Ameriprise gets aggressive with recruiting

|About: Ameriprise Financial, Inc. (AMP)|By:, SA News Editor

Looking to do a better job wooing top wealth managers, Ameriprise Financial (AMP -0.6%) will match signing bonuses offered by the nation's largest brokers, raising the amount offered to 150% of an adviser's last 12 months of revenue from 120% previously.

The move comes after Ameriprise since late last year brought in just eight brokers with more than $100M of AUM. During that same period, regional competitor Raymond James lured 32 new brokers.