Home Welcome Betterinvesting Members   Login

 
 
 
 

Fees

   
 
Service Fee Comments
  Account Types   Several account types are available: Individual, Joint, Custodial, Partnership, Investment Club, Corporate, Trust, Traditional IRA and Roth IRA . You may open multiple accounts if you wish. These will be maintained separately and each account can elect a different Investing Plan.
  Opening an Account No Minimum Balance Required Our account registration process is online. Certain account types (Partnership, Investment Club, Corporate, and Trust accounts) require extra documentation and will be asked to mail those in.
  Investing Plans   MyStockFund offers three standard investing plans. Investing plan pricing may vary from our retail site depending on partner or affiliate.
  Basic No membership fee. Includes one FREE Plan Purchase every month for the first year! This is our entry-level product, designed for those that are new to the markets and are looking for a low-cost plan to "get their feet wet." The Basic Plan offers one FREE Plan Purchase each month during your first year of membership in MyStockFund. Each Plan Purchase thereafter is $4.99. At the end of the first year, you will automatically convert to our standard Basic Plan, which includes two Plan Purchases per month at a monthly rate of $5.98. There is no annual charge for the life of this account. Additional Plan Purchases beyond the first two each month are just $2.99 each.
  Flex $29.99 Annual Membership Fee - $4.95 per month (includes first five Plan Purchases at a rate of 99 cents each) This cost effective plan enables an investor to "AutoVest" (or dollar-cost average) up to five securities in his/her portfolio each month for a flat monthly rate of $4.95. Additional Plan Purchases beyond the first five each month are just $2.99 each. There is an annual charge of $29.99 for this investing plan.
  Diversified $39.99 Annual Membership Fee, $9.90 per month (includes first 10 Plan Purchases at a rate of 99 cents each) This is our most popular plan, as it offers the greatest value for the well-diversified investor. At $9.90 per month, anyone can build a cost-effective diversified portfolio. As an added perk to this plan, any additional Plan Purchases (after the first ten) are also just 99 cents! It is a terrific value for anyone looking to maximize the economies of Plan Purchases whether it is through AutoVest or the One-time Plan Purchase process.
  IRA Active $89.99/year, $0.99/purchase The IRA Active Plan has an annual charge of $89.99, and offers a reduced Plan Purchase commission of just $0.99 per order. There are no purchase requirements or minimums associated with the IRA Active Plan.
  IRA Flex $39.99/year,$4.99/purchase The IRA Flex Plan has an annual charge of $39.99, and offers a reduced Plan Purchase commission of just $4.99 per order. There are no purchase requirements or minimums associated with the IRA Flex Plan.
  Sell Orders $12.99 All sales are done with real-time market orders. Sales are not included in Investing Plan pricing.
  Real-time Market orders $12.99 Members can place an order to buy or sell any security (in whole share denominations) even if it does not exist on our posted security list. All orders must be entered during regular market hours.
  Payment Options

(Credit Card Or Cash Link)
  MyStockFund gives you the choice. Standard fees and transactional fees may be charged to a credit card or debited from your personal checking or savings account. Our standard fees will be charged directly to your personal (checking or savings) account or to your designated credit card - Visa, MasterCard or Discover, the first day of the month following the month in which the transactions or fees were incurred.
  Dividend Reinvestment No Charge You may instruct MyStockFund to automatically reinvest dividends issued for a security back into that security, or to deposit dividends issued into his or her MyStockFund cash account. This selection is made on an account-by-account basis, not on a security-by-security basis.
  Funding Account via Cash Link No Charge MyStockFund draws funds via Cash Link (ACH) from the member's bank or credit union checking or savings account to fund AutoVest purchases automatically. You can also fund your account using Instant Deposits, and Recurring Deposits which are all done using our Cash Link feature.
  Plan Purchase Funding No Charge A scheduled amount of funding may be withdrawn each designated Plan Purchase cycle for AutoVest purchase(s) or for One-time Plan purchases. Plan purchases may be edited and viewed in Pending Transactions for the week in progress.
  Instant Deposits No Charge  
  Recurring Deposits No Charge  
  Brokerage Account Transfer - In
(Electronic)
No Charge Members can complete and send an Account Transfer (ACAT) form to MyStockFund Securities to transfer these holdings into his or her MyStockFund account. Transferred holdings are elgibile for divident reinvestment.
  Account Transfer - Out
(Electronic)
$50/occurrence MyStockFund can electronically transfer securities to another brokerage account. Fractional shares cannot be transferred, so that portion of any holdings is liquidated and the proceeds paid by check or ACH transfer. The member initiates this transaction by contacting the new broker first.
  DRS Transfer - Out $15 per stock Mystockfund can electronically transfer many stocks directly to the transfer agent. The member would just need to send a signed letter detailing what stock and how many shares.
  Certificate Transfer - In Regular Stocks - No Charge Members can send a Deposit Stock Certificate form and certificates to MyStockFund Securities to transfer these holdings into his or her MyStockFund account. Certificates transferred into MyStockFund will be eligible for dividend reinvestment.
    Penny Stocks - May be subject to a $90-$130 processing fee* *Penny Stock is any stock trading under $3.00
  Certificate Reject $35 + Transfer Agent Costs Some certificates are good, but not eligible for deposit in the national depository for any of several reasons.
  Certificate Issuance & Delivery $175/Certificate + $15 Registered Mail Fee MyStockFund charges a fee to issue and deliver certificates via registered mail. Certificates cannot be issued for fractional shares. That portion of the holdings will be liquidated for cash and the proceeds deposited in the member's cash account.
  Legal Change of Ownership $50/Stock Transfer This feature allows members to transfer ownership to someone else, as when giving a gift of shares.
  Cash Withdrawals via Cash Link
No Charge
Check-
$5/request
Wire-
$25/request
Members can request that a portion or all of the account cash balance be disbursed (made out and sent to the account holder only).
  Cash on Deposit No Charge Members with a cash balance will have it moved to an insured deposit account and be paid a rate of interest, which may fluctuate daily depending on market conditions. (current Legent Insured Deposit interest rate)
  Returned Check $25 MyStockFund charges a fee if a member's check is returned for any reason.
  Returned ACH $25 MyStockFund charges a fee if a member's Cash link(ACH) is returned for any reason.
  Confirmation Statements Electronic - No Charge,
Paper - $5/month
There is no charge for e-confirms. Paper confirmations and account statements are available for a flat rate of $5.00 per month.
  Account Statements Electronic - No Charge,
Paper - $5/month
There is no charge for e-statements. Paper confirmations and account statements are available for a flat rate of $5.00 per month.
  Previous Statements
Electronic-
No Charge,
Paper-
$20/request
Members will have access to 18 months of electronically archived statements. Members have access to 12 months of transactions through the Transaction History page.
  Brokerage Services No Charge There is no charge to receive information regarding dividends, splits, corporate actions (e.g., mergers & acquisitions), tax reporting (1099), shareholder communications, proxies, tender offers, etc.
  Close Account - Transfer all Stock $50 plus $50 transfer fee Members pay a fee to close accounts and transfer stock to another firm. There is no charge for fractional share liquidation.
  Close Account - Sell and Liquidate All Stocks $50, plus sales fees for more than 4 securities Members will be able to close their accounts and liquidate up to four (4) holdings to cash.
Any additional securities liquidated, in excess of four, will be charged at $12.99 per trade. There is no charge for fractional share liquidation.
  Close Account - Certificate Stocks $50 + $175 Cert fee + $15 Registered mail fee Members will be able to close their accounts and receive certificates via registered mail. Certificates cannot be issued for fractional shares. That portion of the holdings will be liquidated and paid by check or ACH transfer.
  Broker Assisted Buys and Sells $25 per trade Members can buy whole shares based on amount of cash on deposit. ORDERS MUST BE PLACED VIA PHONE DURING MARKET HOURS, MONDAY-FRIDAY, 9:30AM - 4:00PM ET, EXCEPT HOLIDAYS. Broker Assisted Buys and Sells may be contingent on the availability of a Broker. Call (888) 620- 6050 ext 103 to place an order.