Financial advisors Ron Phelps and Jacob Hamus recently joined the employee channel of Ameriprise Financial (NYSE: AMP) after spending 24 years and 11 years respectively at Morgan Stanley.
The advisors manage $321 million in institutional and client assets in Middleton, Wisconsin, and Ameriprise established a new office for their team and other advisors in the Middleton area.
Phelps and Hamus said that they evaluated more than a dozen options, including wirehouses, independents, regionals and a registered investment advisory firm before choosing Ameriprise.
“Transitioning in an all-virtual environment had its complexities, but we knew joining Ameriprise was the right move for our clients and our business,” said Ron Phelps. “We operate a hybrid practice serving both wealth management and institutional clients. Because of this, it was important for us to have access to a wide range of investment capabilities and products – and the ability to serve the clients in the way that best suits their unique needs.”
Their team, which operates under the name The Phelps Hamus Group, also includes client service associates Wendy Campbell and Lyam Hunt. They are supported locally by Ameriprise branch manager Paul Jackson.
Ameriprise Financial includes advisory, asset management and insurance capabilities and a network of approximately 10,000 financial advisors.