Ameriprise Financial has entered a “strategic relationship” with Huntington National Bank to support its $28 billion asset management business. This partnership will transition Huntington’s retail brokerage, investment advisory, and insurance services to Ameriprise’s systems, providing Huntington’s 260 financial advisors with access to Ameriprise’s technology and tools. The collaboration, which is not an acquisition, allows Huntington to expand its wealth management offerings and reinforces Ameriprise’s position in supporting large financial institutions.
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Ameriprise snags $28B ‘relationship’ with Huntington Bank
Ameriprise Financial has entered a “strategic relationship” with Huntington National Bank to support its $28 billion asset management business. This partnership will transition Huntington’s retail brokerage, investment advisory, and insurance services to Ameriprise’s systems, providing Huntington’s 260 financial advisors with access to Ameriprise’s technology and tools. The collaboration, which is not an acquisition, allows Huntington to expand its wealth management offerings and reinforces Ameriprise’s position in supporting large financial institutions.