Former Ameriprise Advisor with $400 Million in Assets Joins LPL Financial

A longtime Ameriprise Financial advisor with offices in Washington and Idaho has left for competitor LPL Financial, the hiring firm announced Monday.

Jason Johnson, who began his brokerage career in 1998 with Ameriprise, has moved his team, 509 Wealth Management, to LPL’s broker-dealer, registered investment advisor and custodial platforms. He is joined in the move by three support staffers, according to LPL.

His team oversees $400 million in advisory, brokerage and retirement plan assets, and it maintains offices in Spokane and Kennewick, Washington, and in Coeur d’Alene, Idaho, the firm said.

Johnson decided that the “franchise” model at Ameriprise would no longer work for his practice and chose LPL for “more freedom and flexibility to run his business on his own terms.”

“By making this move, I now have access to LPL’s innovative capabilities and back-office support so that I can elevate the services I provide,” Johnson said in a statement. “It’s equally important to note that LPL does not sell proprietary investment products or pressure me to do things their way.”

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