Households are assessed an annual management fee based on the total value of assets across all accounts within a household. As funds accumulate in a household's accounts, the annual fee is adjusted to match the below account tiers. Once a new tier is reached, all accounts for the household will receive the new, lower fee.*
1.1% Fee
0.90% Fee
0.55% Fee
Maximum Transaction Charges by Security or Contract**
Equities
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.
***In addition to the annual management fee, PPS Custom Program clients may pay transaction charges, administrative charges, and miscellaneous account fees and charges, as described in the Master Services Agreement (MSA) or PPS Client Agreement (as applicable) and Commonwealth’s ADV Part 2A Brochure.
