Commission Schedule
Broker Dealer Services allows you to buy and sell most securities with a very competitive commission charge. Here are the charges, subject to change:Stocks
|
Transaction
Amount ($) |
Sales Charges
as % of Principal |
|---|---|
|
0 - 1,000
|
$35.00
|
|
1,001 - 5,000
|
+ 1.00%
|
|
5,001 - 15,000
|
+ .90%
|
|
15,001 - 25,000
|
+ .80%
|
|
25,001 - 50,000
|
+ .70%
|
|
50,001 - 100,000
|
+ .60%
|
|
100,001 - 250,000
|
+ .50%
|
|
250,001 - 500,000
|
+ .40%
|
|
500,001 and over
|
+ .30%
|
Additional $.02 per share for shares over 3000.
Good till canceled (GTC) orders will remain in force for 120 days.
Bonds and Treasuries
Bonds are traded on an agency basis. Whether buying or selling, the commission is calculated on the current market value of the bond, determined by currently acceptable industry standards, and disclosed on the confirmation statement.
Mutual Funds
|
Transaction
|
Cost | |
|---|---|---|
| Purchases | ||
| Load funds | Sales charges assessed by mutual fund company | |
| No-load Funds | $50.00 | |
| Redemptions | ||
| Load funds | $15.00 | |
| No-load funds | $25.00 | |
CDs and UITs
| CD Purchase | Minimum sales charge of $50.00. |
| CD Redemption | Based on quantity and current market value of position. |
| UIT Purchase | Sales Charge from sponsor (i.e., Nuveen, VanKampen). |
| UIT Redemption | $50.00 |
Fee Based Commissions and Wrap accounts also available.
Before investing in mutual funds, investors should carefully consider the investment objectives, risks, charges and expenses of the funds. This and other information is contained in the free prospectus, which can also be obtained from your local representative or by calling 1.800.800.222.5852. Please read the prospectus carefully before investing.
