Special service fees apply to account activities that are not a regular function of managing your money at Folio Institutional. If you have questions about these fees, please contact customer service.
Wire Transfers OutWiring cash from us to another financial institution. There is no charge for incoming wires. |
$30 per wire |
Full Account Transfer Out FeeApplied when you transfer your entire account to another brokerage firm. |
$100 per account |
Partial Account Transfer Out FeeApplied when you transfer some of the securities (e.g., stocks) in your account to another brokerage without selling the securities. |
$5 per security($25 min / $75 max) |
CheckbooksCharge for ordering 25 checks for an account.Charge for ordering 125 checks for an account. |
$7.50$12.50 |
Returned Check or WireApplied when there is a returned check or wire request due to non-sufficient funds (NSF). |
$35 per occurrence |
Returned EFTApplied when there is a failed electronic funds transfer (EFT) request. |
$10 per occurrence |
Stop Payment on Check |
$35 per check |
Check Copy |
$20 per check |
Disbursement of Funds by Check by Mail from Folio Investments, Inc.You may avoid this fee by using an EFT or writing a check from your account. |
$20 per check |
Express Mail |
$30 per mailing, M–F delivery $45 per mailing, Sat delivery |
Paper Copies of Account Statements & Confirmations |
$12.50 per statement or confirmation request |
Mail Delivery of Monthly Statements |
$150 per year |
Broker-Assisted Services: Buy & Sell Securities by phone, Transfer of Securities, Cash, and Tax Lots Between Accounts or FoliosYou can avoid this fee by performing these actions online, without Broker assistance. We do not provide these services by email. |
$45 per request |
ADR FeesCertain ADRs may be subject to service fees designed to compensate the agent bank performing the custodial services. The fees are charged periodically and typically range from between $.01 to $.03 per share. |
The ADR’s prospectus will provide specific information on applicable fees. |
Voluntary Corporate ActionFee applied per action when you participate in a voluntary tender offer. There is no charge for mandatory actions, such as mergers or acquisitions. |
$30 |
Charge for Special ServicesHourly charges apply when you require services not covered by the charges above, such as research requests, location research when customer contact information is outdated, manual credit card transactions, and validation for IRA distributions when beneficiaries are not designated or there are no living designated beneficiaries. A minimum one hour charge applies in all circumstances. |
$250 per hour |
Trading Service FeesFees to offset regulatory and transaction costs imposed on brokers relating to sell transactions in certain securities. |
Adjusted periodically |
Mutual Fund FeesWe currently offer no-load mutual funds. We may impose a commission charge for handling these mutual funds. Most mutual funds have early redemption fees and investment minimums. Please note that most mutual funds charge management, marketing and administration fees that are deducted directly from fund assets. We receive compensation from certain mutual fund companies for the recordkeeping, shareholder services, and other administrative services that we provide to shareholders of the funds. These shareholder services include transaction processing, settlement of trades, dividend distribution, record maintenance, and distribution of statements, confirmations, prospectuses and other regulatory shareholder documents.Early Redemption Fees assessed by mutual funds vary by fund. Please consult your prospectus for applicable charges. |
Fees vary by fund |
IRA Custodial FeeFor each IRA custodial account we will apply this fee annually, or when you close your IRA if this fee has not already been applied for the year. |
$25 per year |
Account Statement Alert Failure/Bad Email Address FeeApplied if your client’s email notice that a new monthly account statement is in their Statements & Tax Records is rejected due to a bad email address. Every month, we will send an email to advisors of clients whose emails are bouncing. This fee is only applied if you or your client fail to provide a new email address before the end of any month in which you receive this email. |
$5 per occurrence |
Residual Balance FeeQuarterly fee applied to closed accounts under closed memberships that still have a balance. This fee or the lesser of the remaining account balance will be charged quarterly. |
$15 |
Note: Other services may be available now or in the future—to see your account specific pricing, login to your account and view Pricing Plan Details on the Settings page. Prices subject to change.