Ameriprise Financial: Latest Job Openings, Reviews and Ratings & Profile wise Salary Distribution

Ameriprise Financial Careers & Info

Current CEO: James Cracchiolo

Status: Active

In 1894, John Tappan founded what is now known as Ameriprise Financial, Inc. It is one of the largest providers of insurance, annuities, mutual funds, and financial planning.

The company's original name was Investors Syndicate, although it underwent several name changes until 2005, when the "Ameriprise Financial" name was adopted from American Express. Headquartered in downtown Minneapolis, where the company settled in 1974 when it was still named Investors Diversified Services, Ameriprise is actually one of the first companies to introduce a mutual fund: the Investors Mutual Fund, still one of the largest in the world.

In 2006, Amerprise launched the Ameriprise Bank, FSB, creating even more Ameriprise Financial careers and then debuted at 297 the following year on Fortune 500's list. In the following years, it acquired H&R Block, J.&W. Seligman & Co., and Columbia Management. Although it was affected by the American financial crisis in '08, Ameriprise was one of the few institutions not to accept bailout funds from the federal government. The company often boasts this statistic in its advertisements.

Since its inception, Ameriprise has overseen the investment of billions of dollars, working directly with clients to meet each one's individual needs. Currently listed on the New York Stock Exchange as AMP, the company now employs just over 10,000 financial advisors and representatives to work with its customer base, roughly 3 million people, on improving income, wealth transfer and management, asset protection, cash liquidity, annuities, insurance, and estate planning.

Advisors working at Ameriprise Financial are associated with Ameriprise in one of four ways:

• 60 percent independent contractors, not employed by Ameriprise Financial but still licensed, registered representatives.

• 25 percent employed directly by Ameriprise, working in the local offices.

• 120 advisors at the corporate level who've received specific training by Ameriprise as part of the AAC (Ameriprise Advisor Center) and are allowed to assist clients by telephone exclusively. These advisors all hold Series 7 and Series 63's, as well as additional merits.

• Other associate advisors under the employ of independent contractors.

Ameriprise encourages its advisors to embrace the Ameriprise culture by becoming Certified Financial Planners, and many of them are, in addition to holding insurance licenses and Chartered Retirement Planning Counselor designations. Others hold designations like the ChFC and the CLU, which yield further Ameriprise benefits for themselves.

What jobs pay the most at Ameriprise Financial?

Field Vice President is the highest paying job at Ameriprise Financial at $201,000 annually.