There are newer employer reviews for Ameriprise

A solid company, but tough to grow your business

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

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

Recommends
Neutral Outlook
No opinion of CEO
Recommends
Neutral Outlook
No opinion of CEO

Pros

Strong company, good management. The Ameriprise name has been improving over the last few years.

Cons

It's a tough place to grow your business as an advisor. They are in transition from the days of "lunch and learns" to the model of a more traditional wire house.

Advice to Management

I enjoyed working with both of my managers at Ameriprise

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  1. Guardian Life Insurance

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

    I worked at Ameriprise as a contractor (more than a year)

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

    Pros

    Growth opportunities with a sound company of 152 years!!

    Cons

    You must have a 3 years of financials to enter the career!

  2. Financial planning is the right idea for today's consumer, execution isn't always there

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

    I worked at Ameriprise full-time (more than 5 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    In concept, the financial planning model is ideal, especially in this economy.
    The overall business model of a broker/dealer, asset manager and insurance company makes sense as the three elements support each other.

    Cons

    Not all the advisors are true financial planners, and even those that are can't always handle too much complexity.
    Senior management is too disconnected from the rank in file organization.
    By distancing themselves from the insurance element of the business, they're missing a great opportunity to bring balance to client portfolios through guaranteed accounts and the tax and saving benefits of whole life insurance.

    Advice to Management

    Be more visible across the organization on a day to day basis. Learn from the time you spend in the trenches, and use that insight to help guide corporate strategy.

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