Janney offers various types of accounts and services to help you move toward your financial and investment goals. Certain charges may apply to these different types of accounts and services. Below is an overview of customary account and client service fees as of August 17, 2009. Your Financial Consultant can also provide you with a copy.
Footnotes 1 In the event sufficient funds or securities are not received for a trade by Settlement Date, Janney reserves the right to charge interest to the account from Settlement Date until full and final payment is made. The account will be charged an interest rate based upon Janney’s margin interest rate schedule for the balance. The interest rate that may be charged on such cash debit balance is subject to change without prior notice. In the event sufficient funds or securities are not received for a trade by Settlement Date, Janney reserves the right to charge interest to the account from Settlement Date until full and final payment is made. The account will be charged an interest rate based upon Janney’s margin interest rate schedule for the balance. The interest rate that may be charged on such cash debit balance is subject to change without prior notice. 2 Accounts are excluded based on specific information as of the last business day in November and the twelve months ending on the last business day in November. Accounts that do not meet at least one of the exclusion criteria will be charged $95.00 in December. The following exclusion criteria will apply: Accounts generating more than $150 in commissions; Accounts with more than $50,000 in assets; Accounts that are part of a household with more than $100,000 in assets; Accounts with more than $15,000 in mutual fund assets or $15,000 in annuity positions, as reflected on your Janney statement; Accounts holding solely networked mutual fund or annuity positions, as reflected on your Janney statement; Zero balance accounts; Janney Custodial IRAs and Coverdell Education Savings accounts; Uniform Transfers to Minors Act and Uniform Gifts to Minors Act (UTMA/UGMA) accounts; Charitable accounts; Non-Profit accounts; Delivery vs. Payment (DVP) accounts; Janney Wealth Management fee-based accounts; Accounts coded for the Premier Client Program; Janney employee accounts. 3 Accounts with a household balance below $250,000 will be assessed the $125 Annual Fee. Clients with a household balance between $250,000 and below $1,000,000 will be assessed a fee on all of their Janney Advantage® Accounts with Cash Management features in a particular household with the exception of the account in the relationship with the highest market value. All clients with household balances above $1,000,000 will be exempt from the Janney Advantage® annual fee. Janney determines the household balance as described in the “Sweep Option” section of your account agreement. The fee will not be prorated or rebated to clients who leave the firm. Janney Montgomery Scott LLC reserves the right to change the annual fee at any time. Organizational Accounts may access the Janney Advantage Account through checks and are not eligible to receive a debit card(s) or participate in the Janney RewardsSM program. The client will be assessed the greater of the Janney Advantage® fee or the Inactivity Fee. 4 Janney will not charge clients an ATM transaction fee. However, there may be a transaction fee added by the ATM owner to a withdrawal amount if the transaction is performed at an ATM machine. ATM transaction fees will be credited to your account (foreign transactions excluded). 5 Annual Fee for single fund family IRAs and additional IRAs based upon social security number are reduced to $10. Annual Fees are waived for IRAs coded for the Premier Client Program and for IRA accounts that are part of a Janney Wealth Management fee-based program. Janney fee-based programs include: Adviser’s, Adviser’s MSP, Classic, Compass, ETF Advantage, Keystone Discretionary, Keystone Non-Discretionary, Parker/Hunter Asset Management (PHAM), Partners Advisory. 6 Outside Investments are typically not permitted to be held in Janney Retirement Accounts or Janney Prototype Qualified Plan Accounts and set up requires approval by Janney based upon other criteria. 7 For additional information regarding Transfer on Death (TOD) Accounts, please refer to the Terms & Conditions of theTOD form or contact your Financial Consultant.