ChoiceOne Bank Partners with Ameriprise Financial to Enhance Wealth Management Services
ChoiceOne Bank transitions its investment program to Ameriprise Financial, aiming to provide clients with expanded investment opportunities and a seamless wealth management experience.
ChoiceOne Bank, a Michigan-based bank holding company with over $4.3 billion in assets, has announced a significant transition in its investment program management. The bank has selected Ameriprise Financial Institution Group (AFIG) to oversee its investment services, moving away from Osaic Institutions, Inc. This strategic partnership marks a new chapter for ChoiceOne Wealth Management, now operating as a financial advisory practice under Ameriprise Financial Services, LLC. The program boasts a team of 10 financial advisors and two support staff members, managing approximately $780 million in assets for clients across Michigan.
Rob Jamula, Senior Vice President at ChoiceOne Wealth Management, highlighted the alignment of this partnership with the bank's dedication to delivering superior financial services while upholding local banking excellence. The collaboration with Ameriprise Financial is expected to leverage the latter's extensive industry expertise and resources, offering ChoiceOne clients a broader range of investment opportunities and a more integrated wealth management experience.
Ameriprise Financial brings to the table a comprehensive suite of services designed to meet the diverse needs of ChoiceOne's clientele. These include personalized financial advice, a robust selection of investment products, and advanced digital capabilities that facilitate flexible client-advisor interactions. Jay McAnelly, Group Vice President at Ameriprise Financial Institutions Group, expressed enthusiasm about the partnership, noting ChoiceOne's strong community service record in Michigan and the potential to enhance the wealth management experience with Ameriprise's leading capabilities.
This transition underscores the evolving landscape of financial services, where partnerships between banks and specialized financial institutions can significantly enhance the value offered to clients. For more information on Ameriprise Financial's services, visit https://ameriprise.com/afig.