Sunday, April 27, 2008

Ameriprise is a form of an advanced fee scam

I was reading on the Amexsux forum and someone suggested that Ameriprise is a form of an advanced fee scam. IMO, I agree. The way an advanced fee scam works is that someone charges you a relatively small amount in the hopes that they can gain your confidence so they can get more money out of you in the future. This is exactly how Ameriprise operates. They charge you a small amount for the "financial plan" to gain your confidence. Once they gain your confidence, they recommend proprietary products that increase their profits in the way of high loads and fees. I recommend you stay away from Ameriprise.

Labels: , , ,