Well i have been reading all the negative things about ameriprise and the tons of fees they charge, hidden and not hidden. i have been thinking about moving my stuff over to vanguard. well i asked him to give me all the specifics on all the charges for all my accounts because i wanted to know how much money they were taking from me. this is what he wrote. please tell me if he's full of it and if i should get the hell out of there. all names have been erased of course.
[FONT="]Your life insurance, disability insurance and cash reserve certificate do
not have any fees associated with it.
The only fees you pay are on your Roth IRA's for the mutual funds. You
each pay $19 per year for a custodial fee, and B shares have an internal
fee of 1.00% to manage the funds. You do not pay a load to get into the B
shares.
Having said that, Ameriprise is in the process of doing away with the B
shares very shortly. You and I need to review our options for your Roth
IRA contributions going forward.
The annual planning fee not only covers my work regarding these accounts,
but also your annuities at work, refinancing your mortgage, education
savings options for your son and credit issues as well. The annual
planning will address all of these items, plus more, like benefits at work,
and help us closely monitor your progress towards retirement.
Please call me if you have any questions.
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[FONT="]Your life insurance, disability insurance and cash reserve certificate do
not have any fees associated with it.
The only fees you pay are on your Roth IRA's for the mutual funds. You
each pay $19 per year for a custodial fee, and B shares have an internal
fee of 1.00% to manage the funds. You do not pay a load to get into the B
shares.
Having said that, Ameriprise is in the process of doing away with the B
shares very shortly. You and I need to review our options for your Roth
IRA contributions going forward.
The annual planning fee not only covers my work regarding these accounts,
but also your annuities at work, refinancing your mortgage, education
savings options for your son and credit issues as well. The annual
planning will address all of these items, plus more, like benefits at work,
and help us closely monitor your progress towards retirement.
Please call me if you have any questions.
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