Other products and information
Banking, lending and cash management
Ameriprise Bank, FSB ("Ameriprise Bank") is an Equal Housing Lender and Member FDIC, offering banking, lending and cash management solutions.
Cash solutions (Ameriprise® Bank Savings Account, Ameriprise® Certificates, brokerage sweep accounts and Ameriprise ONE Financial Account) offer access to funds and competitive rates, designed to help clients manage their everyday cash and expenses.
Ameriprise® Visa Signature® or Ameriprise® Premier Visa Signature® credit cards are exclusively designed for Ameriprise clients. With a variety of reward options, clients can choose the card that works best for their saving and spending needs.
Lending solutions (Ameriprise® Preferred Line of Credit, Offered through Goldman Sachs Select, margin lending and Ameriprise Home Lending) offer access to competitive financing and liquidity options that can help clients manage planned and unexpected expenses.
Personal trust services allow clients to direct how their legacy assets are managed and distributed. Neither you nor Ameriprise financial advisors may suggest, arrange or use mortgage, home equity or other bank loan proceeds to purchase securities or other investment products offered by Ameriprise Financial Services, LLC.
Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Periodic fees and expenses
Charges and fees may apply to deposit products and services in certain instances.
For lending products and services, interest charges and various fees may apply.
For personal trust services, fees include an annual administrative fee and/or an asset-based trust fee based on the amount of assets held in trust. Unique assets held in trust, such as real estate, may have special pricing schedules that apply.
For a complete list of fees and charges related to these banking products and services, refer to the appropriate agreement or other offering materials.
Additional product information
Columbia Threadneedle Investment Family of Funds
The Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., and may be purchased only from financial institutions authorized by Columbia Management Investment Distributors, Inc. (authorized financial institutions), including Ameriprise Financial and a number of unaffiliated financial institutions.
If you set up an account at an unaffiliated financial institution, you will not be able to transfer Columbia Fund holdings to that account unless that financial institution is an authorized financial institution that has entered into a selling agreement with Columbia Management Investment Distributors, Inc.
If you set up an account with an unaffiliated financial institution that does not have such a selling agreement, you must either maintain your Columbia Fund holdings with Ameriprise Financial or the authorized financial institution; find another authorized financial institution; or sell your shares, paying any applicable contingent deferred sales charge(s) and possibly create a taxable event.
RiverSource® annuities and insurance
Currently, RiverSource® insurance policies and annuity contracts are available exclusively through an Ameriprise Financial advisor. RiverSource annuities and RiverSource life insurance are issued by RiverSource Life Insurance Company and, in New York only, by RiverSource Life Insurance Co. of New York.
If you choose to leave Ameriprise Financial, any RiverSource life insurance policy and certain RiverSource annuities you purchased through Ameriprise Financial may not be transferrable to your new financial services provider. It may be possible to exchange your policy. Your insurance policy will remain active as long as you continue to make sufficient purchase payments and premium payments directly to the issuing insurance company.
The currently offered RiverSource® RAVA series of variable and structured annuities can be transferred to your new financial services provider.
We can appoint a new Ameriprise financial advisor to your contract(s) for servicing, or you may work directly with Customer Service. Remember to always consult a tax adviser regarding possible tax implications for your specific situation.
Some products and services, including variable annuities and life insurance products issued by third parties, are offered by Ameriprise financial advisors. Clients are encouraged to discuss product differences with their advisor.
Information relating to account ownership
Wherever possible, we treat accounts with multiple owners as an “or” relationship. This means that we will act on transaction requests at the direction of any single named account owner or authorized person.
Information relating to your household
We use information concerning your primary household group’s investment, insurance and annuity products to provide a consolidated statement. A primary household group may consist of an individual client, their spouse or domestic partner, and their unmarried children under age 21 who reside at the same address.
For certain products and services, the householding of your accounts may help you qualify for advantageous pricing or fee waivers. Please contact Customer Service at 800.862.7919 if you prefer to receive a statement covering only accounts that you own and not to participate in householding.
Householding also permits us to deliver a single copy of certain shareholder documents — such as prospectuses, supplements, annual reports, semiannual reports and proxies — to clients who own the security and who reside at the same address. To opt out of this service, call 866.273.7429 and reference the client ID located on your statement. Multiple mailings will resume within 30 days of opting out. Tax documents are not eligible for householding.
Information relating to payments made to Ameriprise for deposit
Checks made payable to Ameriprise or its affiliates may be converted to substitute payment images under Check 21 or to electronic debits processed via Automated Clearing House ("ACH") for purposes of efficient payment processing. You can see this method of payment processing by viewing the check image or payment processed on the account from which the payment was made.
If the check is processed electronically, your checking account will be debited for the amount of the check and the debit will appear on your checking account statement. You may elect not to have your check converted to an ACH file by contacting Customer Service.
Good Funds
Ameriprise Financial maintains a Good Funds policy in which we apply a hold period on new deposits (ACH, checks, money orders) drawn against external financial services firms (i.e., banks, other broker-dealers, mutual fund companies, insurance companies, etc.). During the hold period, any request to move funds outside of Ameriprise Financial is not permitted. Deposits subject to the Good Funds policy typically become available for withdrawal on the next business day following the hold period. Requests to move funds internally from Ameriprise Financial products to other Ameriprise Financial products may be permitted during the hold period. Ameriprise Financial reserves the right to modify the hold period at its sole discretion. If you have further questions or wish to learn more about the policy, please contact your advisor.
Your financial advisor
Your financial advisor may be authorized to offer or sell products and/or services issued or distributed by Ameriprise Financial Services, LLC, or Ameriprise Certificate Company, Inc. Some products and services may be offered only by certain Ameriprise financial advisors. The products will be traded, distributed or placed through American Enterprise Investment Services, Inc., RiverSource Life Insurance Company, RiverSource Life Insurance Co. of New York and certain pre-approved, but unaffiliated, life insurance and fixed-annuity manufacturers. This broad range of products and services is designed to help you meet your individual financial objectives.
Your financial advisor assigned to your account(s) may be licensed in a state as:
- An insurance producer, which entitles your financial advisor to offer and sell insurance and fixed annuities
- A broker-dealer agent, which entitles your financial advisor to offer and sell face-amount certificates, mutual fund shares, alternative investments, structured products, preferred securities, unit investment trust interests, variable annuities, variable life insurance, stocks, bonds and other general securities
- A real estate broker or salesperson, which entitles your financial advisor to offer and sell real-estate interests
- An investment adviser representative, which entitles your financial advisor to offer and sell financial planning and advisory accounts services on behalf of Ameriprise Financial Services, LLC