Ameriprise
With over 100 years of experience, Minneapolis-based Ameriprise boasts one of the nation's largest network of direct and independent fee-based financial advisors. Formerly American Express Financial Advisors, the company was spun out in 2005. The company owns the RiverSource Investments mutual-fund family. Through subsidiaries and affiliations, Ameriprise also offers insurance products, retirement planning and consumer real estate lending products such as mortgage and home equity.
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Ameriprise Reviews
I have used them for financial planning and insurance. The financial planning is not acceptable for me - I want information that is online and everything they gave me was print.
The home insurance however is pretty great. The rates are low and the customer service outstanding.
Ameriprise does offer the largest network of financial advisors in the country. That said, there are going to be good and bad advisors in that group, surely. Ameriprise has done a great deal in training and investments in their advisor force in the last few years. I think the old practices of selling your own brand has gone out the door several years back, especially with tighter regulatory …"watch-dogging."
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I used Ameriprise for financial planning for two years when I was in school. I hired Ameriprise because I didn't have time to manage my investments myself.
My experience was extremely poor. After I graduated, I audited all the accounts my advisor put me in. I was in mostly Ameriprise institutional funds that were one-star-rated by morningstar!
I asked my financial advisor why he put me in …such low quality funds to which he had no good reply (how could he?). Needless to say, I closed my account and took it to Fidelity.
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Have a Questionabout IRAs?
Michael answered jennifer's question:
opening an IRA
Jennifer, Great question! The difference between the two, in essence, in t...



