Financial Advisors

Ameriprise Financial welcomed financial advisors Chris Theis and Michael Thomas, formerly with Commonwealth Financial Network, to its independent channel. Managing over $150 million in combined client assets, they cited Ameriprise’s personalized support, growth-focused resources, and integrated technology as key factors in their decisions. Theis valued the boutique-like environment combined with robust support, while Thomas sought practice management tools to manage growth. Their moves highlight Ameriprise’s success in attracting talent amidst industry consolidation.

Raymond James Financial (RJF) has added a 16-member advisory team, formerly with M Financial Group, to its Raymond James Financial Services (RJFS) independent channel. Led by Thomas C. Rapp, Ronald J. Greenberg, and Patrick Maguire, the team manages approximately $1.8 billion in client assets. Based in Morristown, NJ, and West Palm Beach, FL, they specialize in wealth management strategies for ultra-high-net-worth families. This acquisition enhances Raymond James’ wealth management capabilities, bringing their total client assets to approximately $1.64 trillion as of June 30, 2025.

Financial advisors Chuck Heare, Ross Heare, Tommy Goth, and Jennifer Goth-Castillo, managing $480 million in client assets, have joined Q5 Wealth Management, an existing Ameriprise practice, from UBS Financial Services. Motivations included Ameriprise’s client-first culture, the freedom to build out support models, and shared values. Q5 has experienced significant growth, adding Scott Guptill and Kurtis Bell, and now manages over $1.9 billion in client assets with a team of 11 advisors and 7 support staff.

Ameriprise Financial announced that Allegiant Private Wealth, formerly of Merrill Lynch, has joined its independent advisor network. The Maryland-based wealth advisory practice, led by Christine Selzer, brings over $300 million in assets. This move reflects a strategic shift for Allegiant, seeking greater autonomy and a focus on financial planning. Ameriprise sees this as a key part of attracting experienced financial advisors.

PKS Investments, a Binah Capital Group company, is a finalist in two categories for the 2025 Wealth Management Industry Awards (“The Wealthies”). PKS is recognized for its Transition Support/Transition Services and CEO Katherine Flouton is a finalist for Chief Executive of the Year. This highlights PKS’s expertise in supporting advisors and leadership within the wealth management sector, showcasing Binah Capital’s commitment to empowering independent financial advisors. Winners will be announced September 4th in NYC.