Ex-Merrill Lynch Team With $300M in Assets Moves to Ameriprise

Private wealth advisory practice Allegiant Private Wealth recently joined the independent channel of Ameriprise Financial Inc. (NYSE:AMP) from Merrill Lynch, bringing more than $300 million in assets. The practice, located in Ocean City, Md., is led by Christine Selzer, CFP, private wealth adviser, and includes Brian Selzer, CRPC, and Brody Grove, CFP, also private wealth advisers.

The firm said its move to Ameriprise was driven by its desire for greater independence and a stronger emphasis on investment management aligned with comprehensive financial planning.

“After two decades of operating within a bank structure, it became clear that our long-term vision was better aligned with an independent model,” said Christine Selzer. “We were looking for a partner that offers independence, places financial planning front and center, and demonstrates a shared commitment to enhancing the client experience. Ameriprise checked all the boxes.”

She also cited the firm’s hands-on leadership as a reason for joining. “The leadership and support teams at Ameriprise are committed to advisers’ and clients’ success, and we’re excited to leverage their expertise.”

Allegiant Private Wealth provides comprehensive advice to clients to help them achieve the goals they have for themselves and their families. The practice includes Kendall Holmes, administrative assistant, and Melanie Konoski, client relationship manager.

They are now supported locally by Athena McGuire, Ameriprise franchise field vice president and Thomas North, Ameriprise regional vice president.

Earlier this year, private wealth advisory practice Highland Wealth Management also made the jump to Ameriprise. The practice, located in Columbia, Lewisburg and Pulaski, Tenn., brought $210 million in assets, and came from LPL Financial.

Ameriprise Financial has a nationwide network of more than 10,000 financial advisers.

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