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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 |
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$50 |
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Maximum |
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$120,000 |
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Fees |
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Account |
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$6 |
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Automatic |
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$2 |
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Optional |
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$5 |
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Reinvestment |
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10% upto |
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$25 |
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Company |
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Additional |
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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