Ameriprise Financial announced on January 12, 2026 that it has acquired the Loveday Caruso Wealth Management Group, a private‑wealth advisory practice based in Littleton, Colorado. The practice, formerly affiliated with LPL Financial, brings $120 million in assets under management to Ameriprise’s independent channel and is led by private‑wealth advisor Sean Loveday, ChFC®, CLU®, alongside advisor Sarah Caruso and administrative assistant Lori O’Halloran.
The acquisition aligns with Ameriprise’s “Ultimate Advisor Partnership” strategy, which seeks to grow its independent advisor network by adding experienced, high‑quality practices. By integrating Loveday Caruso’s client relationships and advisory expertise, Ameriprise expands its distribution capabilities and strengthens its position against competitors such as LPL Financial, the largest independent broker‑dealer in the United States. The move also supports the firm’s broader goal of increasing assets under management within the independent channel, where it has added roughly 1,700 advisors over the past five years.
Loveday Caruso’s team cited Ameriprise’s client‑centric technology, operational efficiency, and home‑office support as key reasons for joining. These factors reflect Ameriprise’s value proposition to advisors: a robust technology platform that streamlines client service, a culture that emphasizes operational excellence, and flexible work arrangements that enhance advisor productivity. The practice’s decision underscores the firm’s ability to attract top talent by offering a compelling blend of resources and autonomy.
Ameriprise’s recent financial performance provides context for the significance of the $120 million AUM addition. In the third quarter of 2025, the company reported adjusted operating earnings per diluted share of $9.92, up 12% year‑over‑year, and reached a record $1.7 trillion in total assets under management, administration, and advisement. The acquisition adds a substantial client base to a firm that has consistently grown its advisor network and revenue streams, reinforcing its trajectory of disciplined growth and profitability.
The announcement was part of a day in which Ameriprise also welcomed the Bryan and Hayden Hildebrand advisory team, which manages $190 million in client assets. The simultaneous additions highlight the firm’s aggressive strategy to capture high‑net‑worth clients and expand its independent channel, positioning Ameriprise to compete more effectively for affluent wealth management business.
The acquisition of Loveday Caruso Wealth Management Group, together with the Hildebrand team, signals Ameriprise’s continued commitment to building a diversified, advisor‑centric platform that can deliver scalable, technology‑enabled wealth management services to a growing base of high‑net‑worth clients.
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