Advisers Managing $290M Exit Commonwealth for Ameriprise, Cetera

Two advisory practices with a combined $290 million in client assets have departed Commonwealth Financial Network, with one landing at Ameriprise Financial and the other at Cetera, as advisers continue to weigh their options following LPL Financial’s acquisition of the firm.

Strickoff Financial Services Joins Ameriprise

Kive Strickoff has moved his Florida-based advisory practice, Strickoff Financial Services LLC, to Ameriprise Financial from Commonwealth, bringing nearly $140 million in client assets to The Atlantic Group, an established Ameriprise practice in Boca Raton.

Strickoff joins The Atlantic Group alongside client service associates Rhonda Sossner and Colleen Barbato. The Boca Raton practice, founded by Andrew Lerner and Logan Shalmi manages more than $1.8 billion in combined client assets across 11 financial advisers and nine support staff.

The transition was facilitated through Ameriprise’s external practice acquisition program, through which local field leadership identified compatible advisory practices for advisers exploring succession or affiliation changes. Strickoff, who described himself as a solo practitioner seeking scale and continuity, said The Atlantic Group’s planning-focused approach aligned with his existing service model.

“After meeting with local leadership and engaging in a thoughtful evaluation process, it became clear that Ameriprise and The Atlantic Group shared my values around client care, continuity, and long-term growth,” Strickoff said.

The move adds to a continued flow of advisers departing Commonwealth following LPL Financial’s acquisition of the firm.

Ameriprise has reported approximately 1,700 adviser additions over the past five years. The Atlantic Group itself transitioned to Ameriprise from Oppenheimer in October 2025, at the time with $1.6 billion in client assets.

Strickoff’s team is supported locally by Drew Granauro, branch manager; Daniel Landrau, complex director; and Michael Rearden, regional vice president.

Milestone Wealth Management Joins Cetera

Jaakko “Jack” Kasko has moved his Saint Joseph, Mich.-based practice, Milestone Wealth Management, to Cetera after a decade affiliated with Commonwealth. Kasko’s team oversees approximately $150 million in client assets under advisement.

Kasko’s practice focuses on retirement and pre-retirement planning for business owners and individuals. Following the LPL acquisition of Commonwealth, he evaluated his options with continuity as the primary criterion.

“I really enjoyed my time at Commonwealth, but with the changes happening, I had to take a hard look at what the future would look like and what that meant for my clients,” Kasko said. “For me, it came down to finding the best fit for continuity — a place where I could keep running my business the way I always have, while still having the right support behind me.”

After visiting multiple firms, Kasko said Cetera — specifically its Summit Financial Networks community — stood out for cultural alignment with Commonwealth’s independent model. “What I found with Cetera and Summit was very similar to what I valued at Commonwealth,” he said. “It’s that independent mindset that this is your business; you run it, and Cetera is there to support you.”

Kasko also cited operational efficiency and technology as key factors, noting his practice runs on streamlined, system-driven processes. He said he plans to continue growing through acquisitions, having completed several integrations already.

“Jack is a thoughtful, growth-oriented adviser who has built his business on independence, efficiency and a deep commitment to his clients,” said Tom Halloran, Cetera adviser channel leader.

Earlier this year, Minnesota-based Ryan Financial Group also exited Commonwealth to join rival Cetera Financial Group. It reported overseeing approximately $750 million in assets under management.

As of Dec. 31, 2025, Cetera firms manage approximately $640 billion in assets under administration and $294 billion in assets under management.

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