Sales & Marketing | 09.29.26

Ameriprise To Pay Advisors for Client Referrals to Virtual Offering

by: Alex Padalka

Ameriprise is offering financial advisors bonuses for referring eligible clients to its Personal Wealth Group, a virtual advisory service with no minimum asset requirement, according to an updated client disclosure. Depending on their affiliation, advisors can receive either a $1,000 one-time bonus or an amount equal to the advisory fees earned from the referred client over the previous 12 months. Ameriprise said the Personal Wealth Group serves clients across wealth levels through a digital-first model supported by dedicated advisors. Clients receive advice through a fully online experience, while employee advisors in the group do not receive a portion of advisory fees but may receive bonuses tied partly to revenue generated.

Read the full article on Financial Advisor IQ