Becoming a Financial Advisor with Ameriprise?


Question:
I was offered to be a financial Advisor with Ameriprise a.k.a American Express. Is this a good job? Are there any people out there who are Financial Advisors who could give me a bit more information about it? This is a huge company, but I'm not so sure about the selling/cold calls if I will have to do anything like that or if they supply you with leads, clients etc. Any info you have would be great! Thanks!

Answer:
Everyone is offered the opportunity to be a Financial Adviser with Ameriprise. You will work very hard (after you get your7) for a very long period of time selling - if you can hang in there, you could be very successful (as with any career, I suppose) - I had the opportunity "offered" to me 10 years ago when it was American Express - I had my license and they wanted me right away - but I was already at another firm doing the same thing, so I politely declined. I then went to work at a discount firm and then an on-line trading firm - a good portion of people that come into my training classes come from Ameriprise and Edward Jones.the turnover rate for those organizations (as well as other sales organizations I suppose) is very high.
Usually when selling insurance or annuities (or anything related to that) financial advisors will have to find their own leads. It's hard work because you have to prospect new clients, you might have to start with your parent(s), and have them help you network. I was an insurance for a while and one thing that turned me off to the career was people asking for a meeting to talk about my services and then cancelling at the last second.
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