Discount Brokerage Fee Schedule
Effective April 1, 2014
$125 per issue for electronic transfer of shares back to transfer agent.
Transfer & Ship Non-DRS Eligible
$250 per issue for physical stock delivery.
There is a $15 charge to initiate a wire from a UMB Financial Services, Inc. account.
Self-Directed IRA fees are charged by Fidelity Management Trust Company of Boston, Mass.
UMB Financial Services accounts that have no activity during a calendar year will be subject to a $50 fee. Accounts are reviewed on an annual basis.
There are several ways to prevent this charge, including:
Accounts exempt from $50 annual fee:
There is a $20 charge for each request made to place a stop payment on a UMB Asset Management check.
There is a $15 charge for each copy requested.
There is a $40 charge for each check that is 1) insufficient due to a lack of funds in your brokerage account, or 2) returned checks that were deposited to your brokerage account.
There is a $30 per trade extension fee if cash or securities to settle a trade are not available in the account by the second day after settlement date of the trade.
There is a $100 charge per account when a request is received to transfer all assets held in a UMB Financial Services account to another brokerage firm.
There is a $125 per issue charge if the security being deposited has legal papers attached.
$100 for stocks NIGO that must be returned to customer.
There is a $50 per issue charge for stock received as a physical deposit that must complete reorganization in order to be held in "street name" in a brokerage account.
There is a $35 per hour charge for all in-depth research that is requested by the customer.
There is a $500 charge for Restricted Stock that falls under Rule 144, Rule 144K, Rule 145, 701C3, and S3. The $500 fee covers the legal opinion issued by the attorneys and filing fees and legal fees.
There is a $75 per issue charge for re-registration of stock that is not being deposited into a UMB Financial Services account.
This schedule of fees is subject to change without notice. The annual custodial fee costs include, but are not limited to, confirms, statements, tax documents and postage.