Manage Your Investments with an Ameriprise ONE^® Financial Account

An Ameriprise financial advisor’s experience and knowledge can help facilitate investment selections that meet your unique financial goals. The Ameriprise ONE Financial Account offers a broad range of investment choices including:

• Mutual funds
• Stocks and bonds and more

An Ameriprise ONE Financial Account serves as a financial hub that allows you to consolidate cash and investments in a single account where you can enjoy the benefits of brokerage and banking. Start managing your financial life with more efficiency and open an Ameriprise ONE Financial Account today.

Through your brokerage or Ameriprise ONE Financial Account you’ll have easy access to these investment options:

• Stocks
• Bonds
• Margin
• Options
• Additional investment alternatives

You can trade stocks listed on the NYSE, AMEX or NASDAQ exchanges, as well as unlisted stocks that trade over the counter (OTC). How you trade is up to you — through your financial advisor, online, our automated phone system or with a licensed service representative.

Bonds, also known as fixed-income securities, generate a fixed amount of income each year that's determined when the bond is issued. Bonds are usually issued in increments of $1,000. Ameriprise Financial has a dedicated bond desk to help you find fixed-income products that meet your needs.

The Ameriprise ONE Financial Account and Brokerage allow you to trade the following fixed-income products by phone:

• Corporate Bonds
• Municipal Bonds
• U.S. Treasury Bills, Notes, Bonds and Zeros
• Agency Securities
• Collateralized Mortgage Obligation
• Government National Mortgage Association (Ginnie Mae)
• Government Securities Income Fund (GSIF)
• Unit Investment Trust (UIT)

Margin lending lets you borrow against the value of your investments to free up cash flow. This relatively low-cost source of funds can be used strategically to make purchases or to cover overdraft spending. Advantages include:

• Convenient, easily accessible line of credit
• Competitive rates and easy setup
• No closing cost or application fee
• No set repayment schedule
• Margin interest might be tax deductible, but might be limited to your net investment income (ask your tax professional)

Margin is an extension of credit and is not appropriate for all investors. Before using margin, you should understand the risks of margin borrowing. For example, if the value of the securities falls below the required minimum equity level, a maintenance call will be issued. You may be required to deposit additional cash or securities or to sell existing securities to meet the call.

If there is a significant market decline, you may be left with a margin loan greater than the market value of the securities in the account and will be required to cover the deficit. Thus, you can lose more funds than you deposit in a margin account.

Options are contracts that give the holder the right to buy or sell securities at a set price over a certain period of time. Investors often use them to protect, or hedge, an existing investment. There are two types of options contracts: a "Call" and a "Put."

• Calls — If you buy a call, you are buying a contract that gives you the right to buy 100 shares (on average) of a specific stock (the "underlying" security) from the option writer at a specific and fixed price (the "exercise" or "strike" price), at any time up to the expiration date of the contract. If you sell (write) a call, you are accepting the obligation to sell the stock to the call buyer at the strike price at any time, at the buyer's discretion, up to the expiration date.
• Puts — If you buy a put, you are buying a contract that gives you the right to sell 100 shares of a specific stock at a fixed price (the "exercise" or "strike" price), at any time up to the expiration date. If you sell (write) a put, you are accepting the obligation to buy stock from the put buyer at the strike price at any time, at the buyer's discretion, up to the expiration date.

The variety of investing strategies that are possible with options is practically limitless. An options strategy may involve only one type of option, or more than one. It may involve selling options or buying them-or selling one option and buying another. It may or may not be related to securities you already own. Your financial advisor can help you determine which if any options-based strategies might be appropriate for your portfolio.

The most familiar options are those issued on common stock. These are known as "equity options." Options are also issued on indices such as the S&P 500 and the S&P 100. These are known as "index options."

Options Advantage: Leverage

Basically, leverage is the ability to obtain a disproportionately large gain on a small amount of invested capital. To demonstrate leverage in action, compare the investment returns on buying 100 shares of stock for cash in full at $90, with buying a call on the same number of shares with a strike price of $90, as the stock moves from $90 per share to $100 per share.

Stock/Call Table (Hypothetical)
Buying the Stock		Buying the Call
Original Purchase	$9,000	Original Purchase	$300
Sell the Shares	$10,000	Sell the Call	$1,000
Gross Profit	$1,000	Gross Profit	$700
Less Commissions	$40	Less Commissions	$58
Net Profit	$960	Net Profit	$642
Return on Trade	11%	Return on Trade	214%

Although the actual dollar amount of the profit you've made on your hypothetical stock trade is greater than that made on the options trade, the overall rate of return - given the amount of money invested in each trade - is much greater with an option (11% for the stock vs. 214% for the option).

Options Risk: Loss of Capital

Using the same purchase information as above, assume the stock price does not increase. At expiration of the option the results are significantly different.

Stock/Call Table (Hypothetical)
Buying the Stock		Buying the Call
Original Purchase	$9,000	Original Purchase	$300
Sell the Shares	$9,000	Option Expires	$0
Gross Loss	$0	Gross Loss	$300
Plus Commissions	$40	Plus Commissions	$0
Net Loss	$40	Net Loss	$300
Return on Trade	-0.4%	Return on Trade	-100%

Options involve risk and the potential loss of capital, and are not suitable for all investors. Prior to trading options, you must receive and review a copy of our Options agreement and a copy of "Characteristics and Risks of Standardized Options" published by the Chicago Board of Options Exchange. Please be sure you read and understand this booklet before you apply for options trading. The signed agreement must be received and the account approved for options trading prior to placing your first order. To request an option application or to place a trade, please contact an Ameriprise Financial representative at (800) 297-7378.

We offer a range of specialized investments including certificates of deposit (CDs), publicly available unit investment trusts, closed-end funds, preferred stock and insurance products. Ask your financial advisor for more information about these investment options.