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Pershing Ancillary Charges

For CMAP accounts, the ancillary fees must be charged directly to the client's account and not covered by the financial professional.

Account and Service Charges

As of October 2024

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Account or Service Fee Amount Frequency Included in WealthPort® Program Fee
Inactivity fee – standard (retail accounts and custodial fee)** $35.00 Annual  
Inactivity fee – accounts with mutual funds only (retail accounts custodial fee)** $17.50 Annual  
Paper Tax Document Fee $10.00 Annual Fee does not apply to CAAP®1 and UMA accounts.
Paper Subscription Fee (Fee for the paper delivery of documents such as statements, trade confirmation, and other notifications and letters) $2.00 Per month Fee does not apply to CAAP and UMA accounts.
529 annual maintenance fee (pass through from American Funds)*** $10.00 Annual  
529 set up fee (pass through from American Funds)*** $10.00 One time  
529 transfer fee $95.00 Per 529 transfer  
Cost basis fee – basic $1.00 for accounts with less than $50,000. No charge for accounts greater than $50,000. Per month X
DRS transfer** $10.00 Per DRS transfer  
Legal transfer fee/GNMA bond transfer** $135.00 Per transfer  
Outgoing transfer fee – retail accounts** $125.00 Per transfer  
UBTI tax filing fee** $200.00 Annual  
Year-end account report** $3.00 plus postage/handling Annual  
 
Retirement Account Fees
IRA, Roth IRA, 5305-SEP, and Education IRA maintenance fee** $43.50 Annual X
IRA maintenance fee – mutual fund only IRA** $12.50 Annual X
Conversion from regular IRA to mutual fund only IRA** $50.00 Per conversion  
403(b)(7), SIMPLE IRA Plan, Prototype SEP IRA maintenance fee** $58.50 Due at account set up and annually thereafter X
Pershing Individual 401(k), Simplified 401(k), Simplified Profit Sharing, and Simplified Money Purchase Plan maintenance fee** $75.00 Due at account set up and annually thereafter X
Qualified Retirement Plans (QRPs) – Pershing Flexible is 401(k), Flexible Profit Sharing and Flexible Money  Purchase Plan maintenance fee** $125.00 Due at account set up and annually thereafter X
Termination fee (retirement accounts)** $43.50 annual IRA maintenance fee (termination or maintenance fees will be charged to accounts that are closed on the 7th calendar day to the financial professional) $143.50 ($100 termination) Closure of account  
 
Cash Management Services
ATM/Debit Card
Corestone Silver $25.00 Annual  
Corestone Silver Plus** $50.00 Annual  
Corestone Gold ** $100.00 Annual  
Corestone Platinum** $150.00 Annual  
Corestone Gold Corporate** $150.00 Annual  
Corestone Platinum Corporate** $250.00 Annual  
ATM out-of-network surcharge fee (ATM not on PNC Bank or Allpoint network) Various    
Visa paid draft copy** $2.50 Per draft copy  
Foreign transaction (Visa fee for transactions outside U.S) 1% of the transaction Per transaction  
Cash advance fee (nonATM)** 0.25% or $2.50 minimum Per transaction  
Overnight debit card fee** $25.00 Per request  
 
Checking
Corestone personal checks – initial order** No charge    
Corestone personal checks reorder for Silver and Silver Plus** $12.50 Per reorder  
Corestone personal checks reorder for Gold and Corporate Gold** $10.00 Per reorder  
Corestone personal checks reorder for Platinum and Corporate Platinum** $7.50 Per reorder  
Corestone carbon copy checks – initial order** $15.00    
Corestone carbon copy checks – reorder checks** $25.00 per reorder Per reorder  
Corestone business check – initial order** $50.00 – One time purchase includes business binder, business register, deposit tickets, and 252 checks    
 
Checks
Corestone business check – reorder checks** $40.00 Per reorder  
Corestone business check binder – reorder** $20.00 Per reorder  
Corestone returned check fee** $25.00 Per returned check  
Corestone stop payment fee** $25.00 Per stop payment  
Corestone check copy** $2.50 Per check copy  
Corestone overnight checkbook fee** $20.00 Per reorder  
IRA resource checking return check fee** $20.00 Per returned check  
IRA resource checking stop payment fee** $10.00 Per stop payment  
IRA resource check copy** $2.50 Per check copy  
IRA resource checking personal checks – initial order No charge Includes deposit tickets and 10 checks  
IRA resource checking personal checks – reorder checks No charge    
IRA resource checking overnight checkbook fee** $20.00 Per overnight reorder  
 
Other Cash Management Services – Check Request
Overnight courier fee** $12.00 or $18.00 on Saturdays Per request  
Margin extension** $20.00 Per extension  
Returned ACH or check fee** $20.00 Per returned item  
Stopy payment/stop check fee** $10.00 Per stopped payment  
Wire transfer fee** $20.00 Per wire request  
 
Investment Specific
Dividend Reinvestment Program – retail accounts **Equities generate this fee. $1.00 Per transaction  
Dividend Reinvestment Program – IRA accounts** No charge    
Employee stock option plan (ESOP)** $50.00    
Foreign security safekeeping** $2.00 per position Per month  
Special products fee (alternative investment fee)*** $35.00 for registered positions Annual X
Special products fee (alternative investment fee)*** $125.00 for non-registered positions Annual  
Alternative investment subscription, redeption, or re-registration fee** $50.00    
Safekeeping fee** per position $2.00 Per month  
Systematic purchases or sells* $0.50 Per transaction X
Transfer and ship – DRS eligible securities (outgoing statement sent to transfer agent)** $15.00    
Transfer and ship – DRS eligible securities (incoming statement sent to transfer agent) *Computershare, Wells Fargo, and Registar and tranfer Company = $15.00 ***American National Sotck (AST) = $10.00    
Transfer agent fee for processing physical securities** Varies by transfer agent Per stock deposit  
Voluntary reorganization** $25.00 Per reorganization  
 
European Economic Area Specific (principally, this applies to equity securities with voting rights that are admitted for trading on a regulated market within the European Economic Area (EEA), and whose issuer has a registered office within the EEA.)
General meeting announcements and proxy voting (e-Delivery and investor mailbox) – notification $0.50 Per event  
General meeting announcements and proxy voting (e-Delivery and investor mailbox) – voting $2.00 Per event  
General meeting announcements and proxy voting (Proxy Edge) – notification Up to $2.00 Per event  
General meeting announcements and proxy voting (Proxy Edge) – voting Up to $2.00 Per event  
Naual vote instruction – noting $5.00 Per event  
Vote instruction requiring supplemental information/documentation – voting $3.00 Per event  
Shareholder disclosure notifcations for intermediary accounts – notification $1.50 Per event  
 
Securities and Exchange Commission Fee Rate (Effective May 22, 2024)
SEC Section 31 $22.80 per $1 million for covered sales Per transaction  

Asterisks show who the charges defaults to and who can pick up the charge:
*Defaults to the financial professional.
**Defaults to the client, but the financial professional may choose to reimburse.
***Client charge only.
1CAAP® is a registered mark of Cambridge Investment Research, Inc. for its program for investment managers.

Note: If an account does not have sufficient funds (or cash) to cover ancillary fees, the fees are subject to be allocated to the financial professional for any account regardless of the account program type.

Charges are subject to change.