Ameriprise - It's a good place to start and you might just stay. | Glassdoor
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There are newer employer reviews for Ameriprise

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"It's a good place to start and you might just stay."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Advisor in Philadelphia, PA
Current Employee - Financial Advisor in Philadelphia, PA
Approves of CEO

Pros

It's a flexible career which allows you to work as much or as little as you want. My favorite part is that you are able to build great relationships with clients that you like that can last a lifetime.

Cons

It's hard work and a lot of it. I would not recommend it if you have significant financial responsibilities or if you do not want to work long hours in the beginning. The fact that you do not have a big base means that you will likely not be sure how you are going to pay your bills.

Advice to Management

I think they have done a good job of raising standards and although it makes the job more difficult I think it is ultimately worth it.

Other Employee Reviews for Ameriprise

  1. Helpful (1)

    "Use them first before they use you"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Phoenix, AZ
    Former Employee - Financial Advisor in Phoenix, AZ
    Doesn't Recommend
    No opinion of CEO

    Pros

    They will pay for your licensing to get into the Financial Services industry

    Cons

    There is no such thing as work/life balance. Be prepared to sell variable life products and variable annuities, otherwise you won't make any money. You will be limited to selling Ameriprise products and "taught" how to convince people to purchase those products. The commission can be very nice, but it's the client who suffers in the long term.

    Advice to Management

    A boiler room mentality exists and the top-down communication is very poor. It's disgusting to see FVPs and GVPs make the money they do based on the work that the frontline advisor does. If they would allow an open platform instead of limiting the product base, I think people may consider sticking around.


  2. Helpful (3)

    "don't work here unless you are willing to work for little pay and long hours and are willing to be dishonest!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Yardley, PA
    Current Employee - Financial Advisor in Yardley, PA
    Doesn't Recommend
    No opinion of CEO

    Pros

    None. A lot of big promisses... none delivered!

    Cons

    You are expected to work long hours for very little pay. They are most likely violating employment laws. They lie about the amount of money you will make. There is litlie to no training before they expect you to start bringing on clients. The expect you to bring on your family and friends before you are trained and you have any clue about what you are askiing you family and friends to sign up for. 1 in 10 make it past the first 10 weeks... by then they have hooked your family and friends who have signed a 1 year contract and payed a lot of money.

    Advice to Management

    Don't lie or mislead people about this career. Invest in your employees and train them before you ask them to start selling.


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

See Most Recent

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