Annual Fee
Preferred Portfolio Services® (PPS) Custom account investors will pay an annual account management fee. Other transaction charges and third-party custodial fees may apply; see below for details.
The total assets will be billed at the rate depending on what account size level they fall within.
Management Fee
Transaction Charges**
Transaction Charges**
Account Size | Maximum Annual Fee* |
$0–$1,000,000 | 1.10% |
$1,000,000–$2,000,000 | 0.90% |
$2,000,000+ | 0.55% |
*Please note: The minimum account size at account opening is $500,000. | |
EQUITIES | Maximum Charges |
OTC | $25.00 |
Listed | $25.00 up to 1,000 shares, +$0.01 per share thereafter |
FIXED INCOME | |
Treasuries, CDs, & Federal Agencies | $30.00 |
Corporates & Municipals | $30.00 |
UITs | $20.00 |
CMOs | $30.00 |
OPTIONS | $20 + $1.25 per contract |
MUTUAL FUNDS | |
Buy/Sell/Exchange | $20.00 |
*The maximum annual fee for certain account size and type may be negotiated.
**Plus $4.00 confirm fee for all transactions except mutual fund exchanges, NTF funds, and periodic investment/systematic withdrawal transactions. Maximum transaction charges for purchases and sales within the CGM, Dimensional Fund Advisors, Dodge & Cox, Sequoia, and Vanguard mutual fund families have increased to $35.