Ameriprise Financial Advisors

Customer Service

Don’t give your money to Ameriprise Financial Advisors – they will pigeon hole you into whatever funds they are getting bonuses for.

When the market tanked, my guy never even sent me an email (forget about an actual phone call) to let me know that my account had lost more than a luxury auto would cost in one month and to suggest any alternatives.

When I contacted him and asked if there were any other better funds for my account, he basically just told me that I should stay put.

When I started looking closer at my situation, I spoke with other financial advisors who alerted me to the fact that if I kept my account in these funds that not only would I have severe losses, but that there was going to be a capital gains accrued that would have to be paid come tax time.

The only way I could avoid taking the hit was to sell the funds before the year ended.

I called my guy to ask him about this and his reply was “well, that’s true but I was going to move you out of this before the cutoff date”

Yea, right….bottom line, I pulled up my stakes and got the heck out of dodge.

The biggest problem with Americrime is that they nail you with fees when you buy a fund, so your advisor will likely hold you in the fund until you recoup the money otherwise you’ll just get hit with more fees when he moves you.

This makes it unlikely you will have a guy that really works your money, he’ll just cost average you to death with lousy funds.

It’s the McDonalds of financial advisors….
Caviat emptor.

Is Ameriprise Financial Advisors legit?
Ameriprise Financial Advisors is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 6 consumer(s) was/were given a Ameriprise Financial Advisors as a negative rating, and only a few left positive feedbacks.
Where is Ameriprise Financial Advisors located?
Ameriprise Financial Advisors is headquarted at 455 Market St Ste 1480 San Francisco, CA 94105. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact Ameriprise Financial Advisors by dialing (415) 777-1716 or visit their website N/A.
How much monetary loss is incurred by Ameriprise Financial Advisors’s customers?
According to the reviews posted by Ameriprise Financial Advisors’s customers, US $1433 was the total loss incurred, and hence the severity of the scam is extremely low.

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6 Reviews on Ameriprise Financial Advisors

  1. I sensed that he had something to say....

    Troy Evans started out as much as a personal counselor as a financial advisor, and I really am not sure which he does better. My dad had just passed away, and I know nothing about money, or estate planning (though I am an attorney – shame on me, right?).

    I call up Troy, and after a brief discussion to learn that I was in the right place, I thought he’d schedule something a week or two out, but instead, he said he was going to grab lunch and wanted to see if I was available anytime that afternoon after 30 minutes! AWESOME.

    Already feeling better, I gather my stuff, head on over, and we talk. First thing I noticed, he really didn’t care about the numbers or how much I had to invest, he wanted to know what concerns I thought I had, and what immediate questions I had.

    While we discussed everything about my parents’ lives and finances, and my life plans over the next 50 years, I sensed that he had something to say….

  2. Never Again

    Kate Wilusz recently spoke at a Future Women Leaders event in San Francisco entitled: Personal Financial Planning 101. Just to provide some background – Future Women Leaders is a 501(c)(3) non-profit organization that enables women in the San Francisco Bay Area to further develop themselves personally/professionally- and the purpose of the event was to provide an overview of money management and to instill attendees with a feeling of empowerment so they are better able to manage their own finances.

  3. Never Again

    Even worse, after he lost almost a third of my original investment, Troy just stopped working on my account. He was still charming and personable on the phone, but when I asked for my financial plans, he couldn’t find them. When I wanted him to transfer money to a Roth IRA at the end of the year, he couldn’t be found.

    When I wanted him to re-do my financial plan and re-balance my portfolio, he made up one excuse after another about why he couldn’t do it. When I called him during ski season, he was always on the slopes. While my financial life was falling apart, he seemed to be doing great.

    And then, after years of being told by Troy that I had to be in it for the long-run,Troy dumped my account to the national Ameriprise team without even so much as an “I’m sorry.”

    I talked to another friend who had had the same experience with him. What we didn’t know then was that he had apparently gotten some business with employees from Genentech and didn’t need to bother with his old clients now that he had his next cash cow. Nice guy.

  4. Bad Service Provide

    Troy Evans of Ameriprise did a great job pretending to be my “financial planner,” when he wanted me to buy his investments, but when they went bad and my financial life was in ruins, he did absolutely nothing to help me.

    I was a single mom with two kids, a mortgage and college education a few years away when I came to TroyEvans of Ameriprise for help. I had one lucrative stock from a work situation that, as Troy said, was enough to live on for the rest of my life if it was managed correctly. Unfortunately, Troy didn’t do this.

    Instead, Troy took my money, put it in completely risky investments (google Inland American REIT, which I still can’t get out of eight years later) and then didn’t do another thing for me except sell his bad investments.

    He lied to me about Inland American, saying I shouldn’t worry about the paperwork that said it could be a very long-term investment. When I called him worried about my investments just prior to the crash, he told me it was novice investor jitters and that I should just hold tight.

    When I called and asked if I should have the kids’ college money in a 529 plan or some other safer investment tool, he said no, that he thought it would do much better with him.

    What I didn’t know was that Troy wasn’t really developing the best financial plan for me. He was developing a financial plan that would make him money.

  5. Ameriprise is one of the worse companies I have ever encountered.

    Ameriprise is one of the worse companies I have ever encountered. The fees are astronomical, the service is poor. They recommend investing in funds that have high fees and front end loads. It is definitely not a good idea to deal with them.

  6. Constantly trying to recruit advisors from our firm by offering them cash.

    Constantly trying to recruit advisors from our firm by offering them cash. The last guy who called from Ameriprise offered our top guy $10 million to join them and our guy said no way. I wonder how much they pad their client fees to be able to afford stealing other firms advisors with that kind of money !

Reported Loss :1433 $
Severity of Scam :Extremely Low
Reported by : Anonymous
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