Fidelity Miscellaneous Fee Schedule

While Facet doesn’t charge additional fees for managing accounts, our custodians sometimes charge fees that will be deducted from your accounts directly by the custodian as a result of specific transactions, requests, or events. A list of some, but not all, of the fees you may see for a Fidelity account managed by Facet are as follows (please note that Fidelity may also change these fees without notice from time to time).
 
  • Equity Trading Fees (For orders up to 10,000 shares): $0 for full e-delivery enrollment, $4.95 if not enrolled for e-delivery
  • Block Trading Fee: $5 per executed trade using block trading services
  • Mutual Fund Trading Fee: $0 for NTF funds, $30 for non-NTF funds such as Vanguard and Dimensional Funds
  • Unit Investment Trusts: $30 per transaction
  • IRA Closeout Fee (ACAT or Rollover) = $125
  • Precious Metals (Sell Orders): <$50k = 1.45%, $50k-$250k = 0.50%, >$250k = 0.38%
  • Wire Fee = $30 Maximum
  • Overnight Check Fee = $8

In addition to the per trade charges identified above, Fidelity’s remuneration also includes a fee that is charged on all sell orders (“Additional Assessment”). The Additional Assessment, which typically ranges from $0.01 to $0.03 per $1,000 of principal, is charged by Fidelity. Fidelity uses the Additional Assessment to pay certain charges imposed on Fidelity by national securities associations, clearing agencies, national securities exchanges, and other self-regulatory organizations (collectively, “SROs”). The SROs in turn pay the SEC using the money they collect from Fidelity and other broker-dealers. The Additional Assessment that Fidelity charges you is designed to offset the charges imposed on Fidelity by the SROs, which in turn are intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. You acknowledge, understand, and agree that Fidelity determines the amount of the Additional Assessment in its sole and exclusive discretion, and that the Additional Assessment may differ from or exceed the charges imposed on Fidelity by the SROs. These differences are caused by various factors, including, among other things, the rounding methodology used by Fidelity, the use of allocation accounts, transactions or settlement movements for which a fee by the SROs may not be assessed, and differences between the dates of changes to rates charged by the SROs. You understand, acknowledge, and agree that Fidelity has made no representation that the Additional Assessment charged to you will equal the fees assessed against Fidelity by the SROs in connection with your transactions. The Additional Assessment is in addition to the commissions we charge (i.e., the per trade charges identified above), and is included on your trade confirmation as a part of the Activity Assessment Fee. For the exact amount of the Additional Assessment charged on a particular transaction, please contact a Fidelity representative.  

As of January 22, 2024, subject to change without notice