Ameriprise

  www.ameriprise.com
  www.ameriprise.com

Ameriprise Reviews

Updated November 22, 2014
Updated November 22, 2014
586 Reviews
3.3
586 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Ameriprise Chairman & CEO Jim Cracchiolo
Jim Cracchiolo
340 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 31 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

155 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Registered Staff for Franchisee (Paraplanner)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Paraplanner in San Francisco, CA
    Current Employee - Paraplanner in San Francisco, CA

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

    Pros

    Don't have to deal with a sterile corporate culture, lot's of flexibility. Financial planning is at the core of what we do so I feel like we are aligned with the clients best interest and not here to merely make money off pushing product that may not be in the clients best interest. Good place to get experience, good place to be a lead/franchise advisor. High payouts

    Cons

    Health benefits are not mandatory with franchise owners, I currently pay for all my own health benefits. All franchise owners are different but they are essentially small business owners and can run their practice how ever they want. Ameriprise, on the franchise and corporate side, as a whole pays their staff less than average compared to other firms. This came straight from one of the Ameriprise leaders at a top performers conference in La Quinta.
    Hard to grow to an advisor role from registered staff, in general advisors want to hire experienced advisors with a small book of business. For that reason I'm leaving to be an advisor at another firm (Schwab). Offer already accepted,

    Advice to ManagementAdvice

    Allow staff to progress if they earn it and dont think you're saving money by not allowing a paraplanner, with a CFP, to move to a junior advisor role. You're going to lose your talented staff and it will cost way more to hire a replacement and train them. Current franchise advisor is a great advisor, just not the best business owner/manager of people.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Ameriprise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Support Assistant in Providence, RI
    Former Employee - Registered Support Assistant in Providence, RI

    I worked at Ameriprise full-time (more than 8 years)

    Pros

    Good benefits, great stated mission, lots of great employees

    Cons

    staff are not valued and have no control over who they work with. Leadership does not encourage great staff and rather works against them to protect their own jobs.

    Advice to ManagementAdvice

    Replace all management in the Providence RI office. They are not trusted and do not act in the offices best interest.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Process over skill

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

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

    Pros

    Ameriprise values processes that can make the company succeed.

    Cons

    The process are sometimes too rigid to allow for innovation.

    Advice to ManagementAdvice

    Professionals are not interchangeable. It is important to value the unique skills of each employee.

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

    Great Company

    • 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

    Pros

    Flex time
    Nice co-workers
    Great benefits
    Company Values
    Work-life balance

    Cons

    They dont give promotions, even if you work your butt off to get them

    Recommends
    Positive Outlook
    Approves of CEO
  6. 3 people found this helpful  

    Great Company and Opportunity. Management must improve Division's direction.

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

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

    Pros

    - Great place to work if you are starting out in the business.
    - Provided all new employees with continuous training. (Heard it has changed from colleagues who are still there, 10/14)
    - Co-workers worked hard to achieve their goals, and were helpful when you experienced difficulties.
    - Many opportunities to work in different parts of the company, if you choose to.

    Cons

    Want to state that this is not a Branch office. This was an inside sales job in the corporate building. Keep that in mind when reading about my experience:
    - Too much turnover.
    - People were leaving or being let go, quicker than hiring allowed.
    - Quality of advice may have suffered because of that, which hurt brand's reputation.
    - Payouts do not reflect that of industry
    -

    Advice to ManagementAdvice

    - Stop changing the team structure.
    - Keep your best advisors happy so that they stay.
    - No need to have so many advisors. Better have 3 lions, than 50 sheep.

    Negative Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Great place for those who are content to settle.

    • 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

    Pros

    Decent salary, benefits, and PTO.

    Cons

    Way too political and Minnesota passive-aggressive

  8.  

    OK experience

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

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

    Pros

    They provide you with a wide variety of tools to work with and gain experience using. Wide range of products and services are offered to clients.

    Cons

    Not very supportive for someone who is young and trying to start off as a Financial Advisor. They focus more on the established advisor.

    Advice to ManagementAdvice

    Provide more support to younger employees who want a career as a Financial Advisor

  9.  

    Fairly good company to work for

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

    I worked at Ameriprise

    Pros

    Solid company, ok pay, ok bonus

    Cons

    some leaders are horrible to work with

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ameriprise

    Pros

    Ok Company to work for

    Cons

    None that i can think of

  11. 1 person found this helpful  

    IT at Ameriprise

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

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

    Pros

    If you get in with the right manager, you can advance fairly quickly. Salary is average, but bonuses are good. 401k match at 5% is average, which is a little ironic for a financial advising firm. Other benefits are below average. The work environment is fine, typical for a Fortune 500.

    Cons

    There are a lot of politics here. There's less of a focus on technology. Most Ameriprise IT employees are not technical, resulting in those that are having inflated egos. Vendors tend to have their way. Work-life balance is generally good, with occasional periods of additional effort expected. I'm not sure of the numbers, but turnover seems high.

    Recommends
    Neutral Outlook
    No opinion of CEO

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