Management at Ameriprise

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Jan 17, 2006 3:30 pm

I am considering a non-FA position with Ameriprise.  The role involves supporting the franchisee group's client acquisition efforts, and does not involve acting as an FA.

I have read some of the FA complaints on this board and was wondering if anyone has experience working in management at Ameriprise.  So far,they seem ambitious, positive and professional.  Am I missing something?

Jan 17, 2006 3:51 pm

It’s a tough gig if you look to go to a more reputable firm.  Products and resources are limited compared to many firms out there and you’re often at their mercy when it comes to flexibility.

Jan 17, 2006 3:55 pm

[quote=BrokerRecruit]It's a tough gig if you look to go to a more reputable firm.  Products and resources are limited compared to many firms out there and you're often at their mercy when it comes to flexibility.[/quote]

Are you saying it is hard to move from Ameriprise to a more reputable firm?  Are you familiar with the position I am describing?

Jan 17, 2006 4:10 pm

I’m very familiar with Ameriprise and have some grasp of the position you’re in.  Obviously, if you are a great manager, firms will many times overlook where you’re coming from, but AMP is a tough one to move up with, simply because you’re so tied to “their” model.  Even with a franchise, you are still under their thumb because of the scorecard.

Jan 17, 2006 4:15 pm

[quote=BrokerRecruit]I'm very familiar with Ameriprise and have some grasp of the position you're in.  Obviously, if you are a great manager, firms will many times overlook where you're coming from, but AMP is a tough one to move up with, simply because you're so tied to "their" model.  Even with a franchise, you are still under their thumb because of the scorecard.[/quote]

Thanks...again!  i appreciate the insight.

Although...I would not be working for a specific franchise...but rather supporting the P2 platform in my region as a whole.  Does this make a difference?

Jan 17, 2006 6:08 pm

[quote=Lyle]

[quote=BrokerRecruit]I'm very familiar with Ameriprise and have some grasp of the position you're in.  Obviously, if you are a great manager, firms will many times overlook where you're coming from, but AMP is a tough one to move up with, simply because you're so tied to "their" model.  Even with a franchise, you are still under their thumb because of the scorecard.[/quote]

Thanks...again!  i appreciate the insight.

Although...I would not be working for a specific franchise...but rather supporting the P2 platform in my region as a whole.  Does this make a difference?

[/quote]

You could probably get hired by another insurance company.  You MIGHT have a shot to move up to EdJones, but only if you had really good recommendations.

Jan 17, 2006 6:20 pm

joe,

what if there was a good referral from someone inside American Funds?  Then, couldn't anyone get a job at Jones?

Jan 17, 2006 6:29 pm

Joe, come on…a book of business is a book of business.  An acquaintence of mine went from Amex to Morgan Stanley, which, like MS or not, is a world away from EDJ.

Jan 17, 2006 7:36 pm

[quote=BankFC]Joe, come on...a book of business is a book of business.  An acquaintence of mine went from Amex to Morgan Stanley, which, like MS or not, is a world away from EDJ. [/quote]

lol...I was joking....