Core Insights - Ameriprise added 90 financial advisors in Q3, marking an increase from the previous year [1] - UBS experienced a decline in advisor headcount in the Americas due to changes in compensation and buyout packages aimed at enhancing profitability [1] Group 1: Advisor Recruitment and Compensation - James Cracchiolo, CEO of Ameriprise, stated that the firm is attracting advisors through ongoing investments and its financial strength [2] - Ameriprise reported adding 71 advisors in Q3 2024, with a total advisor headcount of 10,427 as of January [3] - Cracchiolo noted a mix of "rational" and "irrational" recruiting offers in the market [3] - The firm has slightly increased pay packages to remain competitive while focusing on a full-service platform and technology investment [4][5] Group 2: Financial Performance - Ameriprise's total revenue rose by 4% to $4.3 billion, driven by asset growth and transactional sales, leading to a 78% increase in net earnings to $912 million [5] - The company's assets under management, administration, and advisement reached a record $1.7 trillion, with client assets increasing by 11% to $1.1 trillion [7] Group 3: Wealth Management Initiatives - Ameriprise launched a new wealth management platform, Signature Wealth, in June, which offers advisors a unified managed account for client portfolios [6]