Ameriprise now outsources the creation of the financial plan to India
If you read Ameriprise's literature and web site, they talk of the virtues of how they customize each financial plan for each individual's needs and goals. Not so fast. An ex-employee just posted on the message boards that advisers can use an India outsourcing firm called PlanSource to generate this "tailored" financial plan. While I don't have a problem with companies from India, I'd be concerned about having my financial information shipped overseas. Also, I'd be extremely skeptical that the so called tailored financial plan would be generated by someone who probably doesn't understand the US market. This company always looks at ways to cut costs and if it's at the expense of the client so be it.