Five-Adviser Team With $2.3B in Client Assets Leaves Ameriprise to Form New RIA

A team of five New Jersey-based financial advisers announced that it has broken away from Ameriprise and launched a new independent registered investment advisory firm, known as Laurel Oak Wealth Management. The firm plans to deliver personalized financial planning and investment management to clients across the United States.

The founding group, which had previously managed more than $2.3 billion in client assets, includes industry veterans Christopher Heiser, Robert Andreacchio, Louis LaSelva, Matthew Fitzgerald, and Keith Radimer. According to SEC filings, Heiser, Andreacchio, LaSelva, Fitzgerald, and Radimer split ownership of Laurel Oak alongside adviser Greg Rosen, who serves as the firm’s chief operating officer.

“Our goal in launching Laurel Oak was to create a firm where advice is personal, communication is clear, and clients always come first,” said Heiser, a founding partner. “As an independent RIA, we now have the flexibility to tailor strategies without the limitations of a corporate agenda.”

The firm chose tru Independence as its business platform partner; Sanctuary Wealth acquired tru, a Portland, Ore.-based enterprise that supported 30 RIA firms managing $12.5 billion in client assets as of May 2024. Further, Laurel Oak will use Goldman Sachs Custody Solutions as its primary custodian Purshe Kaplan Sterling Investments for brokerage business.

Laurel Oak Wealth Management’s main office is located in Marlton, N.J., with additional offices in Newark and Princeton.

The move follows Ameriprise’s recent addition of a Texas-based team with nearly $500 million in client assets.

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