1894
3800
$11,434
$1,500
$138,759
No
Ameriprise Financial Advisors Inc., formerly known as American Express Financial Advisors, is a distinguished financial services firm headquartered in Minneapolis, Minnesota. With a legacy dating back to 1894, Ameriprise offers a comprehensive suite of services, including wealth management, asset management, insurance, annuities, and estate planning. The company operates under the Ameriprise Financial, Columbia Threadneedle Investments, and RiverSource brands, serving clients across the United States and globally.
As a franchisee, you gain access to a robust business model that combines the strength of a reputable brand with the autonomy of independent operation. This unique structure allows you to leverage Ameriprise's extensive resources while building your own client base and practice.
Established Brand Legacy: Benefit from over a century of industry experience and a trusted reputation in financial services.
Comprehensive Support: Receive extensive training, marketing resources, and back-office support to help you succeed.
Flexible Business Models: Choose from various business models that align with your professional goals and preferences.
Growth Opportunities: Engage in practice acquisition programs to expand your client base and business reach.
Competitive Compensation: Earn through a combination of fees, commissions, and potential bonuses, with opportunities for significant income growth.
1. Established Year:
The company was originally founded in 1894 as Investors Syndicate by John Elliott Tappan, making it one of the oldest financial advisory institutions in the United States. Over the decades, it has evolved, merged, and rebranded into what is now Ameriprise Financial Advisors Inc., formerly a subsidiary of American Express.
2. Founders and Brand Journey:
Founder: John Elliott Tappan
Journey: Started as a small investment company, focusing on personalized financial services.
Acquisition by American Express: In 1984, it became part of American Express, expanding its reach and resources.
Rebranding to Ameriprise Financial: In 2005, the company became independent from American Express and was rebranded as Ameriprise Financial, Inc., strengthening its identity as a leading wealth management and financial advisory firm.
3. Franchise Units:
Currently, there are over 3,800 franchise units across the United States.
Franchisees operate under the Ameriprise brand while managing their independent advisory practices.
4. Ownership:
Ameriprise Financial is now a publicly traded company, listed on the NASDAQ under the ticker AMP.
Though it originated from American Express, it now operates independently while maintaining a strong brand reputation.
5. Market Presence in the USA:
Ameriprise is one of the largest financial advisory networks in the U.S..
Services include wealth management, financial planning, asset management, retirement planning, insurance, and annuities.
Serves a broad range of clients, from individual investors to high-net-worth clients.
6. Industry Category:
Falls under Financial Services, specifically in wealth management, financial advisory, and insurance.
7. Additional Information:
The company has a long-standing reputation for trust, reliability, and client-focused services.
Its advisors are supported by advanced financial tools, training programs, and marketing support, allowing franchisees to operate efficiently and grow their client base.
The brand is known for emphasizing ethical financial advice, professional development, and long-term client relationships.
Ameriprise Financial Advisors offers a comprehensive support system designed to help franchisees succeed, from pre-launch through ongoing operations. This includes operational guidance, marketing assistance, technology support, and professional development.
Licensing & Compliance Assistance: Franchisees receive guidance to obtain required financial licenses (e.g., Series 7, Series 66, insurance licenses) and ensure regulatory compliance with SEC and FINRA rules.
Practice Setup: Help with establishing your office, infrastructure planning, and administrative setup.
Business Planning: Franchisees are provided with strategic business planning support to define target markets, revenue goals, and growth strategies.
PracticeTech Platform: Access to Ameriprise’s proprietary technology platform for client management, financial planning, reporting, and portfolio tracking.
Back-Office Assistance: Dedicated support team for operations, compliance, and administrative tasks, so franchisees can focus on client relationships.
Ongoing Performance Monitoring: Tools and dashboards to monitor business performance and optimize operational efficiency.
National Marketing Campaigns: Franchisees benefit from Ameriprise’s brand awareness campaigns across digital, print, and broadcast media.
Local Marketing Guidance: Customized strategies for community outreach, client seminars, and digital marketing to attract local clients.
Brand Resources: Access to marketing collateral, client engagement materials, and digital content to maintain a consistent professional image.
Initial Training Program: Covers financial advisory skills, client acquisition, compliance, and product knowledge.
Certification & Continuing Education: Opportunities to earn professional designations and maintain licenses through ongoing training.
Leadership & Management Courses: Helps franchisees develop leadership, staff management, and business growth skills.
Advisor Support System: Personalized guidance from senior advisors and corporate mentors for strategy, growth, and client management.
Practice Acquisition Support: Assistance with identifying and acquiring established practices to expand business reach.
Technology Upgrades & Updates: Continuous improvements to software and digital tools to enhance operational efficiency.
Peer Networking & Conferences: Access to franchisee networks and industry events for collaboration, knowledge sharing, and business development.
Ameriprise Financial Advisors seeks franchisees who are motivated, client-focused, and business-savvy, with a passion for helping individuals and families achieve their financial goals. The ideal candidate combines professional expertise with entrepreneurial drive to build a sustainable and profitable advisory practice.
Financial Services Experience: Individuals with prior experience in financial planning, wealth management, insurance, or investment advisory roles are highly preferred.
Business or Sales Experience: Experience in managing a business, leading teams, or generating sales is beneficial, as franchisees are responsible for client acquisition and practice growth.
Educational Qualifications: While not strictly required, degrees in finance, business administration, economics, or related fields strengthen credibility and client trust.
Self-Motivated and Goal-Oriented: Franchisees must be proactive in managing their practice, setting targets, and achieving growth.
Leadership and Decision-Making: Ability to make strategic decisions, manage staff or associates, and handle operational challenges.
Risk-Taking with Responsibility: Comfortable investing time and resources into building a client base while managing business risks prudently.
Relationship-Focused: Commitment to building strong, long-term relationships with clients.
Ethical and Trustworthy: High standards of integrity and professionalism to uphold the brand’s reputation.
Excellent Communication Skills: Ability to explain complex financial concepts in a clear and understandable manner.
Financial Resources: Capacity to cover initial investment, franchise fees, working capital, and marketing budgets.
Long-Term Vision: Prepared for a steady growth model, understanding that building a profitable advisory practice may take several years.
Flexibility: Open to establishing practices in locations with growth potential, from urban centers to suburban markets.
Community Engagement: Willingness to actively engage with the local community to attract and retain clients.
Passion for Finance and Helping Others: Genuine interest in financial planning and guiding clients toward financial security.
Adaptable and Resilient: Ability to adapt to evolving market conditions and regulatory changes.
Continuous Learner: Commitment to ongoing professional development and staying updated on industry trends.
Total Investment Required: Approximately $9,933.88 to $138,759.49, depending on the chosen business model and location.
Minimum Investment Required: Starting from $11,434, covering initial fees and setup costs.
Franchise Fee: $1,500, which includes initial orientation and training programs.
Royalty Fees: Typically range from 4% to 8% of gross sales, contributing to ongoing support and brand development.
Marketing Budget: Franchisees are encouraged to allocate funds for local marketing efforts, with support from Ameriprise's national campaigns.
Working Capital: Sufficient capital to cover operational expenses during the initial phase of the business.
Expected ROI: Potential for significant returns, with income derived from fees, commissions, and bonuses.
Break-Even Time: Varies based on individual performance and market conditions, with many franchisees achieving profitability within the first few years.
Revenue Streams: Earnings from financial planning services, investment products, insurance sales, and practice acquisition opportunities.
Investing in an Ameriprise Financial Advisors franchise offers a unique opportunity to enter the financial services industry with the backing of a reputable and established brand. With comprehensive training, ongoing support, and a proven business model, you can build a successful and rewarding practice dedicated to helping clients achieve their financial goals.
