Ameriprise Financial Inc. (NYSE:AMP) is one of the most undervalued quality stocks to buy according to hedge funds. On August 7, Ameriprise Financial announced that financial advisor Vince Abio joined S&T Financial Services, which is a financial advisory practice within the Ameriprise Financial Institutions Group/AFIG. Abio is an industry veteran with 28 years of experience and was previously with Merrill Lynch, where he managed over $120 million in client assets.
Abio chose to join Ameriprise and S&T Financial Services, which serves S&T Bank clients in Pennsylvania and Ohio. He cited the combination of Ameriprise’s financial planning capabilities and a trading platform with the scale to provide sophisticated solutions, along with S&T Bank’s community focus and clear vision for its retirement plan business as the perfect fit.
A close-up shot of a corporate executive evaluating a financial instrument.
S&T Financial Services is the investment program of S&T Bank and is comprised of 15 financial advisors and 4 support staff members. The team manages a combined brokerage asset total of more than $1.4 billion. S&T Bank’s parent company, S&T Bancorp Inc. (NASDAQ:STBA), is a $9.8 billion bank holding company headquartered in Indiana, Pennsylvania.
Ameriprise Financial Inc. is a diversified financial services company in the US and internationally. The company operates through Advice & Wealth Management, Asset Management, and Retirement & Protection Solutions segments.
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This article is originally published at Insider Monkey.
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