When it comes to "managing" $$, AMP advisors plug in certain criteria into some type of "one size fits all" model to determine your "optimal" asset allocation. This is the most basic, unsophisticated and ineffective way to manage money. Of course, many AMP advisors are straight out of school or flunkies who moved over to Ameriprise from one of the major wirehouses where they were failures.
I totally agree I wanted to buy aapl at $300 and the told me to buy cat instead at 115, now aapl is over $400 and cat is below $85, people actaully pay these fools for advice??? what a bunch of incompetent fools!!!
LPL is another firm you can put in the same camp as Ameriprise.
Experience and having a certain designation(especially a CFP which any Joe Shmoe could get) don't always correlate with advisors who give sound investment advice. The best advisors have a business knack that can't be taught in school and can't be learned through work experience.