Legal
Fee & Compensation Disclosure
How account fees work and how the Custodian is compensated, including all sources of compensation.
1. Purpose
This Fee & Compensation Disclosure describes the fees applicable to an Account and all sources of the Custodian’s compensation. It supplements and is incorporated into the Custodial Account Agreement. Amounts below are the currently published schedule; the Custodian may change fees on notice.
2. Account fees
The Account is subject to the following categories of fees, each set out in the current published fee schedule:
- Annual account fee — a recurring administration fee, which may be flat or based on account value or number of assets.
- Establishment fee — a one-time account-opening fee.
- Transaction fees — per-transaction fees for purchases, sales, and processing, which may be higher for Alternative Assets.
- Alternative-asset fees — fees to hold and administer real estate, private placements, notes, metals, and similar assets, including recordkeeping and valuation processing.
- Wire, transfer, and distribution fees — fees for outgoing wires, transfers, and distributions.
- Special processing and termination fees — fees for expedited processing, re-registration, and account termination or transfer out.
Fees are deducted from Account cash; the Account Holder must maintain sufficient cash to pay fees and asset expenses.
3. Other sources of compensation
In addition to stated fees, the Custodian may receive: float — interest or other earnings on uninvested cash balances, which the Custodian may retain; and revenue from cash-program partners where uninvested cash is placed with a bank or program. These sources are part of the Custodian’s total compensation and may create an incentive regarding cash balances.
4. Third-party and asset-level costs
Investments carry their own costs (for example, fund expenses, sponsor fees, and closing costs), which are separate from the Custodian’s fees and are borne by the Account. The Custodian does not set or share in those costs unless disclosed.
5. Conflicts of interest
Because the Custodian earns fees to hold assets and may earn float, it has a financial interest in accounts being opened and funded. The Custodian mitigates conflicts by acting only on your direction, providing no advice or recommendations, and disclosing its compensation here.
6. Changes to fees
The Custodian may change fees by notice with a stated effective date; your continued use of the Account after the effective date constitutes acceptance. The current schedule is available on request and at investor-services.local/fees.
Educational only. This page is general information, not individualized investment, legal, or tax advice. Rules depend on your account type, transaction, tax year, and circumstances — consult a qualified professional.