AMERIPRISE FINANCIAL SERVICES LLC

Item 7 lays out an accessible entry: $1,500 franchise fee and total initial investment spanning $12,098 to $130,363, covering setup for independent advisor operations offering brokerage, planning, insurance, and more. No royalty or ad fund bites into revenue—instead, franchisees share client sales proceeds after fixed monthly fees totaling $1,344 low-end ($290 association dues + $167 E&O insurance + $575 tech + $287 supervision + $25 network) up to $3,536 high. This structure suits advisors building books of business nationwide, but the absence of Item 19 means no disclosed average revenues or profits, forcing buyers to model earnings from personal networks rather than system averages.

System metrics reveal maturity with 3,855 franchised locations plus 1,723 corporate, though total units contracted 5% from 3,919 in 2023 to 3,716 in 2024. High transfers (536) suggest active marketplace for practices, while terminations (147) and minimal non-renewals (3) indicate retention, with 19 projected new units signaling modest expansion. SBA data shines: 450 loans averaging $655,021 and a tiny 0.2% default rate underscore financing ease and franchisee success. One pending FINRA arbitration over a former franchisee's alleged breaches adds minor noise—prospective buyers should probe revenue-sharing math, contraction drivers, and litigation resolution to gauge true scalability.