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Fees on Ameriprise’s Managed Accounts: Highlights
• Investing accounts at Ameriprise Financial have a variety of fees and minimums, depending on the exact account setup.
• Commission-free trading is not available in brokerage accounts at Ameriprise.
• Financial-planning has a separate pricing schedule.
Before opening any type of investing account with Ameriprise Financial, be sure you fully understand its fee schedule for such accounts.
Fees for Advisory Accounts at Ameriprise
Investment-advisory accounts at Ameriprise are charged a recurring management fee, which varies according
to the package chosen. In any case,
Ameriprise advisory fee will not exceed 2% of assets under
management per year. The exact fee will be disclosed at the point of account opening.
In addition to the standard management fee, Ameriprise may charge managed accounts extra fees for additional services. These, too, must be disclosed by Ameriprise in writing. There are no commissions charged on trades inside managed accounts, however.
Ameriprise’s investment-advisory accounts do have minimum-deposit requirements. These range from $25,000 up to $500,000, depending on the program and strategy chosen. Here are some examples we found during our research:
| Investment strategy | Household minimum | Initial account minimum | Maintenance account minimum |
|---|
| SPS Advantage | $25,000 | $2,000 | $1,000 |
| SPS Advisor | $100,000 | $2,000 | $1,000 |
| Active Portfolios® | n/a | $25,000 | $15,000 |
| Select Separate Account | n/a | $50,000 - $100,000 | n/a |
The minimums listed above could be lower in some cases. For example, an Active Growth Builder Portfolios within the Active Portfolios program only requires a $5,000 deposit and $4,000 to maintain the account.
Fees for Brokerage Accounts at Ameriprise
Self-directed accounts at Ameriprise have no minimums and no advisory fees. While this policy does represent an improvement over the managed accounts, the drawback is the assessment of trading fees and annual flat account fees. Transactions of securities will come with commissions, the full list of which will be disclosed in writing during account opening. Here are a few examples:
| Transaction fee on mutual funds | $39.95 |
| Retail order handling fee | $6 |
| Late trade settlement | $15 |
| Treasury Auctions | $40 |
The annual fees are as follows:
| Standard brokerage account | $100 |
| Custodial account | $50 |
| Late trade settlement | $25 |
| T Ameriprise ONE® | $100 |
| Coverdell account | $10 |
| IRA | $75 |
| Custodial 401(a) | $75 |
The yearly fees can be avoided in a variety of ways. For example, customers who are Achiever Circle Elite members pay no annual fees. It does take $500,000 in household assets to enter this program.
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Margin Lending
Ameriprise brokerage customers can borrow money to buy more securities. Borrowing money does come at a
cost, of course, although Ameriprise’s margin schedule is in line with industry norms. It starts at
13.75%
and drops to 10.75% for loans above half a million dollars.
Ameriprise ONE® Financial Account
Ameriprise offers a hybrid cash-brokerage account called the Ameriprise ONE® Financial Account. This super-charged investing account could come with additional fees on some of the cash products. Here are a few examples:
| Debit card | Free |
| Checkbook | First one free, additional orders go through Deluxe |
| Forex fee on debit-card transactions | 1% from Visa (not from Ameriprise) |
There is a $500 minimum on the Ameriprise ONE® account.
Miscellaneous Fees for Investing Accounts
Brokerage and investment-advisory accounts could be subject to other fees, depending on the account event. Here are a few examples:
| Estate Settlement and Processing Fee | $200 |
| Physical Custody - Foreign Security | $100 per position |
| Physical Reorg Deposit | $70 per CUSIP |
| Research | $25 per hour |
| Restricted Transaction | $100 per transaction |
| ACATS Transfer Out | $125 |
| Wire Transfer Out — Domestic | $30 |
| Wire Transfer Out — International | $35 |
Ameriprise Fees for Financial Planning
Brokerage and advisory customers are eligible for a great deal of assistance and recommendations from their financial advisors at Ameriprise. In some cases, the fee for financial planning will be included in a customer’s annual advisory fee, which means there is no additional cost for a personalized financial plan, which could include recommendations and guidance for all sorts of issues, ranging from taxation to insurance to retirement planning. In other cases, there could be a fee, which starts at $50 per month (or $500 per year). Complex cases will definitely be higher than this minimum level.
Ameriprise Fees Waivers and Reductions
The fees listed in this article could be reduced or waived entirely in certain situations. For example, the $200 estate processing fee listed above is waived by Ameriprise if the total claim is under $5,000 or if the decedent is under 21 years of age. Also, Achiever Circle Elite members get discounts on all sorts of services, including ATM fees incurred with the Ameriprise debit card.
Updated on 1/1/2025.
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