Legg alum to lead Ameriprise adviser group

Ameriprise Financial Inc. has chosen Donald Froude to be president of its U.S. Advisor Group.

Mr. Froude, a veteran of Legg Mason Inc., will lead the company’s 12,000 reps and advisers on various platforms and will report to chairman and CEO Jim Cracchiolo.

He will join the company in September.

In addition, Securities America Inc. of Omaha, Neb., Ameriprise’s independent-contractor broker-dealer, will report to Mr. Froude.

Mr. Froude replaces Brian Heath, who left Minneapolis-based Ameriprise in February.

At Legg Mason of Baltimore, Mr. Froude was managing director and head of U.S. distribution.

U.S., States Probe Loan Broker

&#39Imminent&#39 Recession May Cost NYC 59,400 Jobs

Legg Mason rescues money markets

Once again, new top guy at NFP Securities