Ameriprise

www.ameriprise.com
There are newer employer reviews for Ameriprise

3 people found this helpful  

Financial advisor- Las Vegas, NV advisor center

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

I worked at Ameriprise full-time

Pros

Hourly wage
commission
Decent benefits
401k is through wells fargo
Pay for all your series and insurance licensing

Cons

Glorified telemarketer.
Low commission grid rate
High turn-over
Everything needs to be done over the phone
leads are recycled over and over and over

Advice to ManagementAdvice

more face-to-face interaction with clients

Doesn't Recommend
Neutral Outlook
No opinion of CEO

615 Other Employee Reviews for Ameriprise (View Most Recent)

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  1.  

    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)

    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 ManagementAdvice

    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.

    Recommends
    Negative Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Rewarding if you are prepared to work very hard and be exhausted at times

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

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

    Pros

    It is a wonderful place to get licensed and see if being a financial advisor is what you want to do. Once you have a book of business you can scale back a bit. If you do not want to be an advisor, it is a good path to other positions at corporate HQ.

    Cons

    Colleagues drop like flies-retention rate from training class after 1st year was 20%

    Advice to ManagementAdvice

    Find out what is producing the high turnover and reduce it. It leads to poor client experience and increased costs. Have more realistic training and teach advisors how to make enough money to retain their jobs . Realize that hiring large numbers will not fill gap caused by huge turnover

    Recommends
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for Ameriprise

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