Ameriprise Reviews

Pros

Unlimited income potential, brand reputation, good benefits, eventual flexibility in the hours you work, rewarding career if you make it!

Cons

It's a very tough business to get started in. You will put in 60 hours a week and not make much money. Most people fail out of the business in the first two years.

Advice to Senior Management

Continue to improve your training of new financial advisors. If they can get their business up and running faster everyone will win.

Pros

Best platform to provide your clients with what they need as well as a variety of ways to make it profitable for the advisor as well

Cons

Being an AFA is tough and really depends on the advisor that you work for. I did not have a good group. They made a lot of promises and did not follow through with any of them.get everything in writing because an an AFA you have no rights unless it is on a contract.

Advice to Senior Management

Make sure advisors treat their AFA's with some level of standards

Pros

Mid level managers are very good. People know their own jobs very well. Many people have 15 years of service and it is not uncommon that this was the first and only job for some employees.

Cons

Sr. managers are not strong. Many don't have experience beyond Ameriprise. Their focus is on reporting and administriva rather than execution.

Advice to Senior Management

Not worth sharing as it won't make an impact.

Pros

Great place to get your foot into the door in terms of finance. You learn a lot about wealth management.

Cons

Some of my daily tasks can be repetitive, but only because I'm an undergraduate college student interning there part time.

Advice to Senior Management

Perhaps teach interns more about the wealth management industry. Provide insightful overviews of how each financial advisor has different investing philosophies.

Pros

There is room for growth

Cons

Not enough training on how the company originated exc.

Pros

great technical side for applications and etc.

Cons

your on your own as far costs

Pros

Nice, new, clean Building
Good Benefit plan
Great Cafeteria and food.
Opportunity for advancement if you are friends with the management.

Cons

Poor technology, systems crash daily.
Only 20 seconds between calls, which burns out the employees
No recognition for when you are doing a good job, only noticed if you make a mistake.
Lack of work/life balance. Just about impossible to get any time off.
Inexperienced Team Leaders.

Advice to Senior Management

Please make an effort to treat your employees better. Those in the call center work very hard with little recognition. Schedule some time for people to get off the phones occasionally to prevent job burn out. I left Ameriprise, only because of the way I was treated by Leadership.

Pros

Growing company that perhaps is showing they can survive in the financial world. Colleagues are friendly and for the most part, helpful.

Cons

Poor management, a very greed driven atmosphere. At times it seems that the advisor's pockets may be more important than the client's needs. Unfair treatment and lack of acknowledgment for employees

Advice to Senior Management

Ameriprise is a business run on two different platforms, corporate and franchises. I would suggest working for corporate as the franchise management is lacking in the employee satisfaction area due to pressure from running their "own business".

Pros

entrepreneur, run-your-own business mentality, flexible schedule
For the high producers, get more respect and leadership opportunities

Cons

tough hours
low compensation in beginning
commission-based draws
restricted products
commission & product driven, not doing best for clients sometimes

Advice to Senior Management

need better support group for rookies. Lack of leadership resulting in high turnover

Pros

I got a good reference and something to put on my resume. I also got to apply very limited basic financial principles in some research.

Cons

I was basically a secretary. I got coffee, made copies, watered plants, and often sat alone in my boss's office fro an hour until she arrived.

Advice to Senior Management

Show up on time, manage your client information better. The amount of paper files that you have could be mistaken for Dunder-Mifflin. The desks are all very cluttered as well, I would highly suggest switching to electronic records or using databases. Putting post-it notes all over the place is how client information gets lost or you forget to do something.