Comparison of Brokerage and Advisory Accounts

This guide evaluates the differences between brokerage accounts and advisory accounts offered by Ameriprise Financial Services. It outlines the features, fee structures, and investment strategies associated with each account type. The advisory account provides ongoing investment advice and is structured with an asset-based fee, allowing for professional portfolio management, including asset allocation and risk management. In contrast, the brokerage account operates on a commission-based fee structure, where investors pay for each transaction and receive point-in-time recommendations from their advisor. The document includes charts that compare key features, minimum investments, trading activities, and types of fees associated with each account. It emphasizes the importance of selecting the appropriate account type based on individual investment needs and goals. The guide also advises consulting the Ameriprise Managed Accounts Client Disclosure Brochure for detailed information on services and fees.