The following ticket charges apply to specified investments for specific brokerage transactions:
|Mutual Funds||$25 1,2,3||$30 1,2,3|
|Mutual Fund PIPs and SWPs||No Charge||No Charge|
|Mutual Fund Exchanges||$10 round trip||$20 round trip|
|Alternative Investments and Special Products||N/A||$604|
|Unit Investment Trusts (purchases, early redemptions and rollovers)||N/A||$40|
|Variable Annuities and Variable Life||N/A||N/A|
|Listed Equities5||$25 +$.02/share||$35 + $.02/ share|
|Options6||$25 + $1.50 / contract||$35 + $1.50/ contract|
|Corp Listed Bonds||$30 + $1 / bond||$30 + $1 / bond|
|Corp OTC Bonds||$30||$30|
|Muni, Govt, CMO, Zero, Mortgage Backed||$30||$30|
|CDs, Banker’s Acceptances and Commercial Paper||$30||$30|
1 Premier Funds have reduced ticket charges applied to purchase transactions in brokerage accounts.
2 Fidelity Retail Fund trades a) are only authorized if adding to positions existing before 1/1/2000, b) have a $20 ticket charge, and c) generate no commission.
3 Ticket charges do not apply to NTC or FundVest mutual fund transactions in managed accounts. There is a $50 short term redemption fee charged by Pershing, LLC on FundVest funds if held less than six months. No trail commissions are paid on NTC funds on the National Financial Platform – the trail is retained by National Financial. Trails are paid on FundVest funds on the Pershing Platform.
4 Brokerage transactions in Alternative Investments (National Financial) or Special Products (Pershing) include Limited Partnerships, REITS and Private Equity and Debt Securities. Charges apply to initial and subsequent purchases, sells and redemptions. For Pershing, the ticket charge is $50 in retirement accounts and $100 in non-retirement accounts and is charged directly to client accounts.
5 Listed Equities include MLPs, REITs, Exchange Traded Funds (ETFs) and Closed-end Mutual Funds listed on an exchange.
6 There is a $30 charge for option assignments.
|Premier Funds||Ticket Charge Discount vs. Ticket Size|
|$5,000 to $10,000||$10,000 +|
|Allianz Global Investors, American Century, BlackRock, Columbia Management, DWS, Fidelity Advisors*, Franklin Templeton, Hartford*, Invesco, Ivy Funds, John Hancock*, J.P. Morgan, Lord Abbett, Nationwide, Oppenheimer, Pacific Life, PIMCO, Pioneer*, Principal Funds, Prudential, Putnam*, and Wells Fargo||$10 Discount||$20 Discount|
|*100% discount (no ticket charge) on brokerage transactions $10,000 or greater.|