In an effort to defray business costs, the following fees apply for certain services. Only customers who utilize these services will be charged the corresponding fees.
 

ACAT Out

$75

Per Account Transferred

Accounts that are transferred to another financial institution

Broker to Broker Transfer

$10

Per Transfer Request, Per Broker

Accounts that transfer part or all of their portfolio to another financial institution

Prime Brokerage: Receive & Deliver

$10

Per Occurrence

Prime Brokerage Accounts for receipt and delivery of securities

DRS Transfer - Out

$15

Per Security

Maintain account registration directly with the transfer agent

Accommodation Transfer

$75

Per Certificate

Transfers of stock from street name to personal certificate registration and delivery; if available

Legal Transfers - Standard

$75

Per Certificate

Transfers/deposits requiring legal papers in addition to stock powers

Legal Transfers - Restricted

$175

Per Certificate

Transfers/deposits of restricted stock requiring legal papers

Voluntary Reorganization

$25

Per Security

Reorganizations such as tender offers, whereby a customer may elect to participate

Wire Transfers - Domestic

$20

Per Transfer

Transfer of funds to another financial institution via Federal Wire System

Wire Transfers - Foreign

$45

Per Transfer

Transfer of funds to another financial institution via SWIFT Wire System

Check Copy

$5

Per Check

Copy of a check from check writing

Returned Check/ACH

$25

Per Occurrence

Checks/ACH deposited which are rejected for insufficient funds

Check Stop Payment

$20

Per Check Stopped

Placing a stop payment on a check issued by Pershing from your brokerage account

Check Writing

$2

Monthly

Only charged for accounts with assets under $5000

Account Inactivity*

$40

Annually per Account

Fee charged annually based upon a calendar year

Account Inactivity* - Mutual Fund only

$20

Annually per Account

Fee charged annually based upon a calendar year for accounts only owning mutual funds

IRA Maintenance

$35

Annually per Account

Fee charged annually based on anniversary date

Mutual Fund Only IRA Maintenance

$10

Annually per Account

Fee charged annually based on anniversary date for accounts owning only open end mutual funds

SEP/SIMPLE/QUALIFIED Plans Maintenance

$50

Annually per Account

Fee charged annually based on anniversary date.

IRA Termination

$75

Per Account

The closing or transfer of a retirement account or qualified plan

Overnight Courier

$20

Per Occurrence

Usage of overnight services such as UPS and FedEx

PREMIERE account

$75

Annually per Account

Enhanced feature account; speak to your financial representative for full details

Cash/Margin Extension

$10

Per Occurrence

Fee charged for inadequate cash or margin positions

Safekeeping

$2

Per Certificate per Month

For securities that are held at Pershing that are non-transferable

Statement Mailing Fee

$0.75

Per account statement

For certain account types that do not elect for paperless/e- delivery; speak to your financial representative for full details

Statement/Confirm Copy

$10

Per Item

Copy of statement or trade confirmation

Fees as of 09/2011

*Inactive accounts are defined as accounts holding a security position for a calendar year (January 1 - December 31) without generating a.) a trade or b.) a free credit or margin interest of at least $100. Mutual fund systematic reinvestments and exchanges will be considered a trade. Dividend reinvestment activity is not considered a trade. Inactive fees do not apply to retirement accounts where Pershing acts as custodian and collects fees. Accounts exclusively holding "book entry only" fixed income positions, an aggregate FundVest position of $10,000 or more are exempt from this fee.

*Please note that additional fees may be applied for certain services. Please speak with your Investment Professional for further information.

Limited Partnerships, Private Placements, and other Special Products held in Retirement accounts may be subject to additional fees.

This fee schedule is not all inclusive.  Additional fees may apply for other services.