Client Account Services and Charges

Account Maintenance Annual Fee – $50
Charged annually to accounts for maintaining securities on your behalf. This fee does not apply to the following:

• Raymond James & Associates individual retirement accounts (IRAs) and qualified plan accounts
• Elite Investment accounts
• Raymond James Trust accounts
• Fee-based managed and advisory accounts
• Accounts with a cash balance (CIP, Heritage or RJ Bank) of $20,000 or more
• Statement-linked relationship with cumulative market value over $100,000
• Statement-linked relationship generating at least $375 in commissions during the applicable 18-month period

Raymond James & Associates Retirement Accounts
IRA Annual Maintenance Fees

• Traditional, Roth, SEP or SIMPLE – $40
• Spousal IRA (Traditional or Roth) – $20

403(b) Annual Fee – $40

Profit Sharing, Money Purchase and 401(k) Fees

• Document establishment – $35
• Employer account annual fee – $75
• Individual employee accounts annual fee – $30
  (The annual fee is assessed 12 months after the account is established and every 12 months thereafter.)

Termination Fee (in addition to prorated annual fee) – $100
Please note that if a termination fee applies, there is no transfer fee.

Manual Investment Fee – $150
For transactions that exceed normal brokerage activity or require manual handling.

Elite Investment Account
Annual Membership Fees¹

Minimum opening requirements: $10,000 cash or $20,000 marginable securities or a combination of the two so that the loan value equals $10,000.

Minimum maintenance balance: $2,500 cash or $5,000 marginable securities or a combination of the two so that the loan value equals $2,500.

Insufficient funds – $30
Stop payment – $20
Replace lost or destroyed VISA® Platinum debit card – $15
Photocopy of a VISA Platinum debit card draft – $5
Photocopy of a canceled check – $3

ATM transaction

• Domestic – first six per month waived – $1.50
• Foreign – $3.00

Cash advance

• Domestic – $1.50 + 0.25% of amount advanced
• Foreign – $1.75 + 0.40% of amount advanced

Rewards Program – $50²

¹ The annual fee is assessed three months after the account is established, and every anniversary thereafter.

² This is separate from the annual account membership fee.

Raymond James Bank Fees

• Money Market Sweep Account service charge – No charge
• ERISA savings or ERISA check writing
  Sweep Account service charge – No charge
• Choice Rate checking account
• Minimum balance to avoid service charge: $1,000
• Average daily balance to avoid service charge – $1,500
• Minimum combined balance in any Raymond James Bank deposit account to avoid service charge – $10,000
• Monthly service charge if balance not maintained – $10
• Automatic teller machine (ATM) usage after monthly allocated free usage – $1.25
• Bank checks for bank clients – $10
• Bank checks for non-bank clients – $15
• Deposit items returned unpaid – $10
• Direct deposit – No charge
• Nonsufficient funds item – $30
• Overdraft protection transfer – $5
• Process transfer to beneficiary(ies) upon death – $50-$200
• TeleDirect^® Telephone Banking – No charge
• Stop payment – $30
• Uncollected funds – $30
• Domestic wire transfers
• Incoming – $10
• Outgoing – $20
• Foreign wire transfers
• Incoming – $35
• Outgoing – $50

Heritage Money Market Fund Fees
Money Market Sweep service charge – No charge
Check writing – No charge
Checks written on insufficient funds – $15
Minimum opening requirements1 – $1,000
¹Below-minimum accounts may be closed without notice.

Processing Fees

Issuance or Re-registration of Physical Certificates – $150
Assessed for each physical certificate issued. It also applies to certificates submitted for service transfers such as change of registration or certificate breakdown.

Foreign Security Processing – $150
Costs associated with the deposit of foreign physical security vary depending on the foreign depository that holds your security. Additional out of pocket expenses (i.e., depository fees, mailing costs) may also be charged.

Lost Certificate – $50 Assessed for the replacement of a certificate mailed from either Raymond James & Associates or the transfer agent directly, and not reported as lost within 90 days of mailing.

Physical Certificate Deposit Rejects – $80
Assessed when a certificate presented to Raymond James & Associates for processing is discovered to have been stopped by the shareholder or canceled through participation in a corporate action.

Voluntary Tender Offerings – $25
Assessed whenever tender proceeds exceed $500.

Handling Fee – $4
Charged on most transactions as indicated on the confirmation you receive. Please note that certain transactions and account types, such as managed accounts and those introduced through an independent investment advisor, may be exempt from this fee. Also note that broker/dealers clearing through Raymond James may charge an additional fee.

Street Name Dividend Reinvestment – 3% of the dividend, $1 minimum, $50 maximum
Service is free in Elite and Retirement Plan Services accounts.

Service Fees

Certified or Cashier’s Check – $25

Outgoing Wiring Funds

• Domestic – $25
• Foreign – $40

Early Payout of Money – $25 + interest
Interest is calculated using the Raymond James & Associates Ready Access (margin) interest rate (prime + 2.0%) and is assessed for the number of days payout is received prior to settlement date. Only three early payouts are permitted during a 12-month period.

Returned Deposit Items – $20
Eagle and Investment Advisory Services managed fee-based accounts are exempt from this charge.

Extensions for Payment or Securities Received After Settlement Date

• First extension – $20
• Second extension – $40

Assessed when filing requires regulatory notification of extension beyond settlement date.

Mailgram – $10

Client notification of past due funds and securities.

Document Delivery

• Overnight – $20
• Saturday – $30

Transfer to Beneficiary⁴

• To initially establish – $75
  (up to eight primary and/or contingent beneficiaries)
• Designate additional beneficiary – $25
  (primary or contingent) For each additional beneficiary above eight, either at inception or upon modification.
• Modify agreement – $50
• Process Direct Transfer of Assets to Beneficiary Service – $200

Additional Statement Copies for Alternate Addresses

• First alternate address – No charge
• Each additional alternate address – $12/year

Transfer Fees

• Transfer of an Account from Raymond James – $100
• Transfer of a Foreign Security – $50
  Costs associated with the transfer of a foreign security, in addition to the Account transfer cost.

ACH transfers – No charge

International Foreign Exchange Conversion Standard settlement is T+2 (the transaction date plus two business days) on most currencies. The costs for this service are built into foreign exchange rate. Please note that currency conversions must be for amounts of $5,000 or more.

⁴Please refer to the Transfer to Beneficiary Agreement for specific information.

Ready Access

Truth-in-Lending Statement for Margin Loans You will be charged interest on any credit extended to or maintained for you by Raymond James for the purpose of purchasing, carrying or trading in any security or otherwise.

Our Ready Access interest rates are based on the prime rate as published in the “Money Rates” section of The Wall Street Journal (WSJ). The WSJ prime rate is defined as the base rate of interest on corporate loans posted by at least 75% of the nation’s 30 largest banks. Your particular rate will vary with the size of your average debit balance according to the following schedule:

We use the following three accumulators to calculate margin interest:

1. The number of days there is a debit in your account;
2. The average of the debit balance for each day it is outstanding; and,
3. The average of the prevailing margin interest rate charged on your debit balance for each day it is outstanding.

For example: If you have a $1,000 debit balance in Ready Access for the first five days of the month and a $2,000 debit balance for the second five days of the month, with no debit balance thereafter, you would have an average debit balance of $1,500 for the first 10 days of the month. This is calculated by adding the debit amount for each of the 10 days it is outstanding, then dividing by the number of outstanding days for an average debit balance of $1,500 ($15,000/10 = $1,500). If the interest rate was 9% for the first five days the debit was outstanding and 8.5% for the second five days, the average interest rate would be 8.75%. This is calculated by adding the first five days’ interest rate for each day the debit balance is outstanding (five days x 9% interest rate), then adding the second five days’ interest rate for each day the balance is outstanding (five days x 8.5% interest rate), then dividing the total by the number of days the entire balance was outstanding (10) to arrive at an average interest rate of 8.75% (45 + 42.5 = 87.5; 87.5/10 = 8.75). Since there wasn’t a debit balance during the remainder of the month, those days would not be used in the averaging calculations. To find the interest charge per day, multiply the average debit balance of $1,500 by the average interest rate of 8.75%, then divide by 360 days. Multiply this amount by the number of days the debit was outstanding (10 in this example) to find the interest charge for the month.⁵

Account services and charges are subject to change.

Please contact your financial advisor or, if applicable, your introducing broker/dealer with any questions you may have.

⁵ Interest will be assessed at Raymond James & Associates highest Ready Access (margin) interest rate (prime + 2.0%) for payments received after settlement date.