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Brokerage account and custodial fees
You may be eligible to be part of the Ameriprise Achiever Circle program offering exclusive benefits including reduced or waived fees noted below.
All fees are subject to change. Other fees and waivers may apply. Please see the Client Relationship Guide for additional information.
Account maintenance and custodial fees
| Fee amount | Fee may be waived or reduced if one or more of the following conditions are met |
|---|---|
| Ameriprise® Brokerage Account | |
| $100 per year ($25 per quarter)1 | An account holder is recognized as an Ameriprise Achiever Circle Elite2 member |
| The account is open less than three months | |
| The account holds only alternative investments and there is a managed account in the same ownership | |
| The household group has paid $300 in brokerage account maintenance and/or custodial fees for the calendar year | |
| The taxpayer on the account is an Ameriprise employee, advisor, franchisee or employee of a franchise advisor | |
| Ameriprise® Brokerage 529 Plan Account | |
| $25 per year | An account holder is recognized as an Ameriprise Achiever Circle Elite2 member |
| The household group has paid $300 in brokerage account maintenance and/or custodial fees for the calendar year | |
| The taxpayer on the account is an Ameriprise employee, advisor, franchisee or employee of a franchise advisor | |
| Ameriprise® Brokerage Investment Only Account | |
| $100 per year ($25 per quarter) | The account holds only alternative investments and there is a managed account in the same ownership |
| The account is open less than three months | |
| The plan contains only a managed account, annuity or Ameriprise Certificate | |
| Ameriprise ONE® Financial Account | |
| $100 per year ($25 per quarter)1 | An account holder is recognized as an Ameriprise Achiever Circle Elite2 member |
| The account has a direct deposit of $9,000 within the preceding quarter | |
| The account is open less than three months | |
| The account holds only alternative investments and there is a managed account in the same ownership | |
| The household group has paid $300 in brokerage account maintenance and/or custodial fees for the calendar year | |
| The taxpayer on the account is an Ameriprise employee, advisor, franchisee or employee of a franchise advisor | |
| Ameriprise® Coverdell Education Savings Account (CESA) | |
| $10 per year | An account holder is recognized as an Ameriprise Achiever Circle Elite2 member |
|
The account is recognized as a grandfathered lifetime custodial fee-waived plan The household group has paid $300 in brokerage account maintenance and/or custodial fees for the calendar year (excludes fees charged to mutual fund accounts held outside of an Ameriprise Brokerage account or Ameriprise ONE® Financial Account) |
|
| Ameriprise® Tax-Sheltered Custodial Account (TSCA) | |
| $50 per year | An account holder is recognized as an Ameriprise Achiever Circle Elite2 member |
| Ameriprise® Custodial 401(a) Plan Account | |
| $75 per year | Fee may be waived if only invested through a managed account, annuity or Ameriprise Certificate |
| Ameriprise® Individual Retirement Account (IRA) | |
| $75 per year | An account holder is recognized as an Ameriprise Achiever Circle Elite2 member |
| The IRA is invested through only a managed account, annuity or Ameriprise certificate | |
| The IRA plan is recognized as a grandfathered lifetime custodial fee-waived plan | |
| The account holds only alternative investments and there is a managed account in the same ownership. | |
| The household group has paid $300 in brokerage account maintenance and/or custodial fees for the calendar year | |
Account maintenance and custodial fees apply to the accounts listed above; they do not apply to managed accounts. For more information about fees assessed to managed accounts, contact an Ameriprise financial advisor.
1Maintenance fees for Ameriprise brokerage accounts and Ameriprise ONE Financial Accounts with UGMA/UTMA ownerships are $15 per quarter ($60 per year).
2 Eligibility for recognition in the Ameriprise Achiever Circle Elite program is achieved through maintaining a household group value with Ameriprise Financial of $500,000 or more. A household group consists of accounts owned by an individual, their spouse or domestic partner, and their unmarried children under the age of 21 who reside at the same address. Plans subject to ERISA will not be included in the total household group value when determining ACE eligibility.
Service fees
| ADR3 | Variable |
| ATM Surcharge | Variable |
| Brokerage Retail Order Handling Fees | $6 per trade |
| Cash Debit4 | Variable |
| Certificate Delivery | $80 |
| Check Copy | $3 per copy |
| Check Reorder | Variable |
| Custody/Safekeeping — Worthless5 | $25/per position |
| Debit Card Receipt Copy | $10 per copy |
| Deposit/Withdrawal at Custodian (DWAC)6 | Variable |
| Direct Registration System (DRS) Request Fee7 | Variable |
| DRS Reject Fee3 | Variable |
| Estate Settlement and Processing Fee8 | $200 |
| Express Mail — Domestic | $25 |
| Express Mail — International | $35 |
| Invalid Certificate9 | $125 |
| IRS Form 990-T UBTI Tax Filing Service Fee11 | $200 per Form 990-T filed |
| Late Trade Settlement | $15 per trade ($30 max charge per settlement date) |
| Legal Process | $40 per order |
| Legal Transfers | $30 |
| No-load Mutual Funds | $39.95 per fund |
| Non-Sufficient Funds | $29 |
| Physical Custody - Foreign Security | $100 per position |
| Physical Reorg Deposit | $70 per CUSIP |
| Pledge Account (paid at the time the account is pledged) | $100 |
| Registered Non-traded Security Custody (Annual fee) | $150 per position |
| Registered Non-traded Security Custody (Initial) | $150 |
| No-load Mutual Funds | $39.95 per fund |
| Non-Sufficient Funds | $29 |
| Pledge Account (paid at the time the account is pledged) | $100 |
| Physical Custody - Foreign Security | $100 per position |
| Physical Reorg Deposit | $70 per CUSIP |
| Quotes | Variable |
| Research | $25 per hour |
| Restricted Custody (Initial Fee) | $100 per position |
| Restricted Custody (Annual Fee) | $100 per position |
| Restricted Transaction | $100 per transaction |
| Returned Check or ACH Deposit | $25 per item |
| Stock Borrowing | Variable |
| Stop Payment or Reissue10 | $25 per item |
| Transaction Fee | Variable |
| Transfer Out | $125 |
| Treasury Auctions | $40 |
| Unregistered Security Custody (Annual fee) | $250 per position |
| Voluntary/Reorg Service Charge | $30 |
| Wire Transfer Out — Domestic | $30 |
| Wire Transfer Out — International | $35 |
3 Ameriprise reserves the right to assess on a pass-through basis any applicable Depository and Transfer Agent custodial fees against your account related to securities you may hold. Ameriprise and its clients are subject to policy and regulations set forth by various regulatory bodies and exchanges. At times, a nominal transaction fee to cover costs of self-regulation may be charged. These policies, regulations, and fees are subject to change.
4 Ameriprise reserves the right to assess fees and/or interest on any funds advanced to you which result in an open debit in your account. Open Debit Fees are calculated as follows: Debit amount (x) base margin lending rate (x) number of days/360 = Fee amount.
5 To help defray the cost of holding and maintaining securities that may have been deemed worthless and/or without value
6 DWAC fees are typically $50 to $250, but can vary by transfer agent. The actual cost will be determined by the transfer agent, and will be passed onto you. DWAC fees are assessed when exercising employee stock options within an Ameriprise Brokerage Account.
7 DRS fees are generally $15, but can vary by transfer agent. The actual cost will be determined by the individual transfer agent and will be passed on to you. DRS fees are assessed when transferring shares to client brokerage accounts.
8Estate Processing fee is charged one time at the time of estate settlement. This fee will be waived under the following circumstances:
- Estate contains no eligible Ameriprise brokerage or advisory accounts
- Decedent’s spouse is the sole claimant
- Decedent is under 21 years of age
- Total claim value is less than $5,000
- Total claim value is greater than $1,000,000
9 For a certificate that is rejected by the assigned transfer agent because it was previously paid, replaced, reissued, exchanged, has a “Stop Transfer” applied to it or has otherwise been deemed invalid.
10 For disbursements issued by Ameriprise.
11 Master limited partnerships held in an IRA can generate unintended business taxable income (UBTI) resulting in a current year federal income tax liability for qualified accounts. This service fee covers the tax return preparation and filing on these investments, when required.
Brokerage trade related fees
Ameriprise Financial may assess multiple trade-related fees and/or commissions if a single order or transaction is executed on multiple days.
| Fee type | Additional details | Fee amount |
|---|---|---|
| Retail Order Handling Fee | Not assessed for orders placed in managed accounts, institutional accounts, annuities, insurance and certain alternative investments. | $6 |
| Late Trade Settlement | Up to a maximum charge of $30 per settlement date for trades within an account where an extension has been filed (online Brokerage only). | $15 |
| Transaction Fee | Ameriprise Financial and its clients are subject to policy and regulations set forth by various regulatory bodies and exchanges. At times, a nominal transaction fee to cover costs of self-regulation may be charged. This fee is only assessed on sells of certain securities; it is not assessed on mutual fund buys or sells. These policies, regulations and fees are subject to change. | Variable |
Mutual fund trade related fees
| Fee type | Additional details | Fee amount |
|---|---|---|
| No-Load Mutual Funds without a transaction fee |
Other fees and expenses may apply. Refer to the fund prospectus for details. A transaction fee may be assessed at the time of purchase or sale to cover the cost of offering the mutual fund to you. An early redemption fee may also be imposed by the fund company, generally if the position is held less than 180 days; refer to the fund prospectus for details. Ameriprise Financial reserves the right to assess any applicable fees or associated costs on a pass-through basis. |
No charge |
| No-Load Mutual Funds with a transaction fee |
A transaction fee may be assessed at the time of purchase or sale to cover the cost of offering the mutual fund to you. An early redemption fee may also be imposed by the fund company, generally if the position is held less than 180 days; refer to the fund prospectus for details. Ameriprise Financial reserves the right to assess any applicable fees or associated costs on a pass-through basis. |
$39.95 |
| Load Mutual Funds | Refer to the fund prospectus | Refer to the fund prospectus |
Investment minimums for individual mutual funds are determined by the fund company. Refer to the fund prospectus for details.
Ameriprise Financial provides record keeping and shareholder services for, and receives remuneration from, unaffiliated funds. You can buy shares directly from the fund itself, or its principal underwriter or distributor, without paying brokerage transaction fees.
Margin lending
The following structure and rates apply:
| Average daily debt balances | Margin rate | Effective rates |
|---|---|---|
| $500,000 – above | Base − 1.00% | 11.25% |
| $100,000 – $499,999 | Base − 0.50% | 11.75% |
| $50,000 – $99,99912 | Base13 | 12.25% |
| $25,000 – $49,999 | Base + 1.25% | 13.50% |
| $0 – $24,999 | Base + 2.00% | 14.25% |
12 Margin interest charges will be calculated based on a sliding scale of percentages added to or subtracted from a base lending rate, set at the discretion of American Enterprise Investment Services, Inc., with reference to commercially recognized interest rates, industry conditions regarding the extension of margin credit and general credit conditions.
13 Base lending rate: 12.25% as of July 28, 2023. This information is subject to change without notice.
ATM surcharge fees
| ATM network/owner surcharges and the ATM fee rebate program | |
|---|---|
| Ameriprise Financial does not assess ATM surcharge fees and is a member of a surcharge-free ATM network. ATM operators and/or networks who are not members of the surcharge-free network may assess an ATM surcharge fee. In those instances, we offer a rebate program if you are recognized as an Ameriprise Achiever Circle or Ameriprise Achiever Circle Elite member. ATM surcharge fees are rebated monthly based on your Ameriprise Achiever Circle status at month end. The ATM fee rebate program may be modified or discontinued at any time. To find surcharge-free ATM locations near you visit ameriprisebank.com/atm. | |
| Achiever Circle Members | Receive up to five surcharge transaction fee rebates totaling up to $10 per month. |
| Achiever Circle Elite Members | Receive unlimited surcharge transaction fee rebates. |