8/10

Franchimp Summary Rating

8 /10
Lower than 27% of peers

Franchise Summary

Description
The Independent Advisor will operate a business that offers financial planning, investment advice and consulting services, securities products, insurance products, brokerage services, and other related products under the "AmeripriseFinancial Services, Inc. " name and logo.
Company Background
Ameriprise Financial Services is a financial services company that offers international and domestic investment opportunities, as well as planning for retirement. Ameriprise Financial Services has been helping clients plan for their future since 1935 with a focus on guidance and service. They offer a suite of products designed to meet the needs of every stage in life--from college savings accounts to retirement income strategies, from wealth accumulation strategies to managing risk through insurance coverage.
Franchise Opportunity
People are often intimidated by the thought of meeting with a financial advisor. They may feel like they don't have enough money to invest or that their questions will be too complicated. It's hard to know where to start when it comes to investing and financial planning. Do you go with your bank? A big brokerage firm? Or an independent advisor? Ameriprise Financial Services is different than other financial advisors because we're independent. That means we work for you, not for any specific company or product. We can offer unbiased advice and find the best solutions for your unique situation. Plus, our advisors have years of experience helping people just like you reach their financial goals.
Corporate Structure
Ameriprise Financial Services, Inc. is a Delaware corporation formed on June 14, 1971. They conduct their business under their corporate name, the the “Ameriprise” trademark, “Ameriprise Financial®” registration mark and the “Ameriprise Financial” logo. Their principal business address is 200 Ameriprise Financial Center, Minneapolis, Minnesota 55474.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchise Types Available

# Type Investment Fees

Management Team

# Name Position

Distribution of Ameriprise Financial Franchisees

Ameriprise Financial Franchise System Development in 2024

FAQ

How much investment do I need to start my own Ameriprise Financial business?
Franchisees typically require at least $12,099 to $130,363 investment to get their Ameriprise Financial business started
What are the initial franchise fees for Ameriprise Financial?
Franchisees typically need to pay at least $1,500 in fees directly to Ameriprise Financial in order to earn the right to launch their business
How much money can I make with a Ameriprise Financial franchise? What are the average revenues for a typical Ameriprise Financial business?
We haven’t done the math on how much revenue a typical Ameriprise Financial brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect Ameriprise Financial to generate a similar amount
How long do I need to commit to running a Ameriprise Financial unit? What is my contractual commitment?
Ameriprise Financial franchisees are typically required to sign up to a 3 year contract initially. The renewal length is 3 years. You can of course exit early but don’t expect to get any refund!

Accessibility

8 /10
The Franchisor's investment costs ranges from $12,098 to $130,363 which is Much Lower than the $0 to $0 average in the Financial Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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