Overview

• Ameriprise Financial recently conducted a review which focused on small principal amount equity transactions from April 1, 2020 to March 31, 2025, where the standard default commission amounts ($50 phone-in rate or $19.95 client online rate) exceeded guidelines.
• Clients will be reimbursed for commission amounts charged over five percent of the principal amount of the transaction (plus interest of 6%).
• Clients with active accounts will receive an account credit (reflected on their September 2025 account statement) with the activity description of “COMMISSION REMEDIATION.”
• Clients with inactive accounts will receive an explanation letter and check.
• For inactive IRA account clients, you will receive a check that is made payable to the successor custodian of your IRA in the amount of the reimbursement. Please deposit the check into your IRA by forwarding it to the successor custodian of the account. If your successor custodian will not take deposit of the check or if you would prefer to receive a taxable distribution of this amount, please reach out to our client service center using the contact information below. If you have tax questions related to this matter, please consult your tax advisor.
• Please consult a tax advisor for any tax related questions, especially regarding amounts in excess of tax reporting thresholds.

Important to note

• Ameriprise advisors did not receive any commission on the original small principal equity transaction(s); Ameriprise advisors do not receive compensation on standard default commission amounts of $50 or lower and do not receive compensation for web trades you transact on Ameriprise.com.
• De minimis amount: $20 (per client).  The de minimis amount was determined at the client level. Please note, some account credits or checks will be less than $20.
• We have updated our equity commission schedules with a 5% cap for small principal transactions.
• More information on fees in the Ameriprise brokerage account can be found here: Form 116188 - Regulation Best Interest (BI) Disclosure.

Contact

• Your Ameriprise financial advisor.
• A client service representative at 800.862.7919, Monday through Friday, 7 a.m. to 6 p.m. Central Time.