Ameriprise – “It is what you make of it”

Pros

Great place to start your practice
Lots of sales tools learned
Opportunities to go into management if you desire
Franchise and own your practice
breadth of products

Cons

payouts suffer in comparison to other Broker Dealers
advertising can be weak
just like most large houses, they skew towards insurance but you are able to make of it what you would like

Advice to Senior Management

Take the time to teach the advisors something about financial planning to go along with all the sales. It is a tough balance, but that education needs to be pushed outside of just getting your 7.