WHAT IN THE WORLD ARE THEY THINKING?
Ameriprise Financial is currently running a television commercial with a hippie motif. Under a blaring '60s rock beat the voice-over announcer proclaims:
"You're the generation that gave meaning to the meaningful relationship."
What? Are they out of their frickin' minds? I was there, buddy, and about the last damn thing we had on our minds was a "meaningful relationship."
Ever hear of "free love?" Apparently not...
You can bet your bong that I am not going to place an investment with an Ameriprise Financial Advisor. For being so stupid these guys, and their addled ad agency, should have been headquartered in the World Trade Center.
posted by Robert A. Nowotny @ 2:58 PM
10 comments
10 Comments:
smoke 'em if you got 'em....mrn
Not only would I not use them because of their commercial, I also wouldn't use them because their advice is not very good Ameriprise Sucks.
A big thanks goes to "anonymous" for bringing the Ameriprise Sucks website to our attention. Seems like these guys are as bad, if not worse, than the average brokerage house. We at Needtovent have long maintained that all (yes, we said "all") corporate investment advisor firms are nothing more than circle jerk campgrounds for white collar wannabees. The average Realtor may be smarter -- maybe even the average Congressman.
As for "arnoldtheo36097355 -- is this your prisoner badge number at Leavenworth? A PHD in less than two weeks??? Hell, that sheepskin might even be more worthless than my Master's Degree from the University of Texas at Austin.
wow,,, druggies and college degrees in 2 weeks --- you are definitely the people that should be giving advice about professional firms. no need for you to come here with your future secured at freakin' wal-mart!!!
Whats up guys-
I'm 36 years old and I've worked at Merryl, David Jones, and now I'm at Ameriprise. This is by far the best place I've worked at. As far as it goes with college kids advising, this is simply not true. Every decision is supervised by a manager or field vice president. They are upfront with their fees, whereas most other firms charge back end loads, or sell B class shares. I'm not sure if it's because I working in a Connecticut office, but I've been here for two years and it's very professional, and client oriented. You guys just seem so negative.
Dear anonymous (the 11:45 a.m. one):
Yes, we do tend to be a bit "negative" about things, hence the name of the blog: NEED TO VENT! And we also have, on occasion, gone a bit overboard. As we see it, that's our attempt at simply trying to keep our comments interesting and fun to read.
Concerning Ameritrade in particular, we are fully aware that college kids are not advising clients -- that is another reader's misinterpretation of a prior comment. Having said this, we still maintain that most of the investment advice being proffered these days by investment firms is "dicey" at best. Jeez, if any of the Managers and/or Vice Presidents and/or Analysts actually knew what the future held I doubt they would continue the daily grind of commuting to work, aspiring to get a better office with a bigger window and hoping for a nice Christmas bonus. Wouldn't they, instead, chuck their Connecticut cubicle for a Tahitian beach and simply clip coupons all day long?
As they say, if psychics are so damn smart, how come they always ask you your name when you sit down for a reading?
I used to work for Ameriprise and currently work elswhere in the industry. It is an insurance company (and not a good one) in the guise of a planning firm. Simply look at where the majority of the revenue comes from-insurance. Look at the number of complaints for this firm, the lawsuits and even recent fraud charges for the non-delivery of plans. I will save you the $500.00 dollars;you need disability insurance, life insurance, and to save more for retirement. The older you get the more you need LTC insurance. They will sell you RAVA and a VUl if you let them. They will simply repeat a script, and create a plan that looks like all the other plans. We in the industry make fun of them behind closed doors.
"I'm 36 years old and I've worked at Merryl, David Jones, and now I'm at Ameriprise. This is by far the best place I've worked at. As far as it goes with college kids advising, this is simply not true."
-Why would you take the advice of a man that can't spell Merrill Lynch right or even get Ed Jones correct? He obviously did not work there unless as a janitor-but he most likely works at Ameriprise since they don't know anything about the securities industry. It simply is not a requirement to work there, nor is a background in any sort of business. The plan is a sales tool. They use it to find the money in your budget for their products-ask anyone that works in the field (besides your Ameriprise advisor).
It's great that we still get comments at this posting which dates back almost 18 months. Ameriprise must be to the financial community what KB Homes is to the construction industry and what Anderson Cooper is to broadcast journalism.
Keep the comments coming...
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