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Commission and Fee Schedules
  • Equity & Options Commission Schedule
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Equity & Options Fee Schedule

PKS Equity & Option Commission Schedule

Unless reduced by your Registered Representative, commissions for equity and option trades are charged in accordance with the following schedules

Equities – Listed and OTC. 1
Estimated Principal $ Amount Default Rate2
Up to $1,000 $35.00 Flat rate
$1,001 - 10,000 2.5% of principal
$10,001 - 30,000 2.0% of principal
$30,001 - 60,000 1.5% of principal
$60,001 - 100,000 1.0% of principal
$100,000 + 0.75% of principal
Options
For Premiums < $1.00
$2.50/contract subject to minimum of $35 + $1.00(# of contracts)
For Premiums = or > $1.00
$3.00/contract subject to minimum of $35 + $1.50(# of contracts)
In addition to the commissions charged, all trades are subject to PKS Ticket Charges

Fixed Income Commission Schedule

Corporate & Muni < 1 Year* 1 - 2.99 Years 3 - 4.99 Years 5 - 9.99 Years 10 - 19.99 Years >= 20 Years
1 to 99 7.500 10.000 12.500 15.000 20.000
100 to 249 5.000 8.750 10.000 12.500 15.000
250 to 499 4.350 7.500 8.750 10.000 12.500
500 or more 3.750 6.250 7.500 8.750 10.000
GSE < 1 Year* 1 - 2.99 Years 3 - 4.99 Years 5 - 9.99 Years 10 - 19.99 Years >= 20 Years
1 to 99 7.500 10.000 12.500 15.000 20.000
100 to 249 5.000 8.750 10.000 12.500 15.000
250 to 499 4.350 7.500 8.750 10.000 12.500
500 or more 3.750 6.250 7.500 8.750 10.000
Treasury < 1 Year* 1 - 2.99 Years 3 - 4.99 Years 5 - 9.99 Years 10 - 19.99 Years >= 20 Years
1 to 99 1.8750 2.5000 3.7500 5.000 6.250
100 to 249 1.2500 1.8750 2.5000 3.750 5.000
250 to 499 0.9380 1.2500 1.8750 2.500 3.750
500 or more 0.6250 0.9380 1.2500 1.875 2.500
MBS (includes CMOs, Pass Thrus, Asset Backed Securities, and TIPS) < 1 Year* 1 - 2.99 Years 3 - 4.99 Years 5 - 9.99 Years 10 - 19.99 Years >= 20 Years
10.000 15.000 20.000 20.000 20.000
CD < 1 Year* 1 - 1.99 Years 2 - 2.99 Years 3 - 3.99 Years 4 - 4.99 Years >= 5 Years
Proposed Default 2.500 3.750 5.000 6.250 7.500
Non-Treasury Zeros < 1 Year* 1 - 2.99 Years 3 - 4.99 Years 5 - 9.99 Years 10 - 19.99 Years >= 20 Years
1 to 99 7.500 10.000 12.500 15.000 20.000
100 to 249 5.000 8.750 10.000 12.500 15.000
250 to 499 4.350 7.500 8.750 10.000 12.500
500 or more 3.750 6.250 7.500 8.750 10.000
Treasury Strips < 1 Year* 1 - 2.99 Years 3 - 4.99 Years 5 - 9.99 Years 10 - 19.99 Years >= 20 Years
1 to 99 5.000 7.500 8.750 10.000 12.500
100 to 249 3.750 6.250 7.500 8.750 10.000
250 to 499 3.125 5.000 6.250 7.500 8.750
500 or more 2.500 3.750 5.000 6.250 7.500
Preferred Stock < 1 Year* 1 - 2.99 Years 3 - 4.99 Years 5 - 9.99 Years 10 - 19.99 Years >= 20 Years
All maturities 0.000 0.000 0.000 0.000 0.000
* <1 year
Month 1 2 3 4 5 6
% of Principal 0.015625 0.046875 0.0625 0.0875 0.125 0.125
Month 7 8 9 10 11 12
% of Principal 0.125 0.125 0.125 0.125 0.125 0.125

All grid cells specified in $/Bond Correspondent is responsible for reviewing and determining the appropriate mark up for each customer.

Your registered representative has the option of, after discussing and agreement of client, charging more or less than the default rates.

PKS Ticket Charges on NFS Platform Only

Every trade will incur a ticket charge as listed below. The Ticket Charge will be reflected on the Trade Confirmation as either a miscellaneous fee, or a combination of a miscellaneous fee plus a portion of the commission charged.

On equity, bond and option trades, the miscellaneous fee field will generally display $4.50, which represents part of the Ticket Charge

Commissions charged on trades are in addition to Ticket Charges. Unless modified by your Registered Representative, commissions are charged for equity and option trades in accordance with the PKS Equity & Option Commission Schedule. Unless modified by your Registered Representatives, Fixed Income trades placed through BondTraderPro (BTP) will be charged in accordance with the Fixed Income Commission Schedule

Equity Trades
$26.00 + $4.50 Misc. fee
Surcharges for Listed Equity trades in excess of 2999 shares.
Market Orders
$0.005/share
Conditional Orders (limit/stop)
$0.0125/share
Fixed Income
Corporate, Municipal and Government Bonds
$26.00 + $4.50 Misc. fee
CD’s and Mortgage-backed securities
$30.50 + $4.50 Misc. fee
UIT's
Purchases / Sales / Rollovers
$26.00 Misc. fee
Exchanges ($26.00 per side)
$52.00 Misc. fee
Surcharges for Fixed Income
Listed Bond
$1.00 per bond
Eurobond Clearance
$50.00
Foreign Trade Surcharge (Equity & Fixed Income)
$75.00 surcharge
Option Trades
$26.00 + $4.50 Misc. fee
Plus for Premiums < $1.00
$1.00 per contract
Plus for Premiums = or > $1.00
$1.50 per contract
On mutual fund trades, the miscellaneous fee field on the Trade Confirmation will display the applicable full ticket charge for both Transaction fee funds and (NTF) Non-Transaction fee funds.
Transaction Fee Mutual Fund Purchases and Sales
$30.50
Transaction Fee Mutual Fund Exchanges
$20.00
NTF Mutual Fund Purchases, Sales & Exchanges
$4.50
Automatic Mutual Fund Trades
$5.50
Transactional Fee Surcharges
Certain mutual funds do not participate in NFS’ Networking Fee Program. These funds incur an additional $10.00 surcharge, which is added to the miscellaneous fees listed above and as shown on the Trade Confirmation.
To find out which funds will incur this additional $10 transactional fee surcharge, please contact your registered representative.
Please note that Mutual Funds and Variable Annuities processed direct with the various fund companies have no ticket charges.

NFS Fee Schedule

Fee DescriptionAmount
Standard Brokerage Account
No fee for standard account
N/A
Brokerage Portfolio
Annual fee for a Brokerage Portfolio Account
$100.00
Brokerage Portfolio with Platinum Card
Annual fee for a Brokerage Portfolio Account with Platinum Visa with Rewards Debit Card
$150.00
Brokerage Access
Annual fee for Brokerage Access Account with Debit Cards (Free if client does not choose debit card privileges)
$50.00
Wire Fee
Charged when funds are wired out of a clients NFS account
$15.00
Full TOA Delivery Fee
Charged when an account requests a full transfer leaving NFS
$95.00
IRA Annual Maintenance Fee
Annual fee on IRA accounts. (Client billed in Oct and acct debited in Dec)
$50.00
IRA Termination Fee
Charged when an IRA account is closed due to a full distribution or is requesting a transfer leaving NFS
$75.00
Trade Extension Fee
Charged when an account requests a Reg-T extension
$5.00
Annual Custody and Record Keeping Fee
Charged when an account has been deemed inactive for a year by NFS.
$65.00
Bounced Check Fee
Charged when a check deposited into an account bounces
$30.00
Legal Transfer Fee
Charged when a stock certificate has been deposited and requires legal documentation (any paperwork submitted other than a stock bond power)
$90.00
Transfer and Ship Fee (DRS Eligible)
Charge for sending a DRS Statement for a DRS eligible security
$15.00
Transfer and Ship Fee (non-DRS Eligible)
Charge for sending a physical certificate for a non-DRS eligible security
$220.00
Mailgram Fee
Charged when a mailgram is sent to the client. Mailgrams are sent by NFS for margin calls, debits, etc.
$10.00
Stop Payment Fee
Charged when a stop payment is requested on an outgoing check
$15.00
Physical Reorg Fee
Charged when a stock certificate is deposited after the action date on a mandatory reorg item
$25.00
Legal Return Fee
Charged when a stock certificate has been returned to client due to [not in good order] status for more than 45 days or at the clients request
$60.00
Restricted Stock Transactions (Full Service)
Charged when NFS coordinates legal review and opens windows to sell restricted stock
$150.00
Restricted Stock Transactions (Sell w/o Approval)
Charged when NFS sends shares to the transfer agent
$40.00
Safekeeping Fee
Charged when a position is held in type 4 or 5
$5.00
Copies of Brokerage Access or Portfolio Checks
Charged when a copy of a cashed check is requested
$5.00
Trade Fee (If executed through NFS Alt Inv Dept)
Charged when an alternative investment position is purchased or sold in an NFS account. ***Note: This fee cannot be passed through to client and will be charged to the rep.
$ 60.00
Transfer/Re-registration Fee
Charged when an Alternative Investment position is transferred into NFS
$50.00
Annual Custody Fee
Annual fee charged per Alternative Investment position
$50.00
Document Review Fee
Charged when an Alternative Investment position is requested to be added to the NFS platform. This fee is charged regardless of the outcome.
$125.00
Direct Sponsor Costs
Charged by the Sponsor of the Alternative Investment for transfer and/or re-registration. This cost is a direct pass through.
Varies
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