Ameriprise Financial announced on Tuesday that it has agreed to acquire the retail assets of JHS Capital Advisors, a Tampa, Fla.-based independent broker-dealer and investment advisor.

Ameriprise did not reveal the terms of the agreement in its press release, but expects to close the deal in the third quarter after a customary conditions and regulatory review. Both Ameriprise and JHS operate employee and independent advisor channels. At the deal’s closing, JHS advisors are expected to join one of the existing channels at Ameriprise.

“We’re pleased to welcome JHS advisors to the Ameriprise family,” Neal Maglaque, Ameriprise chief operating officer, said in a statement. “This is a natural fit in terms of both firms’ shared commitment and dedication to providing outstanding service to clients. We look forward to helping JHS advisors grow and serve their clients under the Ameriprise banner.”

JHS has a team of 150 financial advisors, which generated $38 million in revenue in 2014, with year-end retail assets of $4.1 billion.

“This is a tremendous opportunity for our advisors to be affiliated with the stature, stability and national recognition of Ameriprise,” Scott Bendert, JHS President and CEO, said in a statement. “JHS was founded on the principle of providing excellent service to clients. Ameriprise offers our advisors considerable career growth opportunities and expanded capabilities to enhance the client experience.”

With almost 7,600 independent advisors generating nearly $4.3 billion in revenue, Ameriprise is second only to LPL Financial in Financial Advisor’s 2015 Broker-Dealer rankings.

JHS has been fined by the Financial Industry Regulatory Authority (Finra) for several infractions over its existence, including a $300,000 fine in 2011 for inadequate supervisory procedures, charging customers a $95 handling fee in addition to a commission, and additional violations.