Ameriprise Reviews in Columbia, MD | Glassdoor

Ameriprise Columbia Reviews

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Found 2 reviews

2.0
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0%
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Approve of CEO
Ameriprise CEO Jim Cracchiolo
Jim Cracchiolo
2 Ratings
  1. "The Ameriprise experience was a journey I would not go through again but the knowledge gained can never be replaced."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Columbia, MD
    Doesn't Recommend
    Disapproves of CEO

    I worked at Ameriprise

    Pros

    Great support system for non-experienced college grads. Exams are paid for and training is a priority. All the tools are there.

    Cons

    The business model is to hire young inexperienced college grads and use the newly hired advisor's natural market (immediate family/friends) to purchase insurance whether the financial need is there or not for the newly acquired client. After the new advisor cannot meet his unrealistic goals with in the 1st year the tenured advisors gain the clients since they signed into a year long contract and most likely purchased...

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    Advice to Management

    The managers are strictly sales motivated and there is little emphasis on actual advising or consulting with respect to the clients financial interests or needs in mind.

    Ameriprise2011-06-23
  2. Helpful (1)

    "Throw 100 at a window and hopefully 1 or 2 will stick"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Columbia, MD
    Doesn't Recommend
    Disapproves of CEO

    I worked at Ameriprise

    Pros

    If you are a young professional right out of school, its a great place to be because everybody seems to be 24 years old.

    Cons

    The reputation is pretty hard to overcome. Everybody knows about lunch seminars and its purpose. At Ameriprise, variable annuities and VULs are the answer for everything and by now even 90 year olds know that for the most part all they do is give the advisor a huge up front commission.

    Advice to Management

    Draw paychecks? 70 hour weeks? $900 for a plan that's already written and all you have to do is change the name of the client? 5.75% Load on horrible RVS funds?

    Ameriprise2008-06-13
Found 2 reviews