There are newer employer reviews for Ameriprise

 

Working for a P2 advisor

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Associate Financial Advisor in Chicago, IL
Current Employee - Associate Financial Advisor in Chicago, IL

I have been working at Ameriprise

Pros

Ability to have a flexible schedule, every day is different, direct client contact.....but of course all of this is pretty dependent for the advisor you work for and how they want to structure their practice

Cons

Working for an advisor can have a lot of uncertainties and often times they can lose sight of the value their employees provide even though they are not generating revenue for the practice. It is very heard to really get to know an advisor and how they do business in an initial interview so sometime you may not know what their values/strenghts/weaknesses are until well after being hired. So its important to ask around about the advisor and to try to do as much research on him/her as possible

Advice to ManagementAdvice

Keep growing and never waver from the financial planning foundation which IDS/AEFA/Ameriprise was/is founded on

Recommends
Approves of CEO

575 Other Employee Reviews for Ameriprise (View Most Recent)

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  1.  

    Great place to start your career, but it is very difficult to sustain growth.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ameriprise

    Pros

    Extreme flexibility in how you grow your practice. A wide product offering makes it easy to attract prospects from all areas. Technology platform is excellent.

    Cons

    Although education is a major focus of the company, it focuses more on product education. That is fine as you must know what the consumer is purchasing. However, there is not a huge push for strategy education. Management is not concerned about the quality of advice so long as it follows FINRA and SEC regulations.

    Advice to ManagementAdvice

    The quality of advice is essential to growing a practice. In tough economic times, the company focused more on what products to sell clients than to offer a solution that is actionable. A lot of advisors have their basic designations, but there is not systematic required training of industry best practices.

    Doesn't Recommend
    Approves of CEO
  2. 1 person found this helpful  

    Good things and bad things about working for Ameriprise

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

    I have been working at Ameriprise

    Pros

    Culture, diversity, opportunities, benefits, salaries

    Cons

    Leaders promoted unfairly with severely poor discipline practices for leaders who are proven to violate the code of ethics and/or company policy. Many leaders betray trust and confidence and continue to do so with little to no consequences for their behavior. Also, because this company is in the financial services industry, they are eliminating jobs rather than looking at other options such as reducing or eliminating bonuses and/or reducing the 401K match. Positions are being eliminated without any regard for seniority or tenure with the company. There were additional positions just eliminated in April that no one seems to be aware of. Somehow the company has managed to keep this from the public. Here's the irony - my position was eliminated yet I still received the annual bonus.

    Advice to ManagementAdvice

    I truly believe that Senior Management is completely unaware of the practices going on by the leaders under them. I have had two leaders at Ameriprise proven to do despicable acts to me. I reported the incidents, sufficiently proved beyond a shadow of a doubt that the acts occured, yet these leaders continued in their roles as leaders in the company with what seemed like little more than a slap on the hand. In addition, there is a woman in a senior leadership role in Investments who has very poor leadership skills. It's blatently obvious that her leadership decisions are biased, she sorely lacks fairness and objectivity, and cares little for the unusual life events that can occur in a person's life.

    Recommends
    Disapproves of CEO
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