Client fees
Now that my accounts are with Ameriprise Financial, can I expect any of the fees I pay to change?
Most of the fees you pay have stayed the same. However, there have been some fee changes related to your accounts moving to Ameriprise Financial. A few have increased, others have been reduced. Most of the fee increases are related to occasional, or one-time fees. Most of the decreases are for regular, recurring fees. See the charts below for an overview of the most common fees paid by our clients.
What fees have been be reduced?
Many common recurring fees have been reduced. These include client-placed equity trade fees (by almost one third), client-placed options trades (by 50 cents per share), IRA custodial fees (by almost 20%) and nonqualified account fees (by almost one-third).
Please see the table below for more details.
Have any fees increased?
Yes, several transactional fees that clients do not incur on a regular basis have increased. These include the order handling, late trade settlement, duplicate trade confirmation, duplicate tax settlement, legal transfer, stop payment, re-issue, limited partnership and account closing fees.
One fee that clients pay on a regular basis has increased: the nonqualified account fee has increased from $60 per year to $80 per year (paid at $20 per quarter).
Please see the table below for more details.
Reduced fee changes
Many common recurring fees have been reduced.
| Current fee | New fee beginning on or around Oct. 5, 2009 | |
|---|---|---|
| Client-placed equity trade | Online: $29.95 plus $0.03 per share over 1,000 shares Phone-in: Current commission schedule |
Online: $19.95 plus $0.03 per share over 1,000 shares Phone in: $75 plus $0.03 per share over 1,000 shares |
| Client-placed options trade | Online: $19.95 plus $2.50 per contract ($35 overriding minimum) Phone-in: Current commission schedule |
Online: $19.95 plus $2.00 per contract ($35 overriding minimum) Phone in: $19.95 plus $2.00 per contract ($35 overriding minimum) |
| IRA custodial | $50 annually Fees are waived if the account is $30,000 or more |
$40 annually Fees are waived if your household has $100,000 or more in assets with Ameriprise Financial |
| Nonqualified account | $15 per quarter for an Investor Account Investor Account fees are waived if:
|
$10 per quarter for an Ameriprise Brokerage Account The quarterly account fee is waived if:
|
Increased fee changes
Many of these fees are not common for our broad client base.
| Current fee | New fee beginning on or around Oct. 5, 2009 | |
|---|---|---|
| Advisor-placed trades | Equities: Negotiated Commission**
|
Equities: Negotiated Commission; $50 minimum** |
| Fixed Income: Negotiated Commission or Mark-up/Mark-down Schedule | Fixed Income: Negotiated Commission ($50 minimum) or Mark-up/Mark-down Schedule | |
| Options: Negotiated Commission | Options: Negotiated Commission; $42 minimum | |
| ** Additional $0.03 per share over 1,000 shares | ** Additional $0.03 per share over 1,000 shares | |
| Order handling | $5.50 | $6 |
| Nonqualified account | $60 per year for Premium Account features Premium Account features fees are waived if you have them linked to a Premier Advisory Account. |
$20 per quarter for the Ameriprise ONE® Financial Account features The quarterly account fee is waived if:
|
| Late trade settlement | No charge | $15 ($30 maximum per day) |
| Duplicate trade confirmation or fax statement | No charge | $5 |
| Legal transfer | $15 | $30 |
| Stop payment or re-issue fee | Written by client: $15 Written by home office: $25 |
|
| Limited partnership | No charge | $75 per year |
| Account closing fee | $0 | $100 |
Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. Some products and services described may not be available in all jurisdictions or to all clients.
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Contact us
If you have any questions, please contact your financial advisor or call us at:
1 (866) 295-7912
Monday - Friday
7:00 a.m. to 6:00 p.m. CT