Mikecart1, according to the "Client Disclosure Brochure" you should have, here is copy from page 14:
"If you decide not to continue with AFPS you may cancel the service at any time. To cancel you can simply stop paying the annual fee or complete the form described below. You will be eligible for a refund of the fees you have paid during the current engagement period as described above".
I say just mail it in and call the number that is listed and let them know that the form is coming and that you want a refund.
It should work. (Don't ask me how I know.)
I actually faxed it today. If I don't hear back they will get an angry call from me. Anyways, thanks guys. Will keep you all updated.
-Had my bank cancel future automatic funds from Ameriprise
-Transferred my IRA to Vanguard today
Ameriprise has no idea of what hit them. I didn't even tell my advisor LOL.
I lost a lot of money in this and my goal will be to educate others before they make the same mistake.
For older people that have been with them for decades, I feel deeply sorry for their unawareness of what is REALLY going on.
For those math guys, in 18 months I have been with Ameriprise, I have spent almost $1500 in fees of which I hope to get $500 back in refund.
Do not use Ameriprise. I feel like the father in Boiler Room that got screwed by Seth of his life savings.
"I used to sell a service that people wanted (poker room), now I force a service to people that never asked for it" - Boiler Room, Seth