The Bedford Group launches as new RIA from $836m Ameriprise team
Updated
Updated · Wealth Management · May 7
The Bedford Group launches as new RIA from $836m Ameriprise team
1 articles · Updated · Wealth Management · May 7
Based in St Louis, the firm will use Private Client Services for brokerage and Schwab for custody, while the team remains registered with Ameriprise.
Joshua Wright, who founded the practice in 2016, becomes CEO, joined by senior executives and founding advisers across offices in Wichita, Kansas, and Ste Genevieve, Missouri.
The team was listed by Forbes among 2026 Best-In-State Wealth Management Teams, and a filing shows Alpine Capital Research CEO Nicholas Tompras holds an ownership interest.
How will this new RIA model tangibly improve client portfolios compared to a giant like Ameriprise?
With AI disrupting finance, why did this new $836M firm bet on an incumbent like Schwab over tech-first rivals?
As advisors chase independence, what are the hidden risks and failure rates behind these celebrated success stories?