Stock Trades
Stock Trades can be done through our office or direct at our Trading Desk. Below is a partial list of account charges associated with Pershing Brokerage accounts:
See below for mutual fund trades held directly at the Fund Company
Commission Schedule*
|
Equity Trades
Transaction Amount
|
Commission Rate
|
| Less than $5,000 |
$50.00 |
| $5,000 to $10,000 |
$75.00 |
| More Than $10,000 |
$100.00 |
| |
|
|
Mutual Fund Trades
|
|
| Load Purchase |
Sales Charge Accessed by Fund |
| No-Load Purchase |
$35.00 |
| Load Redemption |
$15.00 |
| No-Load Redemption |
$15.00 |
| Exchange |
$4.00 |
*Commission Schedule applies only to standard brokerage accounts. Fees subject to change without advance notice. For a full list of charges associated with a Pershing standard brokerage account, please contact our office for a brochure.
Fee Schedule**
| Annual Inactive Fee |
$35.00 |
| Outgoing Retail Transfers Fee |
$75.00 |
| Annual Custodian Fee (Retirement IRA) |
$35.00 |
| IRA Termination Fee |
$75.00 |
| Legal Transfers |
$75.00 |
| Transfer & Ship (equities, corporates, munis, govs & UITS) |
$75.00 |
| Margin Extension Fee |
$20.00 |
| Reorganization Fee - Mandatory |
$10.00 |
| Reorganization Fee - Voluntary |
$30.00 |
| Returned Check Fee |
$25.00 |
| Check Stop Payment |
$15.00 |
| Wired Funds Fee |
$25.00 |
| Overnight Mailing Fee |
$20.00 |
| Certified Check Delivery |
$12.00 |
| ACH Return Charge |
$25.00 |
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|
**Fees subject to change without advance notice. For a full list of charges associated with a Pershing standard brokerage account, please contact our office for a brochure.
To place your brokerage trades direct, call MetLife Trading Desk at 800.638.8378.
Mutual Funds held directly at the Fund Company can also be placed with the respective Fund Company. Typically the Fund companies do not charge a fee to exchange or redeem funds within their family of funds. Please consult the fund prospectus to verify fees and/or expenses that may be associated. Exchanges or redemptions may result in a taxable event and should be verified with your tax professional. Consult your fund statement for account and phone numbers.
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