Private wealth advisor John Cortale, along with his team, has moved to Ameriprise Financial, Inc. from LPL Financial in Washington D.C., bringing $250 million in client assets. Operating under the new name Monumental Financial Planning (formerly The Cortale Group), the team also includes financial advisors John Martin Moran and Nina Kamrani, client service manager Adam Mirza, and client service coordinator Omaid Omar.
In a statement, Cortale highlighted his team's decision to join Ameriprise Financial was motivated by the firm’s enhanced financial planning capabilities, greater firm support, and fully-integrated technology. At the same time, the team was attracted to Ameriprise’s commitment to integrity and client-centric values.
“Our decision to join forces with Ameriprise Financial was driven by our unwavering dedication to giving the best possible experience to clients,” said Cortale. “We are excited to leverage Ameriprise’s vast resources and industry-leading solutions to better serve our clients and help them achieve their financial goals.”
With their new affiliation, Monumental Financial Planning plans to offer investment solutions tailored to their client needs. “We are confident that our partnership with Ameriprise will empower us to continue delivering the personalized attention and holistic financial solutions that our clients want and need,” Cortale said.
The company statement noted the team will be supported locally by Ameriprise franchise field vice president Athena McGuire and regional vice president Tom North.
Ameriprise Financial emphasized the company’s capability to attract experienced financial advisors, such as Monumental Financial Planning, with more than 400 advisors joining the firm in 2023 alone and approximately 1,700 joining in the past five years.
Ameriprise Financial has a network of approximately 10,000 financial advisors.
It's a showdown for the ages as wealth managers assess its impact on client portfolios.
CEO Ritik Malhotra is leveraging Savvy Wealth's Fidelity partnership in offers to Commonwealth advisors, alongside “Acquisition Relief Boxes” filled with cookies, brownies, and aspirin.
Fraud losses among Americans 60 and older surged 43 percent in 2024, led by investment schemes involving crypto and social manipulation.
The alternatives giant's new unit, led by a 17-year veteran, will tap into four areas worth an estimated $60 trillion.
"It's like a soap opera," says one senior industry executive.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
