A team of around 40 advisors from Ameriprise Financial Services\u2019 independent channel broke away to launch an RIA that uses Dynasty Financial Partners for back-office support, according to registration records.<\/p>\n
Bedford, New Hampshire-based Rise Private Wealth Management had managed $4.3 billion in assets as of March 2025, according to a Forbes ranking. The 102-person RIA is led by Brent A. Kiley and Robert A. Bonfiglio, who partnered in 2010 and had spent all of their respective 26 and 36-year careers at Ameriprise.\u00a0<\/p>\n
A spokesperson for the team confirmed the departure but declined further comment. A Barron\u2019s ranking listed the team\u2019s assets at $8.1 billion including those under advisement.\u00a0<\/p>\n
Rise, which launched September 10, marks at least the third billion-dollar-plus practice to leave Ameriprise this year to launch an independent firm.\u00a0<\/p>\n
Ameriprise, which no longer breaks out<\/a> its exact advisor headcount, has around 10,000 <\/a>employee and independent brokers. A spokesperson said in a statement that the firm has \u201cstrong retention among highly productive advisors\u201d and \u201ca robust pipeline of high-caliber advisors.\u201d A source who claimed familiarity with the move said that same of the team stayed behind.\u00a0\u00a0<\/p>\n Rise is owned by Kiley and Bonfiglio as well as a group of individual team members and family trusts, according to the firm\u2019s Form ADV filed with the Securities and Exchange Commission on September 10.\u00a0<\/p>\n The RIA custodies with Schwab Advisor Services. Dynasty, which also provides an investment management platform, client referrals and helped negotiate transition assistance from Schwab, did not take a stake in the RIA.<\/p>\n