Ameriprise Reviews

Updated June 30, 2015
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Ameriprise Chairman & CEO Jim Cracchiolo
Jim Cracchiolo
55 Ratings

Pros
  • Good work life balance culture within the company (in 39 reviews)

  • This internship is usually help by someone looking into joining the financial planning or a related field (in 31 reviews)

Cons
  • No work-life balance - expect 60 (in 21 reviews)

  • Long hours, no work life balance (in 19 reviews)

More Pros and Cons

128 Employee Reviews

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  1. Amp team review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ameriprise full-time (More than 10 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great place as long as you remain truly independent (P2)

    Cons

    Don't work for a team that can change your work environment anytime they so wish, especially if you come to the table with a lot of experience.

    Advice to Management

    Focus a bit more on young advisors


  2. Okay, but you need to work for corporate or a growing financial practice

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Planning Assistant in Seattle, WA
    Former Employee - Financial Planning Assistant in Seattle, WA

    I worked at Ameriprise full-time (More than 5 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    If you work on the franchise side of things, there can be good opportunities for you provided you are working within an ambitious practice. Since you are essentially working in a small business, you get the flexibility that a small business can offer.

    Most of the ratings will be wildly different from practice to practice. I usually worked in friendly environments.

    Cons

    If you don't plan on being a financial advisor some day, there are very few opportunities for you within the franchisee world. At the end of the day, financial advice is basically a sales job so if you don't have those skills, it will be tough to make a career doing office support.

    Pay and benefits will be based on how successful the practice is. They're not going to be as good as working for corporate.

    I worked amongst 20-25 different practices. Pretty high turnover rate in the low-level staff positions, usually due to people realizing they are pretty much maxed out after learning how to fill out the different new business forms and do the meeting prep. If you aren't going to get licensed, you won't be doing a whole lot more than that.

    Another thing I saw a lot of was a practice becoming comfortable with where they are at and not really growing much. The advisor or their "marketing" staff need to be active in picking up new clients otherwise you end up with people who are fine with their incomes and work-life balance. Once I started working full time out of school, I noticed that several of the advisors I worked for stopped coming to the office everyday as I was there to manage things. "Working from home" and just showing up for client meetings doesn't really cut it. Unfortunately, you have no way of knowing if you are going to be working in a practice that is going somewhere or one that is stagnant until you have put some time into it.

    Advice to Management

    I didn't work for the corporate office in MN, but it costs a lot to run a franchise...there are corporate fees, not to mention all of the other small-business related costs.

    Support calls with questions on new business, transactions, etc usually were routed overseas, with only the platinum franchisees getting stateside service.

    Most of the required training was mickey mouse, very watered down....I don't know what the average advisor age was, but it seemed like anything computer training related was geared towards people in their 50s or 60s....very slow and mundane.

    The CEO seemed to be pretty good and the company stock just about tripled in the time I was there.


  3. AFA

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ameriprise (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Little supervision, they let you design your own practice

    Cons

    Too many to count.

    Advice to Management

    NA they won't listen


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Over work employees

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ameriprise full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good benefits, good bonuses if their goals are met, some managers are good, good employee cafeteria. Training is sometimes efficient.

    Cons

    Bad work life balance, they will fire you if you have 7 absences in a one year period. If your stats are low you will be written up. You are required to handle three to four different job functions at a time.

    Advice to Management

    Hire more people, understand that women with children needs some sick days to take care of sick kids.


  6. Helpful (1)

    Careless Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Receptionist in Battle Creek, MI
    Current Employee - Receptionist in Battle Creek, MI

    I have been working at Ameriprise full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Ample resources, training, and support.

    Cons

    Disorganized, no advancement, no reward for hard work, and upper management is unappreciative of staff.

    Advice to Management

    Stop taking advantage of staff and reward them when they exceed your expectations instead of criticizing them when they don't.


  7. Helpful (4)

    Operations Engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN

    I have been working at Ameriprise full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Good pay and a stable work environment

    Cons

    Management is terrible, culture is terrible. Not unusual to hear yelling on calls between different groups. Company changes so slowly that it's hard to improve the company or make a difference.

    Advice to Management

    Management has no interest in listening to employees or improving IT.


  8. Auditor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Minneapolis, MN
    Former Employee - Project Manager in Minneapolis, MN

    I worked at Ameriprise

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexible work schedule and good pay.

    Cons

    Management was very sneeky and cut-throat.

    Advice to Management

    Share with your employees (contractors) what is going on.


  9. Helpful (3)

    was financial advisor in franchise group

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Long Beach, CA
    Former Employee - Financial Advisor in Long Beach, CA

    I worked at Ameriprise

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    reputable company, strong balance sheet, consumer awareness

    Cons

    poor technology platform, low marketing support for senior advisors, high management turnover, high franchise fees, limited product platform

    Advice to Management

    open product platform, allocate more resources for marketing for senior advisors


  10. Helpful (8)

    Great place to work, unless you have an HR issue.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Minneapolis, MN
    Current Employee - Business Analyst in Minneapolis, MN

    I have been working at Ameriprise full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good enough culture
    Good opportunity for advancement

    Cons

    Low pay relative to competitors
    If you're involved in project work prepare for LONG hours.
    HR is a nightmare - The company is pretty good unless you need to contact Employee Relations for being mistreated. They will quickly go to work to protect the company and turn everything around on you. I know several people who have been pushed out and even fired after asking for help. If your boss is mistreating you just quietly find a new job and you should be fine.
    Rating system, which determines merit increases and bonuses, is mostly a gauge of how much your boss likes you.
    DO WHATEVER IT TAKES TO KEEP YOUR BOSS ON YOUR SIDE.


  11. Helpful (3)

    Don't drink the Koolaide

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ameriprise full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    If you are willing to put in time and effort; you can rise quickly or at the very minimum move laterally internally to many other positions.

    Cons

    The claim to value culture and employee development, however I found that it a constant game of patting yourself on your back and demanding more money.

    Advice to Management

    Care about your employees



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