The firm will continue to benefit from interest rates than are higher right now than any time since before the credit crisis, according to CFRA analyst Michael Elliott.
The rating agency cites the positive impact of the firm's deal to acquire the wealth management business of Securian Financial Group.
The bank has been investing heavily in its wealth management group for more than a decade.
The unit has $17 billion in client assets, which includes high-net-worth clients the bank acquired with its 2021 purchase of Boston Private.
Financial advisors should pay attention to regulators' concerns, since it's often advisors or firm executives who don't follow industry rules to the letter who may be discharged.
CEO Bill Hamm said the net capital deficit of $120,000 shown in IFP's Focus report was the result of accrual accounting.
But the allegations cited in Dickson's BrokerCheck report are not specific; Dickson had led the firm since 2018.
Ameriprise jumped into the bank broker market in 2017 when it acquired Investment Professionals Inc.
But investors looked to redeem fewer BREIT shares in February than in January, potentially a positive sign for the company.
The advisor, Ryan R. Riley, also pleaded guilty in a criminal manner and was ordered to pay restitution of at least $434,000.
