Ameriprise Reviews

Updated July 31, 2015
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669 Employee Reviews

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  1. Helpful (1)

    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.


  2. Helpful (1)

    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


  3. Okay Experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ameriprise

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    flexible schedule decent base pay

    Cons

    too many happy hours for me

    Advice to Management

    modernize


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


  5. Helpful (1)

    run do not walk

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ameriprise

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

    Pros

    the people in this office are great but that is not representative of the firm as a whole

    Cons

    everything that I have been told since the interview was a fabrication, salary, working conditions, job description etc this is a complete dead end


  6. Financial Analyst

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

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

    Pros

    -Great work life balance -Senior Management is very supportive of employees -Many opportunities for networking and learning -Good salary and benefits

    Cons

    Most of the employees are older and not fun, good out of college job except that its a very tame work environment.

    Advice to Management

    Be sure not to micromanage young talent-- let creativity and new ideas flourish because the company and clientele are getting older by the day.


  7. Client Service Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Services Manager in Chicago, IL
    Current Employee - Client Services Manager in Chicago, IL

    I have been working at Ameriprise full-time (More than 5 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great work environment. Small group of people that work together. Depending on your employer a lot of flexibility, which I have with mine (hours, taking time off etc)

    Cons

    Since it is a Franchise I work for benefits are not as good as on a corporate level.


  8. Nice

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

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

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

    Pros

    clean, secure, corporate conscious, community steward, company stock growth

    Cons

    I resigned my position with Ameriprise due to poor leadership in my immediate supervisor. This is not to say that there are other managers and corporate leaders who are very good within the organization; mine was poor.

    Advice to Management

    Take a leadership training course, emotional intelligence, leave your stress at home and don't take it out on your employees. Employees need/want mentorship... not a boss constantly coming down on them!


  9. Client Support

    • 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

    Doesn't Recommend
    Doesn't Recommend

    Pros

    always hiring new staff, nice facilities

    Cons

    zero flexibility in phone service


  10. Sales roles

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

    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

    role straightforward, work hard get rewarded, good opportunity to get quarterly bonuses if put in the work, some training

    Cons

    lack of diversity, need more training, lack of female representation, hard mobility in between roles and even divisions, lack of promotions

    Advice to Management

    Hire more diverse candidates, better training for management, need more women in managerial roles


  11. Client Service Associate

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

    I worked at Ameriprise

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

    Pros

    Fun coworkers. Solid training and development.

    Cons

    Can be political. Pay is average.



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