The alliance will provide access to the clients of Sterling’s commercial teams to investment as well as financial planning services from various wealth management teams of Ameriprise Financial.
Sterling National Bank president and chief executive officer Jack Kopnisky said: "This new program will allow us to expand the range of financial advisory services and investment options we can provide to our clients.
"The wealth management expertise that Ameriprise brings to the table is very complementary with existing offerings and the profile of our client base."
According to Sterling, the teams of financial advisors that are part of the new programme fit well into the company’s delivery model that is team-based.
Louis Ciliberti of Louis C. Ciliberti & Associates, a financial advisory practice of Ameriprise Financial Services said: "Much like Sterling, we take a solution-based approach to meeting clients’ private wealth needs and fostering long-term, personal relationships."
Sterling clients will be able to get access to the services through the new programme with immediate effect. The services will be offered through the distinctive team-based delivery model of Sterling.
Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.
Diversified financial services company Ameriprise Financial engages in business through its subsidiaries and offers financial planning, products and services, including wealth management, asset management, insurance, annuities and estate planning.
Image: Sterling clients will get access to the wealth management services immediately. Photo: courtesy of patpitchaya/ FreeDigitalPhotos.net
