Ameriprise – “Good place to start”

Pros

Great place to begin a Financial Planner career. Very good sales & marketing training, along with solid technical training and skills development.

Cons

Compensation plan is geared toward rewarding advisors with an established book. So if you're new to the business, take advantage of the training, do your time and know that you will starve, unless there is spousal income or you have a stockpile of cash in reserves.

Advice to Senior Management

My advice to leadership is to pay your Field Leaders a little bit less and invest that capital in better compensation for dedicated advisors in P1 who are building a book for you. Translated: feed your people so they don't die and/or leave you for another team.