Florida-Based $1.6B RIA Joins Ameriprise Financial From Oppenheimer

Ameriprise Financial Inc. (NYSE: AMP) announced that The Atlantic Group, a financial advisory practice managing more than $1.6 billion in client assets, has joined its branch channel from Oppenheimer & Company Inc. Based in Boca Raton, Fla., the team comprises 16 professionals, including nine financial advisers and seven support staff. The practice is led by founding partners Andrew Lerner and Logan Shalmi.

Lerner and Shalmi, college roommates turned business partners, built The Atlantic Group from the ground up. Over the past decade, they assembled a high-performing team and grew their practice organically by cultivating deep client relationships. Both said their move to Ameriprise represents a strategic evolution by unlocking access to cutting-edge technology, integrated platforms, and robust support to deliver even greater value to their clients.

“We’ve always prioritized delivering a high-touch, personalized experience to our clients,” said Lerner. “Ameriprise offers the advanced planning tools, broad range of investment products, and top-tier technology that allow us to take that experience to the next level.”

Shalmi echoed that sentiment, reflecting on the team’s founding values and long-term vision. “When Andrew and I started in this business, we made a commitment to build something lasting – a practice rooted in integrity and client-first thinking,” he said. “Joining Ameriprise is a continuation of that journey. The firm’s platform gives us the tools to deepen relationships, expand our offerings, and grow with intention. We’re excited about what this means for our clients and our team, and we’re energized by the possibilities ahead.”

“The Atlantic Group embodies the client-first mindset and forward-thinking leadership we value at Ameriprise,” said Pat O’Connell, executive vice president and president of the firm’s branch and financial institutions channels, who oversees adviser recruiting across the firm. “We’re proud to welcome them and look forward to a strong partnership as they continue to grow and make a meaningful impact for their clients and within the industry.”

Michael Rearden, Ameriprise regional vice president; Daniel Landrau, complex director; and Drew Granauro, branch manager also support the team locally.

Ameriprise has continued to attract advisers with approximately 1,700 joining the firm in the last five years, according to metrics from the fourth quarter of 2024. In total, Ameriprise’s nationwide network comprises more than 10,000 financial advisers.

Earlier this month, AltsWire reported that another Florida team had joined Ameriprise. Oakwood Financial Group, a Winter Park, Fla.-based team formerly with Wells Fargo Clearing Services Inc. and reporting $260 million in client assets, is led by financial adviser Mike Lloyd, and includes financial adviser Gregg Mulvany and client service specialist Joel Ingram.

Earlier this year, AltsWire reported that ChoiceOne Bank – a bank holding company headquartered in Sparta, Mich., and with more than $4.3 billion in assets – transitioned its investment program to the Ameriprise Financial Institution Group 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.

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