 April 2015

All 150 JHS advisors are expected to join one of the existing channels at Ameriprise, which operates both employee and independent advisors channels.

Ameriprise Financial already has 10,000 financial advisors and $815 billion in assets under management and administration.

Terms of the agreement were not disclosed. The transaction is subject to customary conditions and regulatory approval and is expected to close in the third quarter of 2015.