Advisor takes $250 million practice to Ameriprise

Advisor takes $250 million practice to Ameriprise
John Cortale and team will work under a new name, Monumental Financial Planning.
JUL 23, 2024

Private wealth advisor John Cortale, along with his team, has moved to Ameriprise Financial, Inc. from LPL Financial in Washington D.C., bringing $250 million in client assets. Operating under the new name Monumental Financial Planning (formerly The Cortale Group), the team also includes financial advisors John Martin Moran and Nina Kamrani, client service manager Adam Mirza, and client service coordinator Omaid Omar.

In a statement, Cortale highlighted his team's decision to join Ameriprise Financial was motivated by the firm’s enhanced financial planning capabilities, greater firm support, and fully-integrated technology. At the same time, the team was attracted to Ameriprise’s commitment to integrity and client-centric values.

“Our decision to join forces with Ameriprise Financial was driven by our unwavering dedication to giving the best possible experience to clients,” said Cortale. “We are excited to leverage Ameriprise’s vast resources and industry-leading solutions to better serve our clients and help them achieve their financial goals.”

With their new affiliation, Monumental Financial Planning plans to offer investment solutions tailored to their client needs. “We are confident that our partnership with Ameriprise will empower us to continue delivering the personalized attention and holistic financial solutions that our clients want and need,” Cortale said.

The company statement noted the team will be supported locally by Ameriprise franchise field vice president Athena McGuire and regional vice president Tom North.

Ameriprise Financial emphasized the company’s capability to attract experienced financial advisors, such as Monumental Financial Planning, with more than 400 advisors joining the firm in 2023 alone and approximately 1,700 joining in the past five years.

Ameriprise Financial has a network of approximately 10,000 financial advisors.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.