Ameriprise Introduces Risk-Managed Portfolio Series

Ameriprise Financial, Inc. has launched two new series of actively managed account portfolios.

The Active Accumulation Portfolios, which are reallocated on a monthly basis, seek to provide risk-managed growth and inflation-adjusted income in the Active Income Portfolios. According to a company statement, the mutual fund portfolios – Active Accumulation Portfolios and Active Income Portfolios – are available through the Ameriprise Premier Portfolio Services investment advisory program, offer a turnkey investment solution for financial advisers, allowing them to spend more time with their clients.

Although only two series of portfolios will be launched this year, managed by RiverSource Investments, LLC, Ameriprise said it plans to add more Active Portfolios in 2008. The mutual fund portfolios, available through financial advisers, are offered through Ameriprise Financial Services, Inc., a subsidiary of Ameriprise Financial.