Ameriprise
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I do know for a fact that annuity wholesalers (whomever we pick) will NOT be allowed in our offices.
I also know for a fact that Columbia wholesalers will be allowed no matter what…they will be an Ameriprise Company
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[quote=3rdyrp2]
P1 AND P2, or just P1? How is this enforced, and why would they do this? Do they not think this would decrease newer advisors ability to learn about available products as well as learn about HOW the products work? [/quote]From what I heard, just P1. They will do it because they want the reps to sell Riversource only. Sort of blows a huge hole in anabuhabkuss' theory about AMP adopting HRBFA's culture and business model doesn't it???[/quote]
It did blow a hole. The whole thing turned into chaos and as much as I knew that, realistically, what was going on would result in them imposing riversource on us, I did not expect it given how the acquisition/merger was dealt with. Lesson learned.
I'm still in the biz, icecold. I come in to read but don't feel the need to engage with all the **** swinging that goes on here. I'm not with Ameriprise anymore. Working on what happens next. I'm 95% sure I'm going independent.
Run while you still can. amp will only be a good value proposition for the leaders. Indy is the only true way to go!!!
I don’t work for Ameriprise. I had an interview with them two months ago. I liked the manager. This is a former Block office. I don’t know about P1 or P2. We spoke to someone in Minneapolis. The annuity part is true. They only allow 4. One of them is Lincoln, I think Hartford, Riversource, and I forget the other. I don’t sell annuities, so that doesn’t affect me. What did is that I put people into managed accounts, and I manage. The Ameriprise guy in Minnesota said that we could not buy American funds in a managed account. That blew them out of the water. My first thought was…“what else don’t you guys allow…?” Today, I heard from a former AGE broker who is over there. And he claims there are a lot unhappy campers. Even WFA doesn’t restrict products. At least not yet. To me Ameriprise is a closed shop insurance company. No Thanks!