A financial services company has launched a pair of managed account investment menus.
Ameriprise Financial Inc., Minneapolis, has started offering the Active Accumulation Portfolios series and the Active Income Portfolios series through its Ameriprise Financial Services Inc. subsidiary.
Professional money managers will manage and reallocate the assets in both portfolio series, Ameriprise says.
The managers of the accumulation series will strive for growth, and the managers of the income series will strive for inflation-adjusted income, Ameriprise says.
An Ameriprise unit, RiverSource Investments L.L.C., will manage the series.
Ameriprise will distribute the series through its Ameriprise Premier Portfolio Services investment advisory program.