Ameriprise - Working for a P2 advisor | Glassdoor
There are newer employer reviews for Ameriprise
There are newer employer reviews for Ameriprise

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"Working for a P2 advisor"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Associate Financial Advisor in Chicago, IL
Current Employee - Associate Financial Advisor in Chicago, IL
Recommends
Approves of CEO

Pros

Ability to have a flexible schedule, every day is different, direct client contact.....but of course all of this is pretty dependent for the advisor you work for and how they want to structure their practice

Cons

Working for an advisor can have a lot of uncertainties and often times they can lose sight of the value their employees provide even though they are not generating revenue for the practice. It is very heard to really get to know an advisor and how they do business in an initial interview so sometime you may not know what their values/strenghts/weaknesses are until well after being hired. So its important to ask around about the advisor and to try to do as much research on him/her as possible

Advice to Management

Keep growing and never waver from the financial planning foundation which IDS/AEFA/Ameriprise was/is founded on

Other Employee Reviews for Ameriprise

  1. Helpful (1)

    "Tough time to be in Financial Services, but Ameriprise can Weather the Storm"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Minneapolis, MN
    Current Employee - Vice President in Minneapolis, MN
    Recommends
    Approves of CEO

    Pros

    My department allows me the flexibility to get work done where and whenever, as long as I meet my commitments and drive business results. Career development is supported, but it is ultimately up to the employee to drive. As like many companies, it is large and takes time to navigate through. Very client focused and much better since the spinoff from American Express. CEO is very engaged in ensuring this business succeeds. Well positioned with a strong balance sheet to weather the economic storms and is able to take advantage of acquisitions as the market improves. Overall a great company to work for, even though the financial services sector has been beaten down.

    Cons

    Multiple lines of business are not always aligned with each other. Way behind on social networking... they use regulatory rules as an excuse not to consider the needs of the Millenials and others. Senior management at times likes to pontificate when they are not always close enough to the work. Finance area seems to have a lot of turnover. Like all financial services firms, suffers from guilt-by-association when the market goes down, even when it has low exposure.

    Advice to Management

    Listen to the folks in the middle down 2-3 levels from the Executive team... they are more in touch with what is going on and what is needed.


  2. "Great place to start your career, but it is very difficult to sustain growth."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    Pros

    Extreme flexibility in how you grow your practice. A wide product offering makes it easy to attract prospects from all areas. Technology platform is excellent.

    Cons

    Although education is a major focus of the company, it focuses more on product education. That is fine as you must know what the consumer is purchasing. However, there is not a huge push for strategy education. Management is not concerned about the quality of advice so long as it follows FINRA and SEC regulations.

    Advice to Management

    The quality of advice is essential to growing a practice. In tough economic times, the company focused more on what products to sell clients than to offer a solution that is actionable. A lot of advisors have their basic designations, but there is not systematic required training of industry best practices.

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

See Most Recent

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