The Larson Payne Larson Group, which includes advisors Tony Larson, Russell Payne and Rob Larson and registered client service associates Michelle Farrell and Kevin Gathke, joins Ameriprise’s employee channel in Edina, Minn., according to a press release from the company.
The team previously managed around $222 million, Ameriprise says.
Ameriprise lured another Wells Fargo advisor, who managed $152 million, in October. Since the end of the third quarter, Ameriprise also nabbed brokers from LPL Financial, Merrill Lynch and Edward Jones, but also lost several advisors to LPL and a practice to Integrated Partners.
Wells Fargo and its affiliated firms have had some turnover in recent months. Since the end of the third quarter, they picked up advisors from UBS, PNC, LPL and Morgan Stanley but lost several registered representatives to Raymond James and Stifel.