Charles A. Smith of Gilbert, Arizona, has some $165 million of client assets and is now part of Ameriprise’s employee channel. The advisor also has some 15 years in the business.
He was with LPL Financial between October 2007 and October 2014, after working with Trusted Securities Advisor Corp./MONY Securities Corp., as well as First Global Capital Corp., according to FINRA records.
Ameriprise said last week that it has a total of 9,696 advisors, up four from Q2’14 but down 65 from the year-ago period.
The number of its employee advisors stands at 2,100 — a drop of 15 from the prior quarter and 135 from Sept. 30, 2013. It has 7,596 franchisee reps, which is up 19 from Q2’14 and up 70 from Q3’13.
Its quarterly retention level for employee reps is 91.9% as of Sept. 30 and 94.6% for franchisee advisors.