Milwaukee-based advisory firm managing $344 million joins Ameriprise from Morgan Stanley

Milwaukee-based advisory firm  managing $344 million joins Ameriprise from Morgan Stanley
Founders of The Filla Latzke Group pull stakes
NOV 30, 2016
A Milwaukee-based advisory firm with $344 million under management has joined Ameriprise from Morgan Stanley. Scott Latzke and Mark Filla, making up The Filla Latzke Group, said in a statement that Ameriprise was the best fit for their firm. (More: See the Advisers on the Move database for all of the latest adviser moves) “We chose Ameriprise because it provides our team with the capabilities and flexibility to deliver financial planning solutions that are tailored to our clients' needs,” the statement read. “As we explored our options, we recognized that Ameriprise is a great fit for advisers who are focused on growing their businesses.” Manish Dave, senior vice president of business development at Ameriprise, said such moves by advisers are a testament to the services and support provided by the broker-dealer, which has a national network of approximately 10,000 advisers. (More: Raymond James recruits three advisers managing $441 million in assets from Merrill Lynch) “Advisers like what they see with Ameriprise,” Mr. Dave said “The continued movement of some of the best in the industry to our firm is a reflection of their enthusiasm and why they're picking Ameriprise to help their practices grow and flourish into the future.” Ameriprise, through its advisory network, serves more than 2 million clients and had nearly $800 billion under management and advisement as of the most recent earnings report. (More: Merrill fires another star broker, this time over expense account charges)

Latest News

GLP-1 users are trading retirement savings for their prescriptions
GLP-1 users are trading retirement savings for their prescriptions

A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.

Inspired Healthcare sale price of properties is 59% of $1.2 billion sold by advisors
Inspired Healthcare sale price of properties is 59% of $1.2 billion sold by advisors

The hundreds of millions of dollars from a sale of Inspired Healthcare properties does not mean an immediate windfall for investors.

Class action alleges Webull misled investors about China operations
Class action alleges Webull misled investors about China operations

Its SEC filings said one thing - a congressional probe said another.

Investors accuse Netcapital of inflating revenue through sham deals
Investors accuse Netcapital of inflating revenue through sham deals

Sham agreements allegedly padded revenue by 345%.

Pre-retirees are looking for flexibility, security, and guidance when it comes to retirement income: Cerulli
Pre-retirees are looking for flexibility, security, and guidance when it comes to retirement income: Cerulli

"Most pre-retirees are uncomfortable making key retirement income decisions without an advisor's help," said Chris Bailey of Cerulli.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor