Kinecta Federal Credit Union Moves its Wealth Management Program to Ameriprise Financial

Ameriprise Financial (NYSE: AMP) today announced Kinecta Federal Credit Union, a member-owned financial institution, will transition the support of Kinecta Wealth Management from LPL Financial to the Ameriprise Financial Institutions Group (AFIG). Kinecta Wealth Management includes approximately 20 financial advisors with more than $2 billion in assets with offices in California and New York. The conversion is expected to be complete by the end of 2024.

“Our new partnership with Ameriprise Financial allows us to offer an elevated level of service backed by powerful digital tools and technology to help our clients achieve their goals with greater confidence,” said Donna McNeely, President of Kinecta Financial Management Company. “We’re confident we’ll have top-notch expertise and resources behind us with Ameriprise, and we’re excited to bring new capabilities to our advisors and clients.”

Through Ameriprise Financial, Kinecta clients will have access to a full range of leading services and solutions, including:

• Personalized advice and financial planning capabilities tailored to their individual needs.
• Robust investment products to help them achieve their financial goals with more confidence.
• Digital capabilities that allow them to connect with their financial advisors where and how they want — face-to-face, online, video or phone meetings.

“The team at Kinecta is deeply rooted and well respected in the communities they serve – and they saw an opportunity to make an even bigger impact on clients’ lives in partnership with Ameriprise,” said Jay McAnelly, Group Vice President, Ameriprise Financial Institutions Group. “Their decision to move to Ameriprise is a testament to our differentiated value proposition, the breadth of our services, and our commitment to providing an outstanding experience for clients.”

“We’re delighted to welcome Kinecta to the growing family of financial institutions that entrust Ameriprise with their wealth management platforms,” said Pat O’Connell, Executive Vice President and President of the Ameriprise Branch and Financial Institutions Channels. “Our future together is bright, and we look forward to extending our outstanding services and capabilities to Kinecta’s financial advisors and clients.”

About Kinecta

Headquartered in Manhattan Beach, California, Kinecta Federal Credit Union is one of the country's largest credit unions, with assets of $6.8 billion and more than 270,000 members from coast to coast. Banking the Southern California area for more than 80 years, with additional branches in New York and Florida, Kinecta offers its members a full range of financial products from banking, lending and insurance to wealth management services. Kinecta was voted Best Credit Union in the South Bay in Easy Reader's 2024 "Best of the Beach" poll. Kinecta has 28 branches, and its members can use a network of more than 5,800 shared branches and access over 85,000 fee-free ATMs nationwide. For more information on Kinecta, visit the website and LinkedIn.