Ameriprise - Financial planning is the right idea for today's consumer, execution isn't always there | Glassdoor
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There are newer employer reviews for Ameriprise

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"Financial planning is the right idea for today's consumer, execution isn't always there"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Minneapolis, MN
Former Employee - Anonymous Employee in Minneapolis, MN
Recommends
Negative Outlook
Disapproves of CEO

I worked at Ameriprise full-time (More than 5 years)

Pros

In concept, the financial planning model is ideal, especially in this economy.
The overall business model of a broker/dealer, asset manager and insurance company makes sense as the three elements support each other.

Cons

Not all the advisors are true financial planners, and even those that are can't always handle too much complexity.
Senior management is too disconnected from the rank in file organization.
By distancing themselves from the insurance element of the business, they're missing a great opportunity to bring balance to client portfolios through guaranteed accounts and the tax and saving benefits of whole life insurance.

Advice to Management

Be more visible across the organization on a day to day basis. Learn from the time you spend in the trenches, and use that insight to help guide corporate strategy.

Other Employee Reviews for Ameriprise

  1. Helpful (3)

    "Rewarding if you are prepared to work very hard and be exhausted at times"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Minneapolis, MN
    Current Employee - Financial Advisor in Minneapolis, MN
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Ameriprise full-time (More than a year)

    Pros

    It is a wonderful place to get licensed and see if being a financial advisor is what you want to do. Once you have a book of business you can scale back a bit. If you do not want to be an advisor, it is a good path to other positions at corporate HQ.

    Cons

    Colleagues drop like flies-retention rate from training class after 1st year was 20%

    Advice to Management

    Find out what is producing the high turnover and reduce it. It leads to poor client experience and increased costs. Have more realistic training and teach advisors how to make enough money to retain their jobs . Realize that hiring large numbers will not fill gap caused by huge turnover


  2. Helpful (7)

    "stay away"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor In Training in Minneapolis, MN
    Current Employee - Financial Advisor In Training in Minneapolis, MN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Ameriprise full-time (Less than a year)

    Pros

    Get sponsored for your licensing exams

    Cons

    Some bad apples make working there very unsavory

    Advice to Management

    Teach managers about employee rights

There are newer employer reviews for Ameriprise
There are newer employer reviews for Ameriprise

See Most Recent

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