Ameriprise SPS Advantage Provides Access to Cash

The Ameriprise SPS Advantage is a great option for those who need quick access to cash. It provides a line of credit that can be used to cover unexpected expenses or financial emergencies.

With the SPS Advantage, you can borrow up to 100% of your available account balance, up to a maximum of $100,000. This can be a huge relief during tough times.

You can use the borrowed funds to pay for things like car repairs, medical bills, or even home maintenance. The flexibility is one of the biggest advantages of the SPS Advantage.

The interest rate on the line of credit is variable, but it's generally lower than other types of credit options. This can help keep your borrowing costs down and make it easier to pay back the loan.

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Ameriprise Financial Services offer a wide variety of financial services, including financial planning and continuous portfolio management services.

Their financial advisors are qualified to sell insurance and financial products, for which they receive a commission.

Portfolio management can be on a non-discretionary or discretionary basis, based on the investment program, or via a wrap fee program.

Ameriprise currently offers the following investment programs:

The Strategic Portfolio Service (SPS) Advantage program is the only non-discretionary program.

Access Accounts and Active Portfolios only invest in ETFs and mutual funds.

Accessing cash without selling investments can be a huge relief, especially during unexpected expenses or opportunities. Your Ameriprise financial advisor can help you achieve your financial goals by understanding your goals and priorities.

Life is full of surprises, and sometimes you may need to adapt to new challenges or opportunities. Your Ameriprise financial advisor will consider your unique needs and situation to help you respond to short-term liquidity needs.

With an Ameriprise Preferred Line of Credit, Offered through Goldman Sachs Select, or a margin loan, you can use a portion of your non-retirement investment portfolio as collateral for cost-effective liquidity. This can be a valuable option to consider.

Your Ameriprise financial advisor will help you understand the advantages, limitations, and risks of securities-based lending, so you can make informed decisions about your financial situation.

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Ameriprise's managed accounts offer a range of investment management options.

You'll need a minimum of $25,000 to invest in the SPS Advantage and Active Portfolios programs.

Investments in these programs are managed by Ameriprise financial advisors or external portfolio managers who follow a disciplined approach.

The minimum investment for SPS Advisor Accounts is $100,000, while Select Separate Accounts require $100,000 to $250,000.

Annual account maintenance and custodial fees can range from $10 to $100, while a $39.95 fee applies to each no-load mutual fund.

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