Ameriprise Financial announced the acquisition of the Pinnacle Wealth Management advisory practice from LPL Financial, adding more than $110 million in assets under management to its independent‑advisor network. The practice, headquartered in Lafayette, Louisiana, will join Ameriprise’s growing roster of mid‑market advisors.
The Pinnacle team is led by private‑wealth advisor Vincent Lauer and includes financial advisor Hank Morvant and support staff Emily Currier. Together the team brings 55 years of industry experience, positioning Ameriprise to deepen client relationships and accelerate growth in the mid‑market segment.
The deal fits Ameriprise’s strategy of expanding its independent‑advisor channel and reinforcing its integrated ecosystem. By adding a seasoned advisory team and a sizable AUM base, Ameriprise strengthens its moat and supports future organic growth. The company has recruited approximately 1,700 advisors in the last five years, underscoring its focus on experienced professionals who can leverage Ameriprise’s technology and support services.
Ameriprise’s recent financial performance demonstrates the capacity to pursue such acquisitions. In Q4 2025, the company reported adjusted operating earnings per diluted share of $10.83, a 16% year‑over‑year increase, and record revenues and assets under management of $1.7 trillion, up 11% from the prior year. These results provide a solid foundation for continued expansion of its independent‑advisor network.
Vincent Lauer said, “Ameriprise offers the right combination of technology, service, and support to help us deliver deeper, more personalized advice. The firm’s integrated platform brings everything together in one place, allowing us to spend less time managing systems and more time focused on our clients.”
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