MINNEAPOLIS – (COMMERCIAL THREAD) – Third Coast Bank SSB, based in Texas, recently launched a new investment program, Third Coast Advisors, in partnership with Ameriprise Financial (NYSE: AMP). The bank chose the Ameriprise Financial Institutions Group (AFIG) channel to serve as broker after extensive research and assessment of the company’s capabilities against its competitors.
“We were drawn to Ameriprise Financial because of its strong track record of helping people feel more financially confident through its approach to providing personalized advice,” said Bart Caraway, Managing Director of Third Coast Bank SSB. “A growing need of our clients is financial planning, and we look forward to leveraging the resources of Ameriprise Financial to serve our clients in a holistic manner. It is our commitment to grow our financial advisory practice across the State of Texas to support Third Coast Bank’s rapidly expanding footprint. ”
Third Coast Advisors, which operates as the financial advisory firm of Ameriprise Financial Services, LLC, is committed to helping clients create personalized financial plans and manage their investments to achieve their financial goals. Customers have access to services and solutions including:
- Personalized advice and financial planning solutions that are tailored to their individual needs.
- Robust investment solutions to help them reach their financial goals.
- Digital capabilities that allow members to connect with their advisors where and how they want – face to face, online, by video or by phone.
“We knew we needed the right partner and the right platform to provide our customers with an absolute commitment to high quality, personalized service. Ameriprise Financial goes beyond what we were looking for and sets itself apart from other companies, ”said Caraway.
The program recruits four financial advisers
With the dedicated support of Ameriprise Financial’s national recruiting team, Third Coast Advisors hired four financial advisors with over $ 800 million in combined client assets within two months of the inception of the new investment program.
“We are delighted to welcome Third Coast Advisors to Ameriprise Financial and look forward to helping them leverage our considerable expertise and vast resources to help their clients achieve their goals,” said Jay McAnelly, vice president of group, Ameriprise Financial Institutions Group. “It is exceptional to see the program attracting high caliber advisors just a few weeks after its launch. This remarkable growth illustrates the power of the Ameriprise offering and our successful recruitment process at Ameriprise Financial. We look forward to supporting Advisors as they continue to make a meaningful difference in the lives of their clients.
Consultants who have joined the program bring with them extensive industry experience and strong client relationships in Texas and beyond:
Jeanette Allan, has over 24 years of experience in the financial services industry, serving families and businesses in Houston, the woodlands and across the United States. Allan graduated from the University of Houston with a BA in Finance. She has extensive experience working with high net worth individuals, families and estates. Allan managed $ 249 million in assets at his former company, Wells Fargo.
John Boles, has over 21 years of experience in the financial services industry, serving families and businesses in Central Texas, surrounding areas and across the United States. Boles graduated from Texas A&M with a BS in Economics and a Minor in Commerce. Boles managed $ 212 million in assets at his former company, BBVA Securities Inc.
Michel Loerch, has over 27 years in the financial services industry, serving families and businesses in Georgetown, Austin and surrounding areas. Loerch graduated from Texas Wesleyan University with a degree in accounting. He managed $ 210 million in assets at his former company, BBVA Securities Inc.
Jean Bunch, has over 32 years in the financial services industry, serving families and businesses in Kingwood, Atascocita, Humble and surrounding communities. Bunch graduated from the University of South Florida with a BA in Economics. He managed $ 136 million in assets at his former company, JP Morgan Chase.
Ameriprise Financial formed its network of financial institutions after acquiring Investment Professionals, Inc. (IPI) in 2017. AFIG specializes in on-site delivery of investment programs to banks and credit unions.
About Third Coast Bank SSB
Third Coast Bank SSB was formed in March 2008 by a group of local organizers seeking to create a relationship-oriented bank committed to personal service and contribution to the community. We distinguish ourselves by anticipating and exceeding the expectations of our clients, establishing lasting partnerships, maintaining the highest standards of ethical business conduct, being aware and responsive to the needs of our community, and always being aware of the gives customers a choice.
Third Coast Bank prides itself on being locally owned with local values and an entrepreneurial spirit. Our employees are empowered to do the right thing and encouraged to make a difference in our communities. It has been said that we are the “fat of the economic engine” because we have helped many businesses grow and make a profit. These benefits allow our clients more freedom to “do good in their communities”.
About Ameriprise Financial
At Ameriprise Financial, we’ve been helping people have confidence in their financial future for over 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and expertise to meet the full range of financial needs of individual and institutional investors. . For more information or to find an Ameriprise financial advisor, visit ameriprise.com.
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Ameriprise Financial cannot guarantee future financial results.
Investment advisory products and services are available through Ameriprise Financial Services, LLC, a registered investment adviser
Securities offered by Ameriprise Financial Services, LLC. FINRA and SIPC member.
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