Ameriprise (Siena Wealth) Acquires Signalert Asset Management from Dr. Marvin Appel

April 28, 2022

Ameriprise Financial, through its Siena Wealth Advisory Group Long Island division, acquired Signalert Asset Management, LLC — the RIA led by Dr. Marvin Appel that manages $265 million in client assets. Appel will join the Siena Wealth team for one year to facilitate a smooth client transition as part of his planned retirement.

Buyers
Ameriprise Financial, Inc., Siena Wealth Advisory Group (Ameriprise)
Targets
Signalert Asset Management, LLC
Sellers
Dr. Marvin Appel, Signalert Asset Management, LLC
Location
New York, United States
Transaction Type
Buyout

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