RiverSource Life insurance companies* has a long history of meeting our clients’ needs through our strength, stability and expertise. We're committed to serving the needs of our clients by offering a range of products and services that provide the flexibility they need and the stability they desire as they live for today, make plans for retirement and prepare a personal legacy.
RiverSource Life is the insurance subsidiary of Ameriprise Financial, Inc. and RiverSource Life of New York is a subsidiary of RiverSource Life. Ameriprise is a diversified financial services company (NYSE: AMP) headquartered in Minneapolis, Minnesota. RiverSource Life is one of the nation's largest life insurance companies**, and a leader in fixed and variable life insurance, disability income insurance, and variable and structured annuities.
RiverSource Life was founded in 1957, and RiverSource Life of New York was founded in 1972, and we trace our roots to 1894. For decades, we've been honoring our commitments to help clients grow their assets, manage income and protect what matters most.
* RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York (collectively, RiverSource Life)
** Collectively, RiverSource Life is ranked the nation’s 23rd-largest life insurance company of 711 companies based on total assets as of 12/31/2024. Source: 2025 ACLI Life Insurers Fact Book.
RiverSource Distributors, Inc. (Distributor), Member FINRA. Issued by RiverSource Life Insurance Company, Minneapolis, Minnesota, and in New York only, by RiverSource Life Insurance Co. of New York, Albany, New York. Affiliated with Ameriprise Financial Services, LLC.
Pros: RiverSource offers a good level of job security within the broader Ameriprise Financial structure. The work itself, in areas like financial analysis, provides ample opportunities to learn about the insurance industry. Teamwork is often strong, and there's a genuine sense of collaboration on projects. The hybrid work arrangement is appreciated, offering flexibility while still maintaining team connection.
Cons: While many managers are supportive, the overall strategic communication from senior leadership could be clearer. Sometimes, it feels like the 'why' behind certain decisions isn't fully conveyed, which can impact morale. Career progression can also feel a bit opaque at times; understanding the exact steps needed for advancement isn't always straightforward.
Advice to Management: Focus on enhancing communication from senior leadership down to all levels. Clearly articulate strategic goals and the reasoning behind significant changes. Also, consider formalizing career development paths to give employees a clearer roadmap for advancement within the company.
Show more
Pros: The company offers predictable work and generally good job security, which is a big plus in the insurance sector. Teamwork is strong, and my colleagues were always willing to help out. I appreciated the hybrid work model, allowing for a decent balance between remote and in-office time. The benefits package is competitive for the Minneapolis area.
Cons: While there are opportunities to learn, formal career growth paths could be clearer, and sometimes it feels like processes haven't kept up with modern technology. Some management decisions felt a bit disconnected from the day-to-day realities of operational roles. Advancement often relies on tenure rather than merit alone.
Advice to Management: Focus on streamlining operational processes and providing more transparent, merit-based pathways for career progression within the company.
Show more
What is the typical salary range for a financial advisor at RiverSource, and is there room for negotiation?
I found the salary range for financial advisors in the insurance industry at companies like RiverSource to be quite competitive, with some flexibility for experienced candidates during the hiring process.
What kind of benefits can I expect as an employee at RiverSource in Minneapolis?
As a financial services professional at RiverSource, I've found their benefits package to be quite comprehensive, including health insurance, retirement savings plans like a 401(k) with a company match, and paid time off. They also offer wellness programs which are a nice perk for the large team here.
US
