Ameriprise Tapped to Manage Ex-Osaic Client’s $780M Investment Program
Ameriprise Financial Inc. (NYSE:AMP) announced that ChoiceOne Bank – a bank holding company headquartered in Sparta, Mich., with 56 branches throughout West, Central, and Southeast Michigan and more than $4.3 billion in assets – has transitioned its investment program to the Ameriprise Financial Institution Group, or AFIG, from Osaic Institutions Inc.
The bank’s investment program now operates under the name ChoiceOne Wealth Management, a financial advisory practice of Ameriprise Financial Services LLC. The program includes 10 financial advisers and two support staff members who help clients manage approximately $780 million in assets across the state of Michigan.
“This new partnership with the Ameriprise Financial Institutions Group aligns with our ongoing efforts to deliver high-quality financial services while maintaining our commitment to local banking excellence,” said Rob Jamula, senior vice president, ChoiceOne Wealth Management. “We look forward to leveraging the deep industry expertise and resources of Ameriprise to offer our clients expanded investment opportunities and an even more seamless wealth management experience.”
Through Ameriprise Financial, ChoiceOne clients will have access to a full range of services and solutions including personalized advice and financial planning capabilities tailored to their individual needs, diverse investment products to help them achieve their financial goals with more confidence, and digital capabilities that allow clients to connect with their advisers where and how they want.
“We’re excited to welcome ChoiceOne Bank to Ameriprise Financial and support their continued effort to deliver outstanding investment and advisory services to clients,” said Jay McAnelly, group vice president, AFIG. “ChoiceOne has a strong legacy of serving communities with excellence across the state of Michigan, and we’re proud to partner with them to deliver an exceptional wealth management experience backed by industry-leading capabilities.”
ChoiceOne Bank merged with The State Bank in March 2025. The investment program at The State Bank consolidated with and into ChoiceOne Wealth Management bringing the combined AUM of the program to $780M.
Ameriprise Financial has a nationwide network of approximately 10,000 financial advisers, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs.
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