Ameriprise Lures Veteran Advisor with $100M in Assets

Ameriprise Financial has continued its trend of attracting experienced financial advisors, with the recent addition of 40-year industry veteran Gary Presslaff to its Monumental Financial Planning team. Presslaff brings nearly $100 million in client assets, further strengthening Ameriprise's position in the market.

Presslaff, who previously worked at LPL Financial, was drawn to Ameriprise by its advanced technology, innovative planning strategies, and collaborative team environment. John Cortale, Ameriprise Private Wealth Advisor and Monumental's Managing Director, had previously collaborated with Presslaff and invited him to join the team. The practice currently manages over $350 million in client assets and includes four advisors and two support staff.

Ameriprise's Ultimate Advisor Partnership played a significant role in Presslaff's decision to join the firm. This partnership offers a differentiated experience for advisors, helping them accelerate growth while delivering an excellent client experience. Combined with Ameriprise's culture of support and independence, the Ultimate Advisor Partnership enables advisors to scale their businesses, deepen client relationships, and drive referrals for future growth.

This move by Presslaff is part of a broader trend of experienced advisors joining Ameriprise. In 2023 alone, over 400 advisors moved their practices to Ameriprise, and approximately 1,700 have done so in the last five years. This influx of talent reflects Ameriprise's commitment to providing a supportive environment for advisors and a robust platform for growth.

Ameriprise's success in attracting experienced advisors like Presslaff underscores the firm's strong value proposition. Its advanced technology, innovative planning strategies, and commitment to client service have made it an attractive destination for advisors seeking to grow their practices and better serve their clients.

As Ameriprise continues to attract top talent, it solidifies its position as a leader in the financial services industry. With a nationwide network of approximately 10,000 financial advisors and extensive investment advice, asset management, and insurance capabilities, Ameriprise is well-positioned to serve the full range of individual and institutional investors' financial needs.

In conclusion, Gary Presslaff's move to Ameriprise demonstrates the firm's ability to attract experienced advisors and capitalize on the strengths of its Ultimate Advisor Partnership. As Ameriprise continues to grow and adapt, it remains committed to supporting advisors and delivering exceptional client experiences.