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Ameriprise faces advisor losses, prompting BofA to downgrade its stock.

Analyst Insights
19 Oct 2026
Barrons
View Source
Bearish
Ameriprise faces advisor losses, prompting BofA to downgrade its stock.

Ameriprise Financial Services lost five advisory teams between May and September, signaling challenges in retaining financial advisors. This issue has raised concerns about the company's future performance, leading BofA Securities to sharply downgrade Ameriprise's stock. The loss of advisors could impact Ameriprise's wealth management business and investor confidence going forward.

Ameriprise Financial Services faces advisor retention issues. For readers following Financials, here is Pluang's market snapshot as of Oct 19, 2026 22:42 WIB: Of 142 priced US Financials stocks, 46 rose and 96 fell today. Notable movers include OXLC at USD 7.70 (-2.65%), MARA at USD 7.72 (+2.59%), and OWL at USD 9.07 (+2.49%).

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