Rise Private Wealth Left Ameriprise With Dynasty. The Asset Figure Depends on Which Ranking You Use.

By Intersection Advisory · Advisor Moves

Published: September 10, 2026

Category: Advisor Moves

About 40 advisors left Ameriprise Financial Services' independent channel and launched Rise Private Wealth Management, a Bedford, New Hampshire registered investment adviser that uses Dynasty Financial Partners for operations and investment-platform access. AdvisorHub, citing registration records, said the firm launched on September 10, 2026. The Form ADV Part 2A, dated September 9, 2026, says the legal entity, RPWM Partners, LLC, was formed in New Hampshire in August 2026 and has been in business as an investment adviser since September 2026. The brochure's regulatory assets line says the firm is newly registered and does not have initial assets to report. Older rankings are the only asset figures in the trade press, and they do not match each other.

Which asset number is which?

AdvisorHub said a Forbes ranking put assets at $4.3 billion as of March 2025, and that a Barron's ranking listed $8.1 billion including assets under advisement. Those are different measures taken months before the ADV was filed. Assets under management and assets under advisement are not interchangeable. Advisement can include money a team consults on and does not manage. RIABiz, on September 23, wrote that Rise "administers between $4 billion and $8 billion" and that sources close to the matter said the figure was "right near $8 billion." That is another anonymous range, not the Form ADV. Until Rise reports a regulatory asset number, none of $4.3 billion, $8.1 billion, or "near $8 billion" is a current SEC figure, and none of them is revenue. No production number appears in AdvisorHub, the brochure, or the RIABiz account.

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A spokesperson for the team confirmed the departure to AdvisorHub and declined further comment. Ameriprise, which AdvisorHub said no longer breaks out an exact advisor headcount and has around 10,000 employee and independent brokers, said it has "strong retention among highly productive advisors" and "a robust pipeline of high-caliber advisors." RIABiz carried a longer version of that statement, including the firm's focus on technology, wealth-management capability, and practice support. A source who told AdvisorHub they were familiar with the move said some of the team stayed at Ameriprise. The story does not say how many. If that source is right, both rankings describe a practice that did not leave as a single unit.

Who owns it, and what did Dynasty actually take?

AdvisorHub said Rise is led by Brent A. Kiley and Robert A. Bonfiglio, who partnered in 2010 and had spent their entire careers at Ameriprise, 26 years and 36 years respectively. The brochure names Kiley as chief compliance officer. AdvisorHub called Rise a 102-person RIA. The gap between "around 40 advisors" and 102 people is staff, not a second advisory team, unless a later filing says otherwise.

Ownership, per AdvisorHub's reading of the September 10 Form ADV, is Kiley, Bonfiglio, other team members, and family trusts. The brochure says the firm "is owned by the individuals and trusts listed on the Form ADV Part 1." Dynasty did not take a stake, AdvisorHub reported. The brochure's Dynasty section matches that structure: a contractual relationship for operational and back-office support, preferred pricing on trading, technology, reporting, custody, brokerage, and compliance, plus access to Dynasty Wealth Management's platform of separately managed accounts, model portfolios, and unified managed accounts. Dynasty program fees are charged to the client on top of Rise's advisory fee. The brochure says those program fees generally range from 0 to 0.30 percent a year, with a possible minimum account fee up to $120, and that Rise does not receive a portion of the fees paid to Dynasty. AdvisorHub added that Dynasty provides client referrals and helped negotiate transition assistance from Schwab. The dollar amount of that assistance is not disclosed in the brochure excerpt or in AdvisorHub.

Custody, AdvisorHub reported, is at Schwab Advisor Services. The brochure discusses Charles Schwab & Co. as the custodian that does not charge transaction fees on U.S.-listed equities and ETFs. The office on the brochure cover is 262 South River Road, Suite 201, Bedford, New Hampshire 03110, phone (603) 457-7001. CRD number 343625.

What else is in the ADV that a ranking does not show?

Rise's maximum annual investment-management fee, the brochure says, will not exceed 1.50 percent, billed quarterly in advance, and is negotiable. Financial-planning fees are hourly up to $350 or flat fees from $1,500 to $20,000. The firm says it does not charge performance-based fees and does not sponsor a wrap program. It also says it generally has no account minimum, while reserving the right to close an account it considers too small to manage.

Two affiliations sit outside the "we left the broker-dealer" shorthand. The brochure says some advisors are registered representatives of Purshe Kaplan Sterling Investments, a FINRA member, and can receive commissions on those transactions. It also says investment-adviser representatives are insurance agents and can receive customary insurance compensation. Both are conflicts the brochure discloses. Leaving Ameriprise's independent channel for an RIA did not, on the face of this filing, mean every person at Rise dropped a broker-dealer registration or an insurance license.

AdvisorHub called the launch at least the third billion-dollar-plus practice to leave Ameriprise in 2026 to open an independent firm, and did not name the other two in the body of that story. RIABiz described Rise as Schwab's fourth large Ameriprise breakaway of the year and named three others: StackStone Wealth, which it said had $1.9 billion in assets administered; Fathom Advisors, $1.3 billion in assets under advisement; and Seven Bridges Wealth Advisors, about $1 billion in assets under advisement. Those figures are RIABiz's, about other firms. They are not Rise's ADV, and they should not be added to Forbes's $4.3 billion or Barron's $8.1 billion.

Ameriprise's independent channel was already a 1099-style affiliation. What these advisors gave up, on the public record, is Ameriprise's brand, supervision, and platform. What the filing shows they took on is their own ADV, an ownership table that does not include Dynasty, a Schwab custody relationship, a Dynasty platform fee disclosed separately from the advisory fee, and, for some representatives, a Purshe Kaplan Sterling registration. [Advisor Pulse](https://intersectionadvisory.com/pulse) can track which of the roughly 40 advisors actually register on the new CRD. The harder industry question, whether large Ameriprise independent groups keep opening their own RIAs, is the kind of multi-firm count the [Crossroads report](https://intersectionadvisory.com/crossroads-report) is built to hold without treating a March 2025 ranking as the September 2026 asset transfer.

Sources

- https://www.advisorhub.com/8-billion-ameriprise-team-launches-ria-with-dynasty/ — Ali Hibbs, September 17, 2026: about 40 advisors; 102-person RIA; September 10 launch; Forbes $4.3 billion as of March 2025; Barron's $8.1 billion including assets under advisement; Kiley and Bonfiglio career lengths; ownership; Schwab custody; Dynasty referrals and transition assistance with no Dynasty stake; Ameriprise statement; partial team stayed; at least the third large 2026 Ameriprise breakaway

- https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1057442 — Form ADV Part 2A for Rise Private Wealth Management, CRD 343625, brochure dated September 9, 2026: Bedford address; August 2026 formation; no initial regulatory assets; Dynasty program fees; Schwab; fee schedule; Purshe Kaplan Sterling and insurance affiliations

- https://riabiz.com/a/2026/9/23/schwabs-poach-of-8-billion-ameriprise-breakaway-extends-its-wild-2026-rout-of-the-once-impenetrable-fortress-to-four-1-billion-plus-teams-with-help-from-high-multiple-market — Brooke Southall, September 23, 2026: source range of $4 billion to $8 billion and "right near $8 billion"; Ameriprise statement; other named Ameriprise breakaways and their reported asset figures