Fee Disclosure
REORG/ Dividends/Transfers
ACAT and Non-ACAT (full or partial) Transfer Out*Plus Free delivery charge for each position |
$125 per account |
Free Deliveries DTC |
$45 per security |
Mandatory Reorg Corp Actions |
$45 per account |
Voluntary Tender/ Exchange Offer/ Bond Put |
$55 per election |
Axos Clearing Assisted Dividend Posting (Asset not held at Axos Clearing) |
$15 per item |
Cash Dividend outgoing check |
$10 per check |
Checks Processing
Stop payments |
$55 per stop |
Returned Checks |
$60 per check |
Photocopies of Checks |
$15 per check |
Prepayments of Unsettled Funds |
$50 per item, plus interest |
Check Writing Stop Pays |
$25 per check |
Returned ACH Items |
$75 per return |
Qualified Plan Accounts (IRA, 401(k), Sep, etc.)
IRA Annual Custodial Fee |
$80 per plan |
Transfers (including transfer of Roth to/from Traditional IRA) |
$125 per transfer |
Termination Fee |
$100 per plan |
DWAC
DWAC Charge |
$100 per item |
DWAC Reject Charges |
$0 at cost |
Alternative Investments
Alternative Investment Reconciliation |
$140 per year (charged quarterly) |
Re-registration of Stock or Alternative Investment |
$70 per re-registration, plus cost |
Transfer on Death (TOD) Registration
TOD Application fee |
$90 per account setup |
TOD Change/Revocation |
$90 per account change |
TOD Distributions |
$300 per distribution |
Securities Processing
Long Positions (sub-penny, book entry) |
$0.006 per 10,000 shares, monthly |
Clearance or Transfer of Restricted Stock |
$100 per item, plus cost |
Physical Security Processing
Certificate request DTC |
$1,000 per certificate |
Rush Withdrawal DTC |
$150 additional |
Physical Settlements |
$100 per settlement, plus cost |
Rejected deposits DTC or agent |
$185 per certificate |
NY Window / Physical Delivery |
$50 per security |
Transfer agent charges |
$0.00 as incurred, plus any mark-up |
Wire Transfers
Domestic |
$50 per wire |
International |
$125 per wire |
Research Requests / Service Messages |
$50 per request |
Overnight Delivery (UPS)
Domestic |
$60 per delivery |
International |
$150 per delivery (other fees may apply) |
Foreign Securities
ADR Fee |
$0.005 per item, plus transaction cost |
Transfer In / Out – Physical Certificate (Foreign) |
$150 per certificate, plus cost |
Physical Certificate Request |
$1,000 per certificate, plus cost |
Foreign Currency Conversions |
$50 per conversion |
Foreign Currency Transaction Postings |
$25 per posting |
Other Fees
Worthless Security Processing |
$30 per security |
Manual Option Exercise Request |
$25 per request |
Cashless Stock Options |
$165 per request, plus 1% of Proceeds plus costs |
Trades Settled Same Day (Cash Trades) |
$35 per trade |
Bond Redemption / Conversion (Physical Only) |
$50 per item, plus cost |
Reg-T Extensions |
$75 per extension |
Vault Services |
$140 per year |
ACCPA Check Writing and Platinum Card |
$60 per year |
Other Services
Disclosures
DISCLAIMER–ADDITIONAL FIXED COMMISSION: TRANSACTIONS IN SECURITIES WILL BE CHARGED AN “ADDITIONAL FIXED COMMISSION”, WHICH IS DISCLOSED VIA EACH CUSTOMER CONFIRMATION. VCSV HAS INDEPENDENT OFFICES WHICH MAY CHARGE A DIFFERENT FIXED COMMISSION AT IT’S SOLE DISCRETION. A PORTION OF THIS FEE IS COMPRISED OF DIRECT TRANSACTION AND POSTAGE CHARGES IMPOSED BY AXOS CLEARING AND THE BALANCE IS RECEIVED BY VCSV AS ADDITIONAL REVENUE, PORTIONS OF WHICH MAY BE SHARED WITH YOUR BROKER, AND ULTIMATELY WILL CONSTITUTE ADDITIONAL COMPENSATION TO VCSV AND / OR YOUR BROKER. THIS FEE IS IN ADDITION TO ANY OTHER COMMISSION CHARGES. CONTACT YOUR BROKER OR VCSV’S CORPORATE HEADQUARTERS FOR FURTHER DETAILS
Commissions – All commissions are charged on a negotiated basis between the registered representative and the client and adhere to the regulatory guidelines.
The above fees for services provided by Axos Clearing, the clearing firm, or VCS Venture Securities may be charged to your account at the time of/or prior to the service being rendered. VCS Venture Securities and/or VCS Venture Securities representative(s) may receive a portion of the fees charged by the clearing firm (including, but not limited to, margin interest and handling fees). These fees and charges may be passed onto you to include the costs associated with the processing of transactions and may be a source of additional compensation to the firm and/or registered representative.
VCS Venture Securities charges a $99 additional fixed commission on all transactions in addition to any applicable fees, charges, taxes, commissions, markups/markdowns charged to your account. A small portion of this fee is remitted to VCS Venture Securities clearing firm and the remainder is retained by VCS Venture Securities as transaction based remuneration and may be a profit to the firm, as well as additional compensation to the firm and/or registered representatives. The brokerage commission is used for the following expenses but not limited to: clearing firm expenses (see above), online access, clearing firm account, fidelity bond, insurances, support staff salaries, rent, office supplies, IT support and equipment, state registrations, legal, FinOP & accounting, consultants, telephone, overnight and regular mail, training, subscriptions & publications, FINRA fees, general office expenses, NASDAQ fees, AML charges, exchange fees, in addition to other various vendors and/or expenses not previously mentioned. Please contact your account representative if you have any questions or need additional information.
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