AIM Debuts New Retirement Account Tracking Feature On aimfunds.com.Business Editors HOUSTON--(BUSINESS WIRE)--April 16, 2001 A I M Management Group Inc. (AIM) announced today the launch of a Transfer/Rollover Status tracking feature on aimfunds.com, the company's award-winning Web site. AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ) one of the world's largest independent investment companies. Financial advisors and shareholders now will be able to check the status of their Transfer of Assets The conveyance of something of value from one person, place, or situation to another. The law recognizes that persons are generally entitled to transfer their assets to whomever they wish and for whatever reason. The most common means of transfer are wills, trusts, and gifts. , Direct Rollovers and Roth IRA Conversions Roth IRA Conversion A reportable movement of assets from a Traditional, SEP or SIMPLE IRA to a Roth IRA. The movement of assets may be taxable. Notes: A conversion may be accomplished by a rollover of assets directly between the trustees of the Traditional and Roth IRAs, to AIM products. This online feature is available 24 hours a day, seven days a week through aimfunds.com, in addition to the standard customer service phone number (No. 800-959-4246). After logging in A colloquial term for the process of making the initial record of the names of individuals who have been brought to the police station upon their arrest. The process of logging in is also called booking. with the appropriate information, interested parties will be able to view any pending requests as well as the pending allocation of assets within the account. Visitors also are provided an update to the status of their transfer/rollover request such as "Open," "Closed" or "Funded." "With a substantial portion of our business coming from transfers and rollover IRAs, the Transfer/Rollover Status feature is a logical extension of aimfunds.com to provide the high level of customer service our clients expect from us," said Tony Green, president of AIM Fund Services. "Customer service and the ease of doing business are focal points at AIM, and this new feature allows our clients the flexibility and customization to manage their IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. accounts in a highly effective manner." AIM was founded in 1976 and ranks as the nation's eighth-largest mutual fund complex, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. independent mutual fund monitor Strategic Insight, with approximately $170 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and 9 million shareholders as of Dec. 31, 2000. AIM is subsidiary of AMVESCAP PLC, one of the world's largest independent investment services companies with $402 billion in assets under management as of Dec. 31, 2000. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM Fund, including sales charges and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. For more information about AIM, visit our Web site: http://www.aimfunds.com. A I M Distributors, Inc., Distributor. |
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