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Service |
Fee |
Comments |
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Account Types |
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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. |
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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.
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Investing Plans |
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MyStockFund offers three standard investing plans. Investing plan pricing may vary
from our retail site depending on partner or affiliate.
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Basic |
No membership fee. Includes one FREE Plan Purchase every month for the first year!
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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. |
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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. |
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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. |
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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. |
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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. |
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Sell Orders |
$12.99 |
All sales are done with real-time market orders. Sales are not included in Investing
Plan pricing.
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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.
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Payment Options
(Credit Card Or Cash Link)
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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.
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Dividend Reinvestment |
No Charge
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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. |
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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. |
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Plan Purchase Funding
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No Charge
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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. |
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Instant Deposits |
No Charge |
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Recurring Deposits |
No Charge |
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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. |
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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. |
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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. |
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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.
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Penny Stocks - May be subject to a $90-$130 processing fee* |
*Penny Stock is any stock trading under $3.00
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Certificate Reject |
$35 + Transfer Agent Costs |
Some certificates are good, but not eligible for deposit in the national depository
for any of several reasons.
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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. |
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Legal Change of Ownership |
$50/Stock Transfer |
This feature allows members to transfer ownership to someone else, as when giving
a gift of shares. |
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Cash Withdrawals via Cash Link |
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No Charge |
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Check-
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$5/request |
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Wire-
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$25/request |
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Members can request that a portion or all of the account cash balance be disbursed
(made out and sent to the account holder only). |
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Cash on Deposit
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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) |
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Returned Check |
$25 |
MyStockFund charges a fee if a member's check is returned for any reason. |
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Returned ACH |
$25 |
MyStockFund charges a fee if a member's Cash link(ACH) is returned for any reason. |
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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.
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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.
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Previous Statements |
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Electronic-
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No Charge, |
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Paper-
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$20/request |
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Members will have access to 18 months of electronically archived statements. Members
have access to 12 months of transactions through the Transaction History page. |
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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. |
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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.
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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. |
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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. |
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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.
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