Hi all,
My wife and I are looking to leave Ameriprise and move our stuff to Vanguard. I've read through the various "I'm leaving Ameriprise" threads but I still have some questions regarding account closing and transferring fees.
It's my understanding that Ameriprise charges a $75 transfer fee for the account. However, is this for the total account, or per grouped holding. So for example, if my account has a Roth IRA with 4 mutual funds, stocks from 2 different companies, and 3 short or mid term mutual fund holdings; would I pay $75 to transfer everything, or do I have to pay $75 for the Roth, $75 for the stocks, and $75 for the mutual funds? or is it really bad where I have to pay $75 for each of the 4 holdings under the roth, each of the 2 stock holdings and etc. Some explanation would be greatly appreciated.
I'm also a little confused on what is charged for actually closing the account. I think I heard that the cost to close an account is $100 but I'm looking for confirmation.
My wife and I are looking to leave Ameriprise and move our stuff to Vanguard. I've read through the various "I'm leaving Ameriprise" threads but I still have some questions regarding account closing and transferring fees.
It's my understanding that Ameriprise charges a $75 transfer fee for the account. However, is this for the total account, or per grouped holding. So for example, if my account has a Roth IRA with 4 mutual funds, stocks from 2 different companies, and 3 short or mid term mutual fund holdings; would I pay $75 to transfer everything, or do I have to pay $75 for the Roth, $75 for the stocks, and $75 for the mutual funds? or is it really bad where I have to pay $75 for each of the 4 holdings under the roth, each of the 2 stock holdings and etc. Some explanation would be greatly appreciated.
I'm also a little confused on what is charged for actually closing the account. I think I heard that the cost to close an account is $100 but I'm looking for confirmation.