Pros

Income tied directly to bringing in new clients, aka amount of work you put in. You build your own practice.

Cons

Ameriprise is not a very reputable firm. It is very difficult for recent college graduates to find success as a new financial advisor at Ameriprise. Instead of teaching you about financial planning you learn scripts instead.

Advice to Senior Management

There should be a longer period for new hires before they have to survive on new clients along. Perhaps it is a training program to work for more senior advisors while the younger one builds knowledge and experience.