Penn Wealth Planning has joined the independent channel of Ameriprise Financial with over $670 million in client assets, according to a news release.
“We look forward to working with Penn Wealth to achieve their practice vision and to empower them to remain differentiated from the competition by consistently delivering an exemplary client experience,” Bill Williams, executive vice president of the Ameriprise independent channel, said in the news release.
The practice, formerly with LPL Financial in New Hope, Pa., was founded two decades ago by the husband-and-wife team of CEO Lisa Policare and Managing Partner Frank Policare, who are joined by managing partner and financial advisor Patrick Trauger. Since the firm's founding, the Penn Wealth has grown to an 11-person team serving a diverse client base nationwide, with the majority of them current or former executives of Johnson & Johnson, Lisa Policare said on social media.
An industry veteran with 24 years of financial services experience, Lisa Policare explained in the news release why she and her team had decided to exit LPL and seek out a new partner.
“This strategic partnership with Ameriprise provides us with the freedom, integrated technology, and leadership commitment we need to provide first-class service to our clients,” she said. “The pandemic and continued economic uncertainty have shown the value strong financial advice and comprehensive planning have in helping clients reach their short- and long-term financial goals. Our team treats our clients like extended members of our family, and we strive to deliver exceptional service and solutions. In our search for a new firm, it was clear that Ameriprise leadership was aligned with our vision of delivering the very best client experience every time.”
Founded in 1894, Ameriprise Financial Inc., is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minn.