Self directed brokerage account fees

With a self directed brokerage account from U.S. Bancorp Advisors, you have two easy ways to invest. You can place trades directly online, either through your account at usbank.com or within the mobile app, or you can place trades by phone for an additional fee through the U.S. Bancorp Advisors Client Service Center.

Fees for trades placed online2,3

  • Equities, exchange-traded funds (ETF) and closed-end funds: $0
  • Options: $4.95 per order plus $1.00 per contract4
  • Mutual funds:

    • No load: $0

    • Funds with sales loads: subject to applicable sales charges according to the prospectus

Fees for trades placed through the U.S. Bancorp Advisors Client Service Center2,3

  • Call 800-634-1100
  • $25 for Brokerage Service Associate assistance plus online commission rate

Additional brokerage account fees

Fee type

Fee cost

Trade extensions

$15 per occurrence

Wire transfers

$30 per transfer

Returned check

$30 per occurrence

Certificate re-registration5

$75 minimum per issue

Certificate  transfer and ship

$65 per issue

Account transfers and IRA closeout

$100 per account

Electronic transfer return/Non-sufficient funds

$30 per occurrence

Overnight check

$15 per occurrence

Stop payment

$25 per occurrence

Safekeeping

$15 per month

Foreign securities6

$75 per transaction

Legal transfers

$50 per occurrence

Alternative investments annual fee

$35 per registered product

$125 per non-registered product

Research

$20 per hour

Fee type

Fee cost

Trade extensions

$15 per occurrence

Wire transfers

$30 per transfer

Returned check

$30 per occurrence

Certificate re-registration5

$75 minimum per issue

Certificate  transfer and ship

$65 per issue

Account transfers and IRA closeout

$100 per account

Electronic transfer return/Non-sufficient funds

$30 per occurrence

Overnight check

$15 per occurrence

Stop payment

$25 per occurrence

Safekeeping

$15 per month

Foreign securities6

$75 per transaction

Legal transfers

$50 per occurrence

Alternative investments annual fee

$35 per registered product

$125 per non-registered product

Research

$20 per hour

Brokered certificates of deposit, corporate and municipal bonds

Transactions in brokered certificates of deposit and corporate and municipal securities will be transacted on a principal or agency basis and include a fair market markup or markdown, which will be reflected in the execution price of the security.

Government securities and agencies

Primary market U.S. Treasuries purchased directly at auction are $100 per transaction (bills, notes, and bonds).

Secondary market transactions in government and agency securities will be transacted on a principal or agency basis and include a fair market mark-up or markdown, which will be reflected in the execution price of the security.

 

Load mutual funds, unit investment trusts and variable annuities

These types of investments are subject to applicable sales charges and/or redemption fees as stated in the prospectus.

Investors should consider an investment’s objectives, risks, charges, and expenses before investing. Please read the prospectus before investing. Minimum purchase requirements vary.

Ready to get started?

Choose an account and start investing today. Self-directed investing is exclusively available to current clients of U.S. Bancorp Advisors or its affiliate, U.S. Bank. Not a client yet? We’re here to help you get started—give us a call at 800-634-1100.

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Disclosures

Please refer to our disclosures and agreements.

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  1. Exchange Traded Funds (ETFs) are subject to risks similar to those of stocks, such as market risk. Investing in ETFs may bear indirect fees and expenses charged by ETFs in addition to its direct fees and expenses, as well as indirectly bearing the principal risks of those ETFs. ETFs may trade at a discount to their net asset value and are subject to the market fluctuations of their underlying investments.

  2. Unless noted, commissions are included in the total amount of the transaction. Additional account fees may apply for special research items. All fees are subject to change without notice. Fees may be reduced or waived under certain circumstances.

  3. Options transactions and sales of equities and ETFs are subject to a regulatory transaction fee, which appears on trade confirmation as the “Activity Assessment Fee” when applicable.

  4. Options Trading is a sophisticated trading strategy involving a higher degree of risk and the possible loss of principal.

  5. Additional re-registration fees may be charged by the transfer agent.

  6. Trading limitations or restrictions may apply. Contact us with questions.

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Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Investments is a marketing logo for U.S. Bancorp Advisors.

U.S. Bancorp Advisors and their representatives do not provide tax or legal advice. Your tax and financial situation are unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Brokerage and investment advisory products and services are offered by U.S. Bancorp Advisors, LLC, an SEC-registered broker-dealer, investment adviser, member FINRA / SIPC, and subsidiary of U.S. Bancorp and affiliate of U.S. Bank, N.A.

Insurance services are offered by USBA Insurance Services, a dba of U.S. Bancorp Advisors, having a California domicile and principal place of business at 800 N. Brand Blvd., 16th Floor, Glendale, CA 91203, CA Insurance License #6011694. Products may not be available in all states.

U.S. Bancorp Advisors is registered with the Securities and Exchange Commission as both a broker-dealer and an investment adviser. To understand how brokerage and investment advisory services and fees differ, the Client Relationship Summary and Regulation Best Interest Disclosure are available for you to review.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1-800‐289‐9999 or via https://brokercheck.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

Municipal securities education and protection – U.S. Bancorp Advisors is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB). An investor brochure that describes the protections that may be provided to you by the MSRB rules and how to file a complaint with an appropriate regulatory authority is available to you on the MSRB website at www.msrb.org.

National Financial Services LLC (NFS), our clearing broker-dealer and custodian, bills U.S. Bancorp Advisors, LLC (USBA) using bundled fees that cover a range of account services. Bundled refers to a method of combining multiple individual services or charges into a single, consolidated or “bundled” fee. Instead of itemizing every service and its cost separately, firms like NFS group several related account services such as account clearing, custody, maintenance, and support, into one bundled fee.

In connection with its capacity as the introducing broker-dealer on your account held at NFS, USBA will charge you fees for certain services it and NFS provides, and these fees are reflected on the fee schedule provided to you at the time you open your account. USBA sets its own fees to reflect both these bundled services and our operational and administrative costs for services provided by NFS, including essential services like account clearing, custody, and platform support. These services are provided to help ensure your account operates smoothly and securely. NFS allows us to markup fees it charges, including its bundled fees, and we do markup these fees. As a result, we effectively pass on the bundled fee to you, and also earn additional revenue in the amount of the markup we decide to charge. These markups apply to services such as returned checks, wire transfers, or account maintenance.  

Choosing a clearing broker-dealer that permits markups on its fees, and deciding to charge such markups, constitutes a conflict of interest for USBA. The markups result in a profit to USBA because they generally result in revenues for USBA that are in excess of the amount of the bundled fee USBA must pay to NFS for the services it provides in connection with accounts USBA introduces to NFS. To mitigate these conflicts of interest, USBA regularly reviews the overall fees on its fee schedule to ensure they reflect actual or reasonably estimated costs, provide reasonable profits to USBA, and remain fair, reasonable, and aligned with industry benchmarks and client expectations.  

Clients can view any fees charged to their account by referring to their account statements or can request a detailed explanation by calling 800-634-1100. For more details, please refer to usbank.com/usba-agreements for the U.S. Bancorp Advisors Fee Schedule, Disclosures, and Services Agreement.  

Fidelity Investments® and National Financial Services LLC (NFS) together (“Fidelity”) is an independent company, unaffiliated with U.S. Bancorp Advisors (USBA) or its affiliates. Fidelity is a service provider to USBA. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity has not been involved with the preparation of this content and does not guarantee, or assume any responsibility for its content. Fidelity provides clearing, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 1224993.1.0  

Accounts are carried by National Financial Services LLC, a Fidelity Investments broker-dealer and a member of NYSE and SIPC.  

Fidelity Investments is a registered trademark of FMR LLC.