"And I thought you said you didn't read it!"
Reading comprehension problem, or you lie. Your choice.

Amp, there is a difference between 'didn't read much' and 'didn't read it'.

Work on this. For example, if a client says "I don't want to pay any 12b-1 fees", that doesn't mean "I don't want to pay much in 12b-1 fees".

This is an example of how you hurt your clients. It's very sad that a so-called 'financial advisor' doesn't know the difference between 'not much' and 'none'. Very young children have already grasped this difference.

You have a lot of strikes against you, AMP. In addition to your above ignorance, I had to show you how to read a very simple report. I had to explain to you that the RAVA that you are pushing on people has commissions!! And that the SA's have 12b-1 fees! This is not good. It shows that you are very young and very inexperienced. And that you fought me and lied shows that you are also dishonest and have no interest in learning and self-correcting.

It's not good to be young, happily ignorant and dishonest with no desire to change yourself. Really, you ARE hurting your clients. I suggest that you quit spending all this time posting here and start spending time learning some basics about investing. Trying to insult me isn't worth it. You can't. Start learning and making some changes -- that might help stop some of the damage you are doing to clients. That is what is worth something.

"I could really care less about you.  Period."

So what, AMP? That's meaningless.

The point is that you have some very serious problems and you are hurting your clients. Not knowing that the RAVA you are selling has commissions and 12b-1 fees that your clients must pay is terrible. When you realized that there are commissions and 12b-1 fees, you should have been sick to your stomach. I am not trying to pull some stunt here...I am dead serious.

Reading what you have written since I told you about the commissions and 12b-1 fees sends a very clear and very disgusting message - you don't care about your clients. It's all some big joke to you. You don't care if you mess up people's finances, rip them off, hurt them. You really don't care.

Your ignorance about 12b-1 fees that you tried to shrug off....well, you hurt your clients. The commissions on RAVA are very high - and your client has to pay those commissions. Yet somehow you didn't know these commissions and 12b-1 fees existed. So, you never told your clients about them. At first I thought you were just lying, but when you said "I didn't realize at that time that some of the SAs charge 12b1" I realized that although you have told a lot of lies out here, you were NOT lying about your shocking ignorance of RAVA. You really had no clue. You never read the prospectus. You can't tell clients the cost of what they are being sold. You can't do a proper job of explaining RAVA to them. I have no idea how Ameripoff turned you loose with this kind of ignorance.

And did you really not know how to read that simple report,or was it carelessness? Either way, it is not a good thing.

And the lies you tell....does that bother you on any level? Or is lying just a big joke too you, too?

AMP, hate me until you are blue in the face, but at least do some honest thinking privately, if that's possible. Look at what you have written here. Would you show it to your clients? You have already taken a very wrong path. It's not likely that you will change. I hope you prove me wrong. I really do.  But you won't.

My parents have been clients of IDS/American Express/Ameriprise for years (over 22)  They have had the same advisor and have been very happy.  I am a finance major and have been overlooking what has been going on and I to am very happy with everything.  It's unfortunate that this website targets Ameriprise because there are so many companies out there that are being fined, etc.  The company has many good advisors and managers.  By reviewing some of the posts I think most of the posts are from former advisors who did not make it thru the program or didn't have what it takes to be a independent advisor.  For the public who is viewing this site, please don't take most of the comments on this site to heart.  Talk openly with your advisor.  I asked my parents advisor who is also my advisor about this site and he thought it was cute.  He said and I agree to bad we cant focus this much energy in world problems, (i.e. poverty, hunger, war, etc.).

too funny!

HUH ???  ...literally HUNDREDS OF THOUSANDS OF DOLLARS... Let's de-construct this phrase. You know what 'de-construct' means, seeing as you are a professional epistemologist in your space time  (or was that methphysician?). 'Hundreds' - now in this context I assume that means a number > $100,000 as you used the plural form, so let's for the sake of argument assume the actual number is $201,000 that macca has saved her clients. Now how would one arrive at such a number? Let's assume you 'advised' your 'clients' to change their fund accounts from VarAnnuities w/ annual fees of 2.5% (thats about the highest I've seen) and you get them to invest in index funds with fees of 25 bps., for an approximate all in cost reduction of 2.25%. Now $201,000 / .0225 = $8,933,333 is the portfolios' you would have had to advise on, and get action taken on, and with the fees assumed above. Thats a pretty big number.

Now in point of fact a 2+% fee is generally seen in the annuity market, and since annuities have humongous redemption charges, it's unlikely you convinced people to pay them, so lets assume your advice was to swithch from more typical high cost actively managed mutual fund to the same index fund, which would may be on the order of 1.5% - .0025% = (1.25% / $201,000)**1 = $16,080,000 IN portfolio assets you are in effect 'managing'.

WOW -- that's a very impressive number -- how many AMP clients have you advised again? With a typical AMP client portfolio of $100k thats a wopping 160 + clients!!!! I'm surprised you even know 160 people, let alone that many AMP clients. Whats the probability of that? Do you break into their offices at night and rifle through rolodexes? Are you a hacker w/ access to their private client account records?

Now, as a final point -- whats the problem (assumption) behind the arithmetic above?

Let's let the AMP Advisors figure that one out-------------hahaha.

I'll give you a little hint, the guy who thought of this  first name is Bill, plus and theres a formula named after him.

What's so wrong with a little contest? This is a motivational tool that I find positive.  The more plans they sell the more people they can help.