Ameriprise Financial Advisors – Barry A. Rucks & Associates

Horrible experience. Barry was my father’s financial «adviser» for many years. After my father passed and I was able to look into his investments, I found that he was invested in high load funds and non-​traded REIT’s. What does that mean? Barry/​Ameriprise was charging my father over $ 400 a month to sell him bad investments. I was able to move most of the funds away from Ameriprise with the exception of the non-​traded REIT, which is an investment meant for sophisticated investors (not my father who was working through his retirement as a 3^rd shift janitor). No credible broker will «hold» this REIT so it is stuck at Ameriprise, where they want to charge $ 80/​year to hold it while it earns $ 100/​year in dividends. That is an 80% fee for Ameriprise to be the broker on file. I would have more respect for these people if they had used a gun to rob my father, at least they would’ve had to work for it. Oh yea, Barry dumped me as a client onto the corporate Ameriprise when he found out that he wasn’t able to soak my account for every fee imaginable. My advice to you, STAY CLEAR of Barry Rucks and Ameriprise!!! I highly recommend Vanguard where they don’t charge ridiculous fees.