Financial services now located in heart of downtown U.C.
Posted: Wednesday, March 16, 2011 6:02 pm
WELL STAFFED — Union City’s Ameriprise Financial Services office is located at 227 South First St., Union City. The local office is now owned by Randy Thetford (standing at left) who recently purchased the firm from Fred Hancock (standing at right). Hancock is still working part-time at the firm, along with John Cooper and Beth Anne Clayton.
Financial advisor Randy Thetford has purchased the local Ameriprise Financial Services office in downtown Union City.
Thetford took over the local office from longtime colleague Fred Hancock, who has semi-retired from the firm.
In 1984, American Express bought IDS.
“Although the name has changed at different times over the 117-year history of the company, the commitment to comprehensive financial planning has been a trademark of the corporation,” Thetford said. “In early 2000, financial advisors were given the opportunity to become independent and Fred chose to go the independent route as most across the country did.”
In addition, Ameriprise Financial is one of the largest asset managers in the country with assets under management of more than $600 billion.
Clayton started with the firm as an assistant in August 2010. She is a Union City High School graduate and graduated from Freed Hardeman University in 2000 with a marketing major.
Thetford has gone from being an associate financial advisor under Hancock to being the new franchise owner of the local Ameriprise office.
He is a Certified Public Accountant and earned his accounting degree from the University of Tennessee at Martin in 1983. He began his career as an internal auditor and accountant with Holiday Inns Inc. in Memphis, where he worked from 1983 until 1986.
The local Ameriprise office provides clients with comprehensive financial planning services, including investment advice and portfolio management. The agency handles tax planning, estate planning, retirement planning, and investment services.
“We help answer the questions — Where do you want to go? Where are you now? And how do you get there?”
The telephone number for Ameriprise Financial Services is 885-2222.