On June 18, 2025, Springs Wealth Group, a large advisory team that previously managed more than $950 million in client assets, departed Ameriprise Financial to join Raymond James Financial Services. The team is based in Colorado Springs, Colorado, with additional offices in Texas.
This departure represents a significant outflow of client assets from Ameriprise's platform. The loss of a team managing nearly a billion dollars in assets can have a material impact on the firm's overall assets under management and its competitive position in the wealth management sector.
The move highlights the intense competition for top-tier financial advisors and the challenges firms face in retaining high-producing teams. Ameriprise's ability to offset such losses through new recruitment and organic growth will be critical for its continued performance.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.