Ameriprise Financial’s franchise channel picked up First American Financial, a team of advisors based in Marlton, New Jersey, from LPL Financial.
Advisors Bill Eldridge and Don Delmonte lead the team at First American and manage about $158 million in assets, Ameriprise said Thursday.
The First American team also includes client service associates Denise Cherry, Lyn McCracken and Sandy Foresta. Regional vice president Tom North and franchise field vice president Scott Cohen support the team.
“Ameriprise gives us the opportunity and support to bring in advisors closer to the start of their careers,” according to Eldridge. “We are starting to think about our succession plan in more detail, and we want to make sure we’re able to transition our clients to others on the team with ease, when the time eventually comes for us to retire,” he said in a statement while reflecting on the decision to move to Ameriprise after serving clients for more than 33 years.