Ameriprise Buys RIA From Investment Advisor Marvin Appel

Ameriprise Financial, Inc. (AMP), a financial services firm, said on Thursday that investment adviser Marvin Appel recently sold his RIA to the Long Island division of Siena Wealth Advisory Group, a group in Ameriprise's branch channel.

Appel's firm, Signalert Asset Management, LLC, manages $265 million in assets. He opted to sell the practice to Ameriprise as part of his plan for a smooth transition to retirement.

Appel will join Siena Wealth for one year tenure to continue to serve his clients.

Siena Wealth has a team of 10 advisors to manage $1.3 billion in client assets at their office locations in Melville, New York and Naples, Florida.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ice Cream maker Ben & Jerry's reportedly filed a lawsuit against parent and British consumer giant Unilever to stop the sale of its Israeli business to a local license-holder Avi Zinger. The company alleged that the decision was made without the approval of its independent board. The judge reportedly denied Ben & Jerry's application for a temporary restraining order against Unilever. J&M Foods is recalling certain Lavender Shortbread Cookies sold through department store chain Target Corp. due to undeclared allergens, the U.S. Food and Drug Administration said. These packages were erroneously packed with Chocolate Chip Cookies and do not disclose the presence of a possible allergen, such as soy or eggs. A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois.
Follow RTT