Ameriprise to buy H&R’s advisory unit
H&R Block's more than 900 brokers and advisers will be added to Ameriprise's employee platform.
Ameriprise Financial Inc. of Minneapolis said Thursday afternoon it is buying H&R Block Financial Advisors Inc. for $315 million in cash, scooping up more than 900 reps and advisers.
It appears that parent company H&R Block Inc. is taking a bath on the deal. In 1999, H&R Block Inc. acquired Olde F
Learn more about reprints and licensing for this article.