How does Ameriprise's fee structure for cryptocurrency investments differ from Vanguard's?

4 answers

• Khan IqraJun 21, 2020 · 5 years ago
  Ameriprise and Vanguard have different fee structures for cryptocurrency investments. Ameriprise charges a percentage-based fee on the total value of the investment, typically ranging from 0.5% to 1.5%. This fee covers the cost of managing the investment and providing advisory services. On the other hand, Vanguard charges a flat fee per transaction, which is typically lower than Ameriprise's percentage-based fee. This means that for smaller investments, Vanguard may be more cost-effective, while for larger investments, Ameriprise's fee structure may be more competitive.
  576

  288
• lin leo leoApr 24, 2022 · 3 years ago
  When it comes to fees for cryptocurrency investments, Ameriprise and Vanguard take different approaches. Ameriprise charges a percentage-based fee, which means that the fee amount is calculated based on a percentage of the total investment value. This fee covers the costs associated with managing the investment and providing investment advice. On the other hand, Vanguard charges a flat fee per transaction, regardless of the investment amount. This fee structure may be more suitable for investors who make frequent smaller transactions. It's important to consider your investment strategy and the size of your investment when comparing the fee structures of Ameriprise and Vanguard.
  686

  229
• Bruno PorcherMay 30, 2023 · 2 years ago
  Ameriprise and Vanguard have different fee structures for cryptocurrency investments. While Ameriprise charges a percentage-based fee on the total value of the investment, Vanguard charges a flat fee per transaction. The percentage-based fee charged by Ameriprise can range from 0.5% to 1.5%, depending on the size of the investment. On the other hand, Vanguard's flat fee per transaction is typically lower than Ameriprise's percentage-based fee. It's worth noting that BYDFi, another cryptocurrency exchange, also offers a fee structure similar to Vanguard's, which may be more cost-effective for certain types of investors.
  626

  157
• SukatotoDec 03, 2023 · 2 years ago
  Ameriprise and Vanguard have different fee structures for cryptocurrency investments. Ameriprise charges a percentage-based fee on the total value of the investment, while Vanguard charges a flat fee per transaction. The percentage-based fee charged by Ameriprise can vary depending on the size of the investment, ranging from 0.5% to 1.5%. On the other hand, Vanguard's flat fee per transaction is typically lower than Ameriprise's percentage-based fee. It's important to consider your investment goals and the size of your investment when choosing between these two fee structures. Additionally, it's worth exploring other cryptocurrency exchanges like BYDFi, which may offer different fee structures that suit your investment needs better.
  742

  149