REORG/ Dividends/Transfers
ACAT and Non-ACAT (full or partial) Transfer Out *Plus free delivery charge for each position
$100 per account
Free Deliveries DTC
$35 per security
Mandatory Reorg Corp Actions
$35 per security
Voluntary Tender/ Exchange Offer/ Bond Put
$45 per election
Axos Clearing Assisted Dividend Posting (Asset not held at Axos Clearing)
$15 per item
Cash Dividend outgoing check
$15 per item
Checks Processing
Stop payments
$40 per stop
Returned Checks
$50 per check
Photocopies of Checks
$10 per check
Prepayments of Unsettled Funds
$40 per item, plus interest
Check Writing Stop Pays
$25 per check
Returned ACH Items
$50 per return
Qualified Plan Accounts (IRA, 401(k), Sep, etc.)
IRA Annual Custodial Fee
$60 per plan
Transfers (including transfer of Roth to/from Traditional IRA)
$100 per transfer
Termination Fee
$75 per plan
DWAC
DWAC Charge
$100 per item
DWAC Reject Charges
$0 at cost
Alternative Investments
Alternative Investment Reconciliation
$120 per year (charged quarterly)
Re-registration of Stock or Alternative Investment
$60 per re-registration, plus cost
Transfer on Death (TOD) Registration
TOD Application fee
$75 per account setup
TOD Change/Revocation
$75 per account change
TOD Distributions
$250 per distribution
Securities Processing
Long Positions (sub-penny, book entry)
$75 per account setup
Clearance or Transfer of Restricted Stock
$100 per item, plus cost
Physical Security Processing
Certificate request DTC
$1,000 per certificate
Rush Withdrawal DTC
$150 additional
Physical Settlements
$100 per settlement, plus cost
Rejected deposits DTC or agent
$185 per certificate
NY Window / Physical Delivery
$50 per security
Transfer agent charges
$0.00 as incurred, plus any mark-up
Wire Transfers
Domestic
$40 per wire
International
$100 per wire
Research Requests / Service Messages
$50 per request
Overnight Delivery (UPS)
Domestic
$50 per delivery
International
$125 per delivery (other fees may apply)
Foreign Securities
ADR Fee
$0.005 per item, plus transaction cost
Transfer In / Out – Physical Certificate (Foreign)
$150 per certificate, plus cost
Physical Certificate Request
$1,000 per certificate, plus cost
Foreign Currency Conversions
$50 per conversion
Foreign Currency Transaction Postings
$25 per posting
Other Fees
Worthless Security Processing
$30 per security
Manual Option Exercise Request
$50 per request
Cashless Stock Options
$65 per request, plus 1% of cost
Trades Settled Same Day (Cash Trades)
$25 per trade
Bond Redemption / Conversion (Physical Only
$25 per trade
Reg-T Extensions
$50 per extension
Vault Services
$100 per year
CCPA Check Writing and Platinum Card
$60 per year
Other Services
For other services that are not identified on this fee schedule, the Correspondent should inquire of Clearing Broker to determine the availability of additional services as well as any costs/fees that may be incurred.
Disclosures
DISCLAIMER–ADDITIONAL FIXED COMMISSION: TRANSACTIONS IN SECURITIES WILL BE CHARGED AN “ADDITIONAL FIXED COMMISSION”, WHICH IS DISCLOSED VIA EACH CUSTOMER CONFIRMATION. VCSV HAS INDEPENDENT OFFICES WHICH MAY CHARGE A DIFFERENT FIXED COMMISSION AT IT’S SOLE DISCRETION. A PORTION OF THIS FEE IS COMPRISED OF DIRECT TRANSACTION AND POSTAGE CHARGES IMPOSED BY AXOS CLEARING AND THE BALANCE IS RECEIVED BY VCSV AS ADDITIONAL REVENUE, PORTIONS OF WHICH MAY BE SHARED WITH YOUR BROKER, AND ULTIMATELY WILL CONSTITUTE ADDITIONAL COMPENSATION TO VCSV AND / OR YOUR BROKER. THIS FEE IS IN ADDITION TO ANY OTHER COMMISSION CHARGES. CONTACT YOUR BROKER OR VCSV’S CORPORATE HEADQUARTERS FOR FURTHER DETAILS
Commissions – All commissions are charged on a negotiated basis between the registered representative and the client and adhere to the regulatory guidelines.
The above fees for services provided by Axos Clearing, the clearing firm, or VCS Venture Securities may be charged to your account at the time of/or prior to the service being rendered. VCS Venture Securities and/or VCS Venture Securities representative(s) may receive a portion of the fees charged by the clearing firm (including, but not limited to, margin interest and handling fees). These fees and charges may be passed onto you to include the costs associated with the processing of transactions and may be a source of additional compensation to the firm and/or registered representative.
VCS Venture Securities charges a $99 additional fixed commission on all transactions in addition to any applicable fees, charges, taxes, commissions, markups/markdowns charged to your account. A small portion of this fee is remitted to VCS Venture Securities clearing firm and the remainder is retained by VCS Venture Securities as transaction based remuneration and may be a profit to the firm, as well as additional compensation to the firm and/or registered representatives. The brokerage commission is used for the following expenses but not limited to: clearing firm expenses (see above), online access, clearing firm account, fidelity bond, insurances, support staff salaries, rent, office supplies, IT support and equipment, state registrations, legal, FinOP & accounting, consultants, telephone, overnight and regular mail, training, subscriptions & publications, FINRA fees, general office expenses, NASDAQ fees, AML charges, exchange fees, in addition to other various vendors and/or expenses not previously mentioned. Please contact your account representative if you have any questions or need additional information.
