Ameriprise Financial (AMP) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$1,000 |
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Purchases |
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Minimum
purchase |
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$50 |
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Maximum
purchase |
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$120,000 |
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Fees |
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Account
Setup Fee |
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$6 |
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Automatic
investment Fee |
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$2 |
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Optional
Cash Purchase |
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$5 |
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Reinvestment
Fee |
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10% upto
$.75 |
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$25 |
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Company
Web Site |
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Additional
Plan Information |
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Ameriprise Financial DRIP Details:
The Ameriprise Dividend Reinvestment Plan offers a below average holding vehicle for your AMP investment with initial costs, purchase fees, and dividend reinvestment. For almost all long term investors, Sharebuilder or another low cost brokerage would offer the lowest cost holding vehicle for your Ameriprise investment.
Pros:
None Identified
Cons:
$6 Initial Cost, $6 Investment Fee, $25 Sales Fee, Dividend Reinvestment Fees