Processing & Custody Fees
Postage and Handling |
Fees |
| Trade confirmations, per account, per day, U.S. Mail delivery |
$1.50 |
| Account monthly statements, U.S. Mail delivery |
$5.00 |
| Trade confirmations, electronic delivery |
FREE |
| Account monthly statements, electronic delivery |
FREE |
Check Writing Accounts (Reich & Tang Funds) |
Fees |
| Check writing
capabilities from your account |
FREE |
| First checkbook |
FREE |
| Checkbook
reorders |
$15.00 |
| Copy of a
check |
$5.00 |
| Insufficient Funds Fee |
$25.00 |
| Stop payment
on a check |
$25.00 |
| Returned check
charge |
$25.00 |
| Annual fee for Spectrum Account with debit card only |
$50.00 |
| Annual fee for Spectrum Account with debit card and checks |
$50.00 |
Cash Movement Fees |
Fees |
| Check request
for withdrawal of funds/U.S. Mail |
FREE |
| Check request
for withdrawal of funds/Overnight delivery (Domestic) |
$20.00 |
| Check request
for withdrawal of funds/Overnight delivery (International) |
$50.00 |
| Check request
for withdrawal of funds/Sat. delivery |
$30.00 |
| Fed Funds
wire request for withdrawal of funds |
$15.00 |
| Fed Funds
wire request for withdrawl of funds from futures account |
$25.00 |
| Fed Funds
wire - Incoming |
FREE |
| ACH transactions |
FREE |
Clearing Firm Fees |
Fees |
| Outgoing ACAT
to another clearing firm |
$50.00 |
| Incoming ACAT
from another clearing firm |
FREE |
| Journal request
between related accounts |
FREE |
| DTC transfer
per stock |
$15.00 |
| Returned check
charge |
$25.00 |
| Stock certificate
request |
$75.00 incl. FedEx |
Voluntary
corporate actions
(tender offers, elections, exchange offers, etc.) |
Variable |
| Stock reorganizations (stock splits, symbol changes) |
FREE |
Inactive account
(applicable to accounts under $100 in equity
and inactive for over 12 months) |
$50.00 |
| Archived statement
retrieval (For statements older than one year) |
$25 per qtr./min $25 charge |
| Reg T and
15c-3 (short sale) extension requests |
$25.00 per request |
| Restricted
stock certificate processing (144, 144-K, Prospectus Sale) |
$190.00 incl. FedEx + pass thru TA |
| Restricted stock certificate re-registration |
$65 incl. FedEx + pass thru TA |
| Alternative investments, including limited partnerships, private limited partnerships, LLCs, promissory notes, private placements |
$30/quarter, $50 setup |
| Safekeeping fee (per security) |
$30/quarter |
Retirement Account Fees |
IRA's* |
Individual 401K Plan** |
| IRA termination fee |
$50.00 |
$150.00 |
| IRA annual fee
(billed semi-annually) |
$50.00 |
$400.00 |
| Other account fees |
Variable |
Variable |
IRA Non Standard (i.e. limited partnerships and private placements) Asset Fee - $300 (per security)
*Fees apply to the following IRA types: Traditional, Roth, Rollover, SEP, SIMPLE, Beneficiary and Educational IRA's.
**401K Loan Acceptance – Currently not available |
