Ameriprise Financial has expanded its Active Portfolios investments family with the launch of new Active Opportunity ETF Portfolios investments and Active Diversified Yield Portfolios.

Active Portfolios investments are a series of professionally managed portfolios designed for long-term investors seeking increased diversification and risk management.

According to Ameriprise, the Active Opportunity ETF Portfolios investments are a series of 12 portfolios designed to provide strong returns in all market environments.

Four portfolio strategists, which include Ameriprise Financial, Dreyfus, Innealta Capital, and F-Squared Investments, use a tactical asset allocation investment methodology to make asset allocation and investment recommendations for the portfolios.

TAA strategists work to understand the implications of demographic, social, political and economic changes across the globe on investment returns in addition to investment statistics.

The Active Diversified Yield Portfolios are a series of four portfolios designed to meet specific yield targets, while covering client fees and addressing long-term inflation, according to Ameriprise Financial.

Ameriprise claims that Wilshire Associates, the portfolio strategist, makes asset allocation and investment selection recommendations for the portfolios.

In addition to the new portfolios, the first two series in the Active Portfolios investments family, Active Accumulation Portfolios and Active Income Portfolios investments, have been enhanced and will be managed by the asset allocation team at Columbia Management.

This team will now have access to more than 40 Columbia and RiverSource Funds to build out these portfolios.

Ameriprise Financial executive vice president of Wealth Management Products and Solutions Sarah McKenzie said the Active Portfolios investments platform has evolved into a family of close to 50 portfolios giving individual investors a wide range of diverse, sophisticated, yet simple-to-use product choices.

"These advice-embedded products have professional asset managers working constantly to control the investments, freeing advisors to spend more time on the clients overall financial picture," McKenzie said.