Discount Brokerage Account

Transcription

1 Discount Brokerage Account Product & Service Information Your Financial Success Is Our Prime Concern PRIME FINANCIAL SERVICES Securities Offered through: Prime Capital Services, Inc. 11 Raymond Avenue Poughkeepsie, New York Phone: Fax: Member: NASD and SIPC

2 Our Products Your Prime Financial Services Discount Brokerage Account allows you to add to your professionally managed portfolio through direct access to our trading desk. Clients may call our trading desk directly or use the internet through mystreetscape.com to obtain quotes, place trades for the NASDAQ, AMEX and the NEW YORK STOCK EXCHANGE listed equities. Our Services Providing the best execution price for our clients is every bit as important to us as our ability to offer discount prices. Our Services include the following: Order entry for equity trading only. Stop Limit and Stop Loss order will be accepted for NYSE listed securities only. Good-Till Cancelled Orders ( GTC ) will be accepted on securities for all exchanges. 10 free quotes per trade ( $1.00 per additional quote per transaction ). Prompt execution of most equity trades. Clients will receive reports of executed transactions as they occur. Cash balances and margin buying power will be furnished upon request. To Open A Discount Brokerage Account Simply fill out the enclosed Account Application and Discount Brokerage Form and return it to our Customer Service Dept and your Discount Trading Account will be established. Clients will also have the ability to transfer funds from existing accounts with the assistance of our Customer Service Dept. as well as help with other questions or concerns you may have with your new account. Minimum Balance A minimum equity balance of $ in cash or securities is required in your account before you will be allowed to begin trading.

3 To Place A Trade Placing your trade in an expeditious manner is extremely important, particularly in a fast pace marketplace. In order to facilitate this process we request you have the following available when calling to place your trade(s). Simply call Prime Trade at Your Account Number Indicate whether your order is a Buy or a Sell. Specify the number of shares for your order. Be sure of the Stock Symbol, as many symbols can be similar. Indicate if your order is to be entered as a market order, limit order with a price, stop or stop limit order. Specify whether the trade will be in your cash account or margin account. Lastly, a telephone number where you can be reached to report an executed trade or discuss a trade problem. Settlement Of Trades Clients are required to settle all trades in 3 business days. Clients failing to settle trades will be subject to the provisions found in Section 4 of the New Brokerage Account Customer Agreement. Trade Confirmations Written trade confirmations will be mailed to you by your broker/dealer, Prime Capital Services, Inc. Trade Confirmations are mailed the day after the trade is executed. Investment Advice Prime Financial Services Discount Brokerage Service provides no investment advice. We only execute orders you give us. Be advised that investments in stocks have a high degree of risk and may not be appropriate for all investors. As with other forms of investing, the potential exists for both financial gains and losses.

4 MYSTREETSCAPE.COM Your Internet Link To The Market With mystreetscape.com, you can access your brokerage account through the Internet. This service allows you to: Retrieve account information quickly. Place your trades when you want. Have access to Professional Online tools. Have access to valuable market information. Getting Started To access a mystreetscape.com site, you will need an Internet service provider and access to the World Wide Web. With thousands logging onto the Internet daily, mystreetscape.com provides the latest account and market information to keep you up to date. You may contact our Customer Service Dept for more information. Securities Available Through Our Discount Brokerage Stocks NASDAQ Equities, AMEX, Exchange Listed Equities, Foreign Securities. Bonds Corporate, Municipals, Zero Coupons, Treasury Bills, Bond Notes and Notes Bought at Auctions. Mutual Funds Over 8,000 to select from

5 Price List FEE SCHEDULE Nasdaq Equities Amex Exchange Listed Equities $48.00 flat fee $48.00 flat fee $48.00 flat fee plus 1 cent per share Foreign Secutities Ordinary Shares $75.00 surcharge MISCELLANEOUS FEES ( Where Applicable ) Wires $15.00 Overnight Delivery $15.00 Extensions $ 5.00 Mailgrams $ 5.00 Returned Check $25.00 Voluntary tenders/reverse splits $38.00 Other Mandated tenders $38.00 Copies of back statements $ 5.00 per month IRA annual fee $35.00 Postage Fee $5.00 PRIME FINANCIAL SERVICES Securities Offered through: Prime Capital Services, Inc. 11 Raymond Avenue Poughkeepsie, New York Phone: Fax: Member: NASD and SIPC

6 Prime Capital Services, Inc. Discount Brokerage Account Disclosure Acknowledgement Account Name(s): Account Number: (To be filled in by Prime) Address: - Check for Internet Access this box must be checked to receive User ID and PIN number to access your account(s) on line. Your User ID and PIN Number will be ed to you. Please provide your address below: I have received and carefully reviewed the information on Prime Capital s discount brokerage account and understand the process for trading in my account as well as all costs involved. I fully understand that I will be responsible for placing all orders in my account by either calling Prime s trading (845) or placing them on line. Should I have any further questions or need further clarification as to the procedures, I will call a Prime Capital relationship (845) Client Signature Date Client Signature (if joint) Date New Accounts Approval Date