MINNEAPOLIS - Pacific Crest Planning, a highly respected wealth management practice overseeing a robust portfolio of over $525 million in client assets, has recently made a strategic move to join the independent channel of Ameriprise Financial, Inc. (NYSE: AMP). The firm’s decision to transition from RBC Capital Markets, LLC in Kennewick, Wash. to Ameriprise Financial was driven by the desire to enhance independence and client-focused service.
Leading the team at Pacific Crest Planning is Ryan Sullivan, an accomplished private wealth advisor who holds multiple prestigious designations including Certified Financial Planner (CFP), Chartered Life Underwriter (CLU), and Chartered Financial Consultant (ChFC). Supporting Sullivan is a team of talented professionals including private wealth advisor Kyle Blodgett, CFP, as well as financial advisors Niles Gale and Landra Macy, along with four dedicated support staff members.
This strategic move by Pacific Crest Planning has been welcomed by the industry and clients alike, as it aligns the firm with a prominent financial advisory firm known for its commitment to empowering advisors to work independently and prioritize their clients’ needs. Ameriprise Financial, a leading wealth management company, provides comprehensive wealth management services and a robust platform that supports advisors in delivering a personalized experience.
Ameriprise Financial’s reputation for sustaining a client-centric approach, combined with its extensive range of resources, made it the ideal partner for Pacific Crest Planning. By transitioning to Ameriprise Financial’s independent channel, the team at Pacific Crest Planning expects to gain greater flexibility, control, and choice, ultimately benefitting their valued clients.
Nevertheless, it is important to note that Ameriprise Financial has experienced a decline in the revenues of its suppliers compared to the same quarter a year ago, with a decrease of -1.56%. Additionally, the company’s sales fell by -5.12% from the previous quarter. However, on a positive note, Ameriprise Financial has shown an impressive year-on-year increase in cost of sales by 906.67%, and sequentially, there has been a growth of 15.27% in Q3.
Despite the fluctuations in the industry, Pacific Crest Planning remains confident that their partnership with Ameriprise Financial will offer numerous advantages to both their team and clients. By leveraging Ameriprise Financial’s robust resources, advanced technology, and support services, Pacific Crest Planning is primed to elevate its commitment to delivering exceptional service and tailor-made solutions to its valued clients.
In conclusion, Pacific Crest Planning’s decision to join Ameriprise Financial’s independent channel signifies a strategic move aimed at boosting their independence and solidifying their client-focused approach. With over $525 million in client assets under management and a notable team of highly qualified professionals, Pacific Crest Planning is well-positioned to serve its clients’ best interests with the added advantages and resources offered by Ameriprise Financial.
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