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Ameriprise scoops up Texas investment adviser

Apr. 24, 2017 11:16 AM ETAmeriprise Financial, Inc. (AMP) StockBy: Stephen Alpher, SA News Editor
  • Founded in 1992 and based in San Antonio, Investment Professionals, Inc. has about 200 financial advisers operating out of more than 140 financial institutions in 29 states. Assets totaled more than $8B as of year-end 2016.
  • Ameriprise's (NYSE:AMP) purchase is expected to close in Q3.

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