Ameriprise

  www.ameriprise.com
  www.ameriprise.com

Ameriprise Reviews

Updated November 13, 2014
Updated November 13, 2014
583 Reviews
3.3
583 Reviews
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Ameriprise Chairman & CEO Jim Cracchiolo
Jim Cracchiolo
337 Ratings

Review Highlights

Pros
  • Wonderful person who values work-life balance and wants to compensate me fairly (in 39 reviews)

  • Great place to begin a career in financial planning because of the base salary (in 29 reviews)


Cons
  • Work-life balance could be improved by moving afternoon shifts to morning (in 21 reviews)

  • You will have to work long hours to meet the goals set for you (in 19 reviews)

More Highlights

114 Employee Reviews Back to all reviews

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  1.  

    Operations

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

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

    Pros

    The people are great

    Cons

    No room for advancement

  2. 1 person found this helpful  

    Stagnant

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

    I have been working at Ameriprise full-time

    Pros

    Lots of good, smart people scattered through the company who care about the clients and the firm

    Cons

    Operating model is antiquated. No support for innovation or growth. Csuite involved in every little decision. Marketing used to be great, now it reports to finance and is only seen as an opportunity to cut not an engine to grow. Leaders spend all their time focused on beating each other, none thinking about beating the competition. Some departments can be tough for women.

    Advice to ManagementAdvice

    Think beyond the next quarter. Things are changing very quickly. Stop pitting departments against one another and start focusing on how we can beat the competition. Hire a CMO.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Ameriprise corporate

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

    I worked at Ameriprise full-time

    Pros

    engaged workforce, high level of integrity and adherence to regulations

    Cons

    low pay for the marketplace/region

    Advice to ManagementAdvice

    Fewer changes, better change management

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Intern Branch office

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

    I worked at Ameriprise as an intern

    Pros

    PRovides a good service to people, not necessarily ultra high net worth.

    Cons

    Very tedious, repetitive and mundane tasks. Seemed like that was true for even people in more advanced positions than myself.

  6. 2 people found this helpful  

    Ameriprise Financial experiences working as a Program/Sr. Project Management consultant in Minneapolis, MN.

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

    I worked at Ameriprise as a contractor (less than an year)

    Pros

    Obtaining a contract, whether W2 or Corp-Corp working with Ameriprise Financial is very easy for experienced Project Managers based in Minneapolis, MN. The work environment is comfortable, usually slow-paced and low stress. The management (Business & IT) is consistently competent and contain solid levels of longevity with the organization; frequently dating back to the American Express Financial Advisors (AEFA) organization.

    Cons

    There are complicated political alliances that occasionally inhibit efficient and high quality project or program level execution of projects. The internal demands for the finite qualified IT resources creates significant resource contention that are large obstacles to execution of high level initiatives. The mid-level Director and Sr. Manager level resources are relatively inexperienced and typically very insecure in their roles. The VP and SVP/C level executives are highly talented and strong caliber leaders (overall). Contract pay rates are near the low end for seasoned professionals, thus providing a large number of under qualified BA and Program/Project Manager contractors.

    Advice to ManagementAdvice

    Apply Earned Value project management to ensure that 100% value is for services from contractors, rather than average contract rate per hour to procure resources. Often, contractors are inexpensive and thus offer low value propositions. The Vendor Management team focuses far too much on lowering the blended contractor hourly rate per hour - this has created a void with Ameriprise's ability to attract and utilize the top 10% of contractors within the Minneapolis market. Ameriprise has earned a reputation as a low value client for numerous top level contractors, who are now engaging the more visionary organizations in the Fortune 500 client base nationally and in MN.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7. 1 person found this helpful  

    It was not a very good experience.

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

    I worked at Ameriprise full-time (more than an year)

    Pros

    Learn the basics of financial planning and do a lot of financial plans. It works best in theory but in practice you cannot make any amount of decent money doing plans. Salary of $ 36k to $ 39k is not at all appropriate to do business of financial planning.Good work culture and leadership but it is bent to give more opportunities to successful advisors only.

    Cons

    Training is good but again you are giving lots of time doing financial plans ( loss leader) and if you do not realize you may spend 2 to 3 years not getting paid or having any meaningful traction.Focus on insurance and managed money later. .....too much focus on disability insurance.....
    I would prefer to manage and gear myself to be an asset gatherer with AUM to sustain some business.....You are starving and cannot continue doing financial plans. As it is not the plans but what they lead to is important

    Advice to ManagementAdvice

    Be realistic, give a decent salary to begin with....more partnerships with other advisors.Technology needs to be updated and also try to talk to advisors in the language of their clients like hi-tech engineers in valley need to be communicated differently. I guess compliance is the excuse there.
    Try to make the paper work less tedious for advisors especially new comers. Give some incentives in terms of lunch money etc to be able to spend for client events and not just do 10 plans and earn $ 200 or $ 250 bucks for lunch money.
    Help experience advisors hit the ground running.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Bland

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services in Los Angeles, CA
    Former Employee - Financial Services in Los Angeles, CA

    I worked at Ameriprise as an intern (less than an year)

    Pros

    The people are always fun and caring and sometimes laid back, which is nice. Strong company. Flexible hours.

    Cons

    I felt extremely undervalued here. They had a pretty intense interview session and they like picking top candidates for here, but I quickly came to realize the work was so mundane. For everyone in the office.

    Basically, if you aren't the advisor yourself, you'll be stuck under someone who will make you do grunt work for the rest of your time there.

    Advice to ManagementAdvice

    Provide an environment that allows your subordinates to grow and apply themselves

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9.  

    Financial Advisor

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ameriprise

    Pros

    the vision and mission of financial planning is important to the people who work there and they believe they are adding value to the community.

    Cons

    No assistance with growing your book of business. There is more focus on getting books quickly with little to no guidance.

  10. 4 people found this helpful  

    Run, Run Away as Fast as You Can

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

    I worked at Ameriprise full-time (less than an year)

    Pros

    The people are generally Minnesota Nice.

    Cons

    - This company is a business cycle behind, and out of touch with the financial services environment as a whole.
    - Too many "home grown" staff who don't understand how much they really don't know.
    - Run by a clique- the pretty girl from high school in full force. You'll never be promoted unless you play the back stabbing political BS. Single, straight males need not apply.
    - All the managers are "leaders". Statistically, this is an impossibility resulting in a complete joke.
    - Corporate slogans and BS everywhere on the walls. How about you spend some time fixing the problems instead of pushing the branding down everyone's throat?
    - Management and decision by committee. No accountability what so ever, unless they want to get rid of you of course.

    Advice to ManagementAdvice

    - Stop the joke that is RiverSource product, it's a rip off to the clients who can get way more for cheaper elsewhere.
    - $46 Million for the CEO. Are you kidding me? When one of this year's goals was to create an environment of accountability?? Thanks for admitting that no one here will take any responsibility for anything.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    Fight or Flight.

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

    I worked at Ameriprise full-time (more than an year)

    Pros

    The food was exceptional in the cafeteria. The benefits were superb. Associates were friendly and was able to make meaningful connections.

    Cons

    My training group was not even trained properly. The people in leadership roles were horrible leaders and unwilling to lend any type of helpful direction.

    Advice to ManagementAdvice

    This will be short and not-so-sweet: this is specific for my team…my coaches and team leader were undeniably lazy. All were uneducated wannabes. My leader did not know anything about what our job as associates encompassed. Because they were uneducated, they had no interpersonal communication skills, thus were incompetent at taking advice or constructive criticism, much less leading a team. Worse- they [upper management] formed bonds with each other that pigeonholed their vision, into very poor decisions and absolutely no creativity. It was a complete nightmare working for them. They played favorites, lied, and I was very relieved to be free from their dictatorship.

    Doesn't Recommend
    No opinion of CEO

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