Standard Fee & Commission Schedule

Transcription

1 Standard Fee & Commission Schedule Effective March 1, 2008

2 TABLE OF CONTENTS Investment Services (Provided through Financial Advisors or Client Services, ) Equities...1 Options...1 Mutual Funds...1 Government Agencies/Treasury Bonds and Zeros/Municipals/Mortgage Backed Securities...2 Corporate Bonds & Municipal Revenue Bonds...2 Margin Borrowing...2 Online and Voice-Activated Trading (Online Trading login at unionbank.com and telephone trading provided through )..2 Equities...3 Options...3 Mutual Funds (No Load)...3 Important Online and Voice-Activated Telephone Trading Information...3 Additional Items (Provided through Financial Advisors or Client Services, )...4 International Fixed Income Settlement/Clearance...4 International Equities Settlement/Clearance...4 Wire Transfers...4 Legal Items...4 Handling Charges...4 Clerical Charges...4 Pay By Check Accounts (insufficient funds; stop payments)...4 Extensions...4 Full Transfer of Account Deliveries...4 Annual Custody Fee for Inactive Account...4 Annual Custody and Valuation Fee for Alternative Investments...4 Legal Returns...4 Legal Transfers...5 Mailgrams...5 Physical Reorganizations...5 Transfer and Ship...5

3 STANDARD FEE AND COMMISSION SCHEDULE UnionBanc Investment Services offers a wide range of investment products and financial services from one convenient, reliable source. Equities Please note: these rates and fees are subject to change. Dollar Amount Commission Rate $0 2,500 $ % of dollar amount $2,501 6,000 $ % of dollar amount $6,001 22,000 $ % of dollar amount $22,001 50,000 $ % of dollar amount $50, ,000 $ % of dollar amount $500,001 over $ % of dollar amount Minimum charge Maximum charge Low Priced Equities: Equities less than $1.00 per share will be charged 4.5% of the principal with a $45 minimum charge. For any trades placed where the actual trades are not marked all or none and take longer than one trading day to fully execute the trade, a separate commission fee based on the appropriate schedule (either regular or electronic) will be incurred for each day a trade is executed to complete the entire order. For example, if the initial trade is for a purchase of 500 shares, and 200 shares are purchased the same day and the balance of 300 shares are purchased on one subsequent day thereafter, two separate commission fees will be charged to the account. Large Block Transactions: Please contact the Investment Services trading manager on orders of 10,000 shares or more or on orders over $250,000 which may be eligible for special handling and/or special pricing. Activity Assessment Fee (formerly SEC Fee): % of the principal amount is charged on most equity sales. Options* $.04 per share or $45 (whichever is greater) $.55 per share Dollar Amount Commission Rate $2,000 and under $ % of dollar amount $2,001 10,000 $ % of dollar amount $10,001 and over $ % of dollar amount Minimum charge: $3 per contract (All option transactions are subject to an overriding minimum commission of $45). Maximum charge: $30 per contract *Minimum commission: $45 per trade. 1

4 Activity Assessment Fee (formerly SEC Fee): % of the principal amount is charged on most equity sales. Mutual Funds Minimum investment for retirement accounts $1,000 Minimum investment for all other accounts $2,000 No-load funds: $50 per transaction. (HighMark Money Market Funds 1, 2 are exempt from this fee.) The fee shown is in addition to those charged by the fund companies. Funds can be obtained directly from the fund company without our service charge. Government Agencies/Treasury Bonds and Zeros/Municipals/Mortgage Backed Securities 3 UnionBanc Investment Services usually acts as principal for these securities. Treasury Auction Orders are charged a $100 fee. Corporate Bonds & Municipal Revenue Bonds 3 UnionBanc Investment Services will act as agent for these transactions. Margin Borrowing Interest will be charged annually On a margin at National Financial Base debit balance of: Leading Rate (NFBLR)* plus: $0 9, % $10,000 24, % $25,000 99, % $100, , % $500, % * The NFBLR is the broker call rate %. ONLINE AND VOICE-ACTIVATED TELEPHONE TRADING FEES AND COMMISSIONS Access your account in two convenient ways online or through our voice-activated telephone service. Both let you check balances, positions and order status, as well as make trades The following rates apply only to trades of stocks, options, and no load mutual funds placed electronically through online investing or voice-activated telephone investing. Otherwise, our standard fees and commission will apply. Online and voice-activated telephone trading rates apply to commissions only. Any applicable fees from our Standard Fee and Commission Schedule apply to electronic transactions and activity. These rates and fees are subject to change. 2

5 Equities (Listed/Over The Counter) Share Amount Commission 0 1,250 shares $19.95 per trade 1,251 + shares $19.95 plus $.02 per share for share amounts over 1,250 Low Priced Equities: Equities which are less than $1.00 will be charged 2.5% of the principal with a $19.95 minimum. Effective immediately, for any trades placed where the actual trades are not marked all or none and take longer than one trading day to fully execute the trade, a separate commission fee based on the appropriate schedule (either regular or electronic) will be incurred for each day a trade is executed to complete the entire order. For example, if initial trade is for a purchase of 500 shares, and 200 shares are purchased the same day and the balance of 300 shares are purchased on one subsequent day thereafter, two separate commission fees will be charged to the account. Options $19.95 per trade plus $1.50 per contact. Mutual Funds (No Load) $19.95 per transaction (HighMark Money Market Funds are exempt from this fee). 1, 2 The fee shown is in addition to those charged by the fund companies. Funds can be obtained directly from the fund company without our service charge. Important Information on Online and Voice-Activated Telephone Trading Online investing and voice-activated telephone investing can NOT accommodate the following transactions please call or your Financial Advisor for these types of transactions. (You will still receive the electronic rate on the trade.) Equity trades over 10,000 shares in size Option trades 1, 2 over 100 contracts in size Mutual fund trades over $100,000 in value Most International securities Mutual fund purchases placed by number of shares (but online mutual fund purchases may be placed by dollar amount) Short sales and cancel and replace orders are not possible via voice-activated telephone investing Important: For these types of transactions, always indicate that you are an online or voice-activated telephone investing customer placing a trade outside system limits so that you are charged fees from the Online and Voice-Activated Telephone Trading Commission Fees. Please be aware that a 3

6 $2.25 per transaction handling charge, other applicable fees listed in the Additional Items section of our Standard Fee and Commission Schedule, and applicable SEC fees also apply to electronic transactions. The online commission calculator ( does not reflect these additional items, and displays the commission only. ADDITIONAL ITEMS A surcharge will apply for the following: International Fixed Income $50 Settlement/Clearance International Equities Settlement/Clearance $75 (excluding Canadian equities; surcharge applies) Outgoing Fed Wire Domestic $50 International $75 Incoming Fed Wire No Fee Legal Items (i.e., re-registration, accommodation transfer, etc.) $15 per issue Handling Charges (per transaction) $2.25 Clerical Charges (includes research fee) $30/hour ($30 minimum) Express Delivery Domestic $15 International $20 Return Check Fee $25 Stop Payment Check Fee $25 Extensions $10 Charged when cash or securities are not available to settle a trade by the extension date, and a trade extension is filed with the NYSE. Full Transfer of Account Deliveries $75 Charged when a customer s entire account is transferred to another brokerage firm. Annual Custody Fee for Inactive Account $25 Charged when an account has had no trading activity or margin interest within the previous 12 months. UBOC Retirement accts, Portfolio Connection and Managed Account Solutions are exempt from this fee. Legal Returns $25 Charged when certificates are returned to a customer due to a not in good order status which is in effect for more than 45 days. Legal Transfers $20 4

7 Charged when a transfer requiring legal documentation is completed. Mailgrams $5 Charged as a result of a trade-related obligation or margin deficiency that requires communication to the customer. Physical Reorganizations $20 Charged when a certificate is deposited into a customer s account after the mandatory reorganization action date has passed. Transfer and Ship $35 Charged when a customer requests receipt of a physical certificate. IMPORTANT NOTICE Investments available through UnionBanc Investment Services LLC, a registered broker-dealer, investment advisor, member FINRA/SIPC, and subsidiary of Union Bank of California, N.A.: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed. 1 Although money market funds seek to maintain a $1.00 per share net asset value, there can be no assurance that such funds will be able to sustain this objective, and it is possible to lose money by investing in a money market fund. Please obtain a prospectus and read it carefully before you invest. Past performance is not an indication of future results. 2 HighMark Funds are distributed by SEI Investments Distribution Co., which is unaffiliated with the advisor, its parent, or any affiliates. HighMark Capital Management, Inc., a registered investment advisor, is a wholly owned subsidiary of Union Bank of California, N.A. and serves as investment advisor for HighMark Funds. Union Bank of California, N.A. provides certain services to the funds and is compensated for these services. For more complete information about HighMark Funds and other mutual funds available through UnionBanc Investment Services, including charges and expenses, please request a prospectus and read it carefully before you invest. 3 Bonds are subject to various risks including changes in value, interest rates, credit quality, inflation, prepayments, corporate events, and other factors. Bonds may be worth less than their original cost if sold or redeemed prior to maturity. Tax implications vary. Consult your tax advisor prior to investing. If you have any questions, contact your Financial Advisor directly or call Client Services at To access our online investment services, or for more information about investments available through UnionBanc Investment Services, visit us at unionbank.com. 5