Ameriprise

  www.ameriprise.com
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Ameriprise Reviews

Updated Jul 24, 2014
All Employees Current Employees Only

3.1 528 reviews

74% Approve of the CEO

Ameriprise Chairman & CEO Jim Cracchiolo

Jim Cracchiolo

(311 ratings)

54% of employees recommend this company to a friend

Review Highlights

Pros
  • Wonderful person who values work-life balance and wants to compensate me fairly (in 35 reviews)

  • Gained understanding of the financial planning industry (in 26 reviews)


Cons
  • Work-life balance could be improved by moving afternoon shifts to morning (in 17 reviews)

  • You will have to work long hours to meet the goals set for you (in 18 reviews)

More Highlights
133 Employee Reviews Back to all reviews
Relevance Date Rating
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    • Culture & Values
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    Workplace Environment

    Wholesaler (Former Employee) Philadelphia, PA

    ProsGood Pay based upon pay bands

    ConsDifficult workplace environments for married individuals as affairs are common place between wholesalers and advisors.

    Advice to Senior ManagementHR needs to be more involved in all aspects of the workplace environment and assist in discouraging affairs between advisors and wholesalers.

    No, I would not recommend this company to a friend

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    Great environment. Great place to start out for college grads. Little room for growth but plenty of exit opportunities.

    Financial Analyst (Current Employee)

    ProsHas a nice relaxed environment. Great place for recent grads. Stress is low depending on your position. Plenty of exit opportunities.

    ConsVery little room for growth. Lots of potential for lateral movement but not vertical movement.

    Advice to Senior ManagementTake into account your junior employees. These people are working very hard and are under appreciated.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great

    Intern (Former Employee) Tuscaloosa, AL

    ProsIntern only, assisted financial advisor

    ConsFollowing rules, hard-work, showing up on time, attention to detail

    Advice to Senior ManagementFinancial advisor

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    Intern

    Financial Advisor (Former Employee) Saddle Brook, NJ

    Prosa lot to learn and plenty of opportunities to learn everything

    Consthey got rid of interns due to lack of funding

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Neutral

    Anonymous Employee (Former Employee)

    ProsGood place to find an entry level position or begin your career

    ConsDifficult to develop in the long term

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Overall good

    Anonymous Employee (Former Employee)

    ProsBenefits are good, compensation is competitive. Employees have Good Leadership development programs.Lot of development opportunities. It is upto the individual to make use of these resources to figure out his career growth.

    ConsExpected to forego work life balance to meet project deadlines. People are expected to navigate through the organization maze on their own. It all depends on which area you work.

    Advice to Senior ManagementUpper Management focuses on collaboration and one Ameriprise philosophy.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Financial Advisor

    Financial Advisor (Former Employee)

    ProsCompany helps corporate channel advisors grow their business by providing marketing $ for client and prospect events/seminars. Good firm for learning how to become a financial planner. The stock has done extremely well, thank you Mr. Cracchiolo.

    ConsSales support within the office is spread thin and reduced access to quality home office sales support puts a greater onus on the FA to handle menial tasks and service issues. On the plus side, cost cutting contributed to the increased share price. This is first and foremost a financial planning based firm and insurance sales are strongly and consistently encouraged. If you want to build or run your business at a more traditional financial advisor/brokerage firm, look elsewhere (put this in the PRO column if you want to run an insurance based financial planning practice, but consider the franchise channel for a higher net payout).

    Advice to Senior ManagementConsider adding quality sales support so the $250K producer can have more time with less frustration to become a $500K producer.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good job- not always a career option- Ambitious beware!

    Client Service Associate (Former Employee) Atlanta, GA

    ProsEstablished company, Easy-to-use tools, Plug & Chug, potential for anything your advisor will allow

    ConsKeep in mind this is a franchise- your experience will work based upon your advisor.

    Advice to Senior ManagementProvide more opportunities for younger associates or anticipate their departure

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    1 person found this helpful  

    Not much room for advancement

    Advisor Assistant (Current Employee) Bedford, NH

    ProsFlexible hours, nice work environment, casual dress code.

    ConsSlightly sexist -- for the most part, the men are the advisors, the women are the office support. This is not the job for you if you're a woman and want to climb a ladder to a better position, or if you have a problem with fetching coffee for clients.

    Advice to Senior ManagementWork harder to designate tasks to members of your team. Organization starts from the top.

    No, I would not recommend this company to a friend

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    If I knew then what I know now

    Anonymous Employee (Current Employee)

    ProsGreat support people. Overall the advisors and staff work well together

    ConsAs a P1 advisor your payouts are limbo stick low. It is hard to make money on fee-based discretionary business. Try finding a partner...good luck. They have to go through AMP's recruiting process, and this takes alot of time. AMP is having trouble recruiting P1 experienced advisors

    No, I would not recommend this company to a friend

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