Daunting outflows persist at Ameriprise's fund unit

  • Article by: JENNIFER BJORHUS , Star Tribune
  • Updated: January 12, 2013 - 9:08 PM

The firm is broadening Columbia Management's product line and taking other steps to reassure investors.

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ericpoJan. 13, 13 2:07 PM

People are over loaded funds. Why would I buy a loaded fund when for pennies I can buy a no load fund. They are the buggy whip of the financial sector. Its time to let the business model go. They may also want to treat their people better than mud. There is a trend of talent leaving AMP when they take over. Treat your people good, stop focusing on wringing every dollar from every turnip and provide the mass market with an affordable, compelling product and maybe things will change.

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xjritterJan. 14, 1312:25 PM

The building at 1001 3rd Avenue South in the picture is not an Ameriprise building. It was built by American Express before 2006 when Ameriprise was spun off as a separate independent company, and the building still is an American Express data center.

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