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truth-09

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Finally dying down?
Jun 8^th, 2009, 7:03pm

Webmaster - what's the deal? I have been reading this garbage on and off for several years. All of the sudden Ameriprise doesn't take TARP money, they fund client's liquidity with their own money while the Reserve fund is frozen, they buy and couple BD's, stop hiring newbies and now the site is showing up mid way through the second page on my Google search. Is everything ok? I mean, holler if you need some content or something, it really seems like this thing is finally starting to die.

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Re: Finally dying down?
Reply #1 - Jun 8^th, 2009, 10:14pm

I can't force people to post if they don't want to so be it. Remember if a company takes TARP then they have to show the books to the gov't and from looking at AMPs Q numbers I could see why as AMP has had some questionable minuses that should be pluses and pluses that should be minuses. We'll see if AMP eats the Reserve loses because your client's money is going to fund the Reserve defense against the AMP lawsuit.

The site will continue even if no one posts as this site takes no effort to run.

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truth-09 Amexsux New User Offline Member of Amexsux Posts: 2	Re: Finally dying down? Reply #2 - Jun 9^th, 2009, 6:18pm WOW - I thought all the posts were b/c of implementing RVS insurance. I guess it really was all about the tough early years in the business as an advisor. A bunch week souls trying to find solace in one another's failures.... Well, it was fun while it lasted. There is always NYL and NWM.
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1styrP1 Platinum Member Offline Member of AMP Nation Posts: 641	Re: Finally dying down? Reply #3 - Jun 9^th, 2009, 6:57pm Man this sites been done since basically February, or whenever it was that Macca botched the basis point thing. That pretty much put the fork in this whole sideshow.
Back to top	Really 5thyrP2, but don't feel like changing the screenname

dreamplanscam Amexsux Junior Member Offline Member of Amexsux Posts: 50 somewhere	Re: Finally dying down? Reply #4 - Jun 9^th, 2009, 7:11pm The site will continue even if no one posts as this site takes no effort to run. Amen. Good for you--keep it going.
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ex- amper

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Re: Finally dying down?
Reply #5 - Jun 11^th, 2009, 5:28pm

I think a major reason the chatter has died down recently on this site is Ameriprise's strategic shift away from hiring P-1 advisors. I think this was a smart move. P-1 was almost always a money loser and the entire P-1 platform has been major fuel for this website over the years. When I worked for Ameriprise it was always very frustrating to see home office take money from the p-2 profits to help subsidize P-1. I think even the most die hard AMP supporters can agree that P-1 gave everyone at Ameriprise a black eye as far as reputation goes.

That being said, it will be interesting to see what happens moving forward with the culture. One thing that the P-1 channel did was create an almost cult like following for the few advisors that actually did make it. Ameriprise has always maintained a high retention ratio among their "successful"advisors because they hit them with so much propaganda along the way that they see the world though an Ameriprise lens - which is exactly the way home office likes it. Most "successful" advisors at Amerirpise are so entrenched in the corporate BS that they really have no idea what the independent world really looks like. As some one who is a former Ameriprise cult survivor, I drank the cool-aid for 15 years before going independent. When I look back over my time spent at Ameriprise I really do feel liberated to be truly objective now, free of any conflict of interests.

Now that Ameriprise has shifted gears to recruit more experienced brokers, they are using the more traditional recruiting tactics of signing bonuses etc. It will be interesting to see how this plays out over the next few years as these new brokers/ advisors will be ready to bolt for whoever will give them the best new deal once their contracts expire. There is also a sense of resentment growing among the existing p-2 advisors as they see all of their profits now going into signing bonus for new "experienced" advisors. Interesting times.

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amp not

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Re: Finally dying down?
Reply #6 - Jun 11^th, 2009, 6:04pm

ex- amper wrote on Jun 11^th, 2009, 5:28pm:

I think a major reason the chatter has died down recently on this site is Ameriprise's strategic shift away from hiring P-1 advisors. I think this was a smart move. P-1 was almost always a money loser and the entire P-1 platform has been major fuel for this website over the years. When I worked for Ameriprise it was always very frustrating to see home office take money from the p-2 profits to help subsidize P-1. I think even the most die hard AMP supporters can agree that P-1 gave everyone at Ameriprise a black eye as far as reputation goes.

That being said, it will be interesting to see what happens moving forward with the culture. One thing that the P-1 channel did was create an almost cult like following for the few advisors that actually did make it. Ameriprise has always maintained a high retention ratio among their "successful"advisors because they hit them with so much propaganda along the way that they see the world though an Ameriprise lens - which is exactly the way home office likes it. Most "successful" advisors at Amerirpise are so entrenched in the corporate BS that they really have no idea what the independent world really looks like. As some one who is a former Ameriprise cult survivor, I drank the cool-aid for 15 years before going independent. When I look back over my time spent at Ameriprise I really do feel liberated to be truly objective now, free of any conflict of interests.

Now that Ameriprise has shifted gears to recruit more experienced brokers, they are using the more traditional recruiting tactics of signing bonuses etc. It will be interesting to see how this plays out over the next few years as these new brokers/ advisors will be ready to bolt for whoever will give them the best new deal once their contracts expire. There is also a sense of resentment growing among the existing p-2 advisors as they see all of their profits now going into signing bonus for new "experienced" advisors. Interesting times.

That or the law suits that have been filed against them that Drucker and CO have filed and yet to be resolved.

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amp not

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Re: Finally dying down?
Reply #7 - Jun 14^th, 2009, 3:40pm

amp not wrote on Jun 11^th, 2009, 6:04pm:

ex- amper wrote on Jun 11^th, 2009, 5:28pm:

I think a major reason the chatter has died down recently on this site is Ameriprise's strategic shift away from hiring P-1 advisors. I think this was a smart move. P-1 was almost always a money loser and the entire P-1 platform has been major fuel for this website over the years. When I worked for Ameriprise it was always very frustrating to see home office take money from the p-2 profits to help subsidize P-1. I think even the most die hard AMP supporters can agree that P-1 gave everyone at Ameriprise a black eye as far as reputation goes.

That being said, it will be interesting to see what happens moving forward with the culture. One thing that the P-1 channel did was create an almost cult like following for the few advisors that actually did make it. Ameriprise has always maintained a high retention ratio among their "successful"advisors because they hit them with so much propaganda along the way that they see the world though an Ameriprise lens - which is exactly the way home office likes it. Most "successful" advisors at Amerirpise are so entrenched in the corporate BS that they really have no idea what the independent world really looks like. As some one who is a former Ameriprise cult survivor, I drank the cool-aid for 15 years before going independent. When I look back over my time spent at Ameriprise I really do feel liberated to be truly objective now, free of any conflict of interests.

Now that Ameriprise has shifted gears to recruit more experienced brokers, they are using the more traditional recruiting tactics of signing bonuses etc. It will be interesting to see how this plays out over the next few years as these new brokers/ advisors will be ready to bolt for whoever will give them the best new deal once their contracts expire. There is also a sense of resentment growing among the existing p-2 advisors as they see all of their profits now going into signing bonus for new "experienced" advisors. Interesting times.

That or the law suits that have been filed against them that Drucker and CO have filed and yet to be resolved.

The harbinger for Justice Harry Markoplous is on 60 minutes this pm.
Nice to see the righteous prevail

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Re: Finally dying down?
Reply #8 - Jun 16^th, 2009, 9:40pm

This site is dying down because AMP is dying down. AMP will always need a steady stream of new advisors thus the purpose of the P1 program. Now without this, AMP is forced to pay more to lure people away or buy other companies with an advisor base. The first one is bad for the client since this comes straight out of the client's accounts and it'll create more conflict for prop products and higher paying, to AMP, products.

Obviously from the latest press release, AMP is going down the second option road. They're now forced to buy new companies just to keep pace of losing advisors and clients. They've bought many companies over the years of this site yet they still fail to show any growth. Now they're also forced into taking it out of the current suckers by charging them more and charging them a yearly "planning fee".

Everything AMP offers bangs the client upfront, in the middle, and in the back. How long can people go before they finally say enough is enough.

AMP buys it's own stock for billions at 45+ bucks a share and now to recoup they're offering stock at 25 bucks a share. They artificially inflate the price up and now they're diluting the shares down. Merry Christmas.

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Find out why American Express and Ameriprise sucks!

Visit http://www.amexsux.com for American Express.
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