Do you want to open a business with a finance background? Ameriprise Financial Franchise is one of the best options you can consider for this.
In this article, we will discuss Ameriprise Financial Services Franchise and factors like its profit, expenses, cost, fees, and so on.
We will also guide you on how to become a part of Ameriprise Financial and earn profit. So, let’s get started.
About Ameriprise Financial
Ameriprise Financial was founded in 1894 with the aim – of helping American citizens achieve their financial goals and build confidence in their financial future.
For more than 125 years, they have remained committed to putting clients’ requirements first always.
Ameriprise is a top provider of mutual funds, annuities, financial planning, and insurance. Ameriprise Financial offers a franchise opportunity to entrepreneurs who want to join America’s leading financial company.
The policy of the franchise is very flexible. They never demand any kind of prior experience and also provide a training program and support to franchisees to grow their business.
Ameriprise Financial Services Franchise Model
| Initial Investment | $10,432 to $114,480 |
| Franchise-Fee | $1,500 |
| Royalty-Fee | N/A |
| Area Requirement | N/A |
| Total Outlets | 4246 |
Advantage Of Ameriprise Financial
- Equity ownership
- You can choose your own location
- Office branding assistance
- Access to financing
- Payout up to 91% with deferred compensation potential
- Provide training and support
- Peer-to-peer monitoring
- A strong national brand
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Training & Support
Ameriprise Financial provides an initial training program to all the new franchisees.
This program is around 10 hours, of which 8 hours are spent in classroom training and 2 hours are spent in online training.
The training program is specially designed to give guidance on every aspect that will help you in developing the business.
It includes all basic concepts related to finance and its policies, and it will give a brief of every fact of finance that directly helps you to manage the business.
Subsequently, as per FDD, it is compulsory for the franchisees to attend the training program for the satisfaction of the franchisor, and franchisees also must pay some training fee.
The information related to the training fee is not available for this. You will have to read the Franchise Disclosure Document.
Term & Renewal Of Agreement
The initial length of the Ameriprise Financial agreement is three years. After completing three years of the term, the franchisees are eligible for another consecutive three years renewal of the term, but there are some conditions defined by the franchisor which must be fulfilled by the franchisees.
First, the franchise business should be in good standing, and second, it should generate a decent amount of revenue.
Ameriprise Financial Services Comparison
| Company | Ameriprise Financial Services | H&R Block |
|---|---|---|
| Founded In | 1894 | 1995 |
| Initial Investment | $10,432 to $114,480 | $31,557-$157,898 |
| Franchise-Fee | $1,500 | $2,500 |
| Total Outlet | 4246 | 12,000 |
| Annual Revenue | $11.9 Billion | $3.463 Billion |
Frequently Asked Question
How much does it cost to own the Ameriprise Financial Services franchise?
An initial investment required to open Ameriprise Financial Services Franchise is $10,432 to $114,480.
Is Ameriprise Financial a low-cost investment franchise?
Yes, Ameriprise Financial is a low-cost investment franchise and is also listed in the section for Franchises under $10k.
How many Ameriprise Financial Services franchises are there?
There are more than 4246 units of the Ameriprise Financial franchise across the U.S.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.