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
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.


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
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.


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
Lyle:
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.


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?




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
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.



lol...I was joking....