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

Trump executive order set to ease path for private assets in 401(k)s, but hurdles remain
Trump executive order set to ease path for private assets in 401(k)s, but hurdles remain

A new Pitchbook analysis unpacks sticking points relating to liquidity, costs, and litigation risk for would-be investors and plan sponsors.

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.

Vestmark, BlackRock, iCapital, and Dynasty forge four-way private market partnership
Vestmark, BlackRock, iCapital, and Dynasty forge four-way private market partnership

The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.

DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback
DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback

A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.

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.