Core Insights - The Atlantic Group, managing over $1.6 billion in client assets, has transitioned to Ameriprise Financial from Oppenheimer & Co [1] - The move is led by Andrew Lerner and Logan Shalmi, who cited Ameriprise's superior technology and platform capabilities as key factors for their decision [2][3] - Ameriprise has successfully attracted approximately 1,700 experienced financial advisors in the last five years, expanding its network to over 10,000 advisors [3] Company Performance - Ameriprise Chairman and CEO Jim Cracchiolo mentioned in a July earnings call that the firm has slightly increased compensation packages to remain competitive in the advisor market [2] - The firm is set to announce its Q3 earnings, which may provide further insights into its financial performance [2] Competitive Landscape - Recently, Ameriprise faced challenges, losing a team of 15 advisors managing $2.7 billion in client assets to NorthRock Partners and an 11-person team overseeing $1 billion to Wells Fargo's independent advisor channel [4]