Products May 25, 2007

RiverSource Unveils Two Adviser-Distributed Funds

RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, has launched two new single-strategy mutual funds.
Reported by
According to a news release, the new offerings include RiverSource Strategic Income Allocation Fund and RiverSource Disciplined Large Cap Growth Fund. The announcement said both are available through Ameriprise financial advisers and select non-affiliated banks and broker-dealers.
The RiverSource Strategic Income Allocation Fund is designed to help investors meet their income needs, while RiverSource Disciplined Large Cap Growth Fund is designed to help investors accumulate assets.
The RiverSource Strategic Income Allocation Fund is co-managed by RiverSource Investments’ specialized Fixed Income Team in Minneapolis and the Disciplined Equity and Asset Allocation Team in Cambridge, Massachusetts. The fund seeks to provide shareholders with a high level of current income with capital growth as a secondary objective.
Meanwhile, the RiverSource Disciplined Large Cap Growth Fund is also managed by the Disciplined Equity and Asset Allocation Team and seeks to provide shareholders with long-term capital growth. The fund invests primarily in companies included in the Russell 1000 Growth Index, and can be used as a core large-cap growth holding in many investment portfolios.
For more information, go to www.riversource.com.
Products May 25, 2007

RiverSource Introduces Guaranteed Lifetime Income Benefit

RiverSource has launched SecureSource, an optional living benefit rider, which offers guaranteed lifetime income for individuals purchasing a RiverSource annuity.
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For an additional fee, SecureSource offers principal protection as well as the ability to customize an income strategy to meet individual needs, according to a company news release. Individuals can withdraw any amount up to 6% for life starting at age 65 (age 68 in New York), or they can withdraw up to 7%, which will provide guaranteed income for 14 years.
Additionally, investors who select the SecureSource rider with their annuity are enrolled in Portfolio Navigator, which provides a choice of model portfolios based on the investor’s needs and goals, the release said. Asset allocation models are designed based on pre- and post-withdrawal stages.
The fee for the SecureSource guaranteed lifetime withdrawal benefit rider is 0.65% annually for the single life benefit, and 0.85% annually for the joint life benefit.
RiverSource variable annuities permit withdrawals of 10% annually without the purchase of the rider.
More information is at www.riversource.com/annuities.

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