BROKERAGE ACCOUNTS

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Learn more about our retail brokerage fees

How much you pay for your brokerage account can vary depending on what types of investments you choose and how much you have in assets.  Fees may not apply for managed accounts, Investment solutions IRA and pension window.

Stock and ETF trades

  • ONLINE Equity trades – $7.95 per trade

    $5.95 per trade for customers that receive a financial planning solution from their Wealth Management advisor.
    AUTOMATED TELEPHONE SYSTEM (ATS) $35
    CLIENT SERVICE ASSISTANCE
    800 927-3059    		 $55
    FOREIGN SECURITIES $75 for each order (not applicable to American Depositary Receipts) + commission
    FINANCIAL TRANSACTION TAX (FTT) ORDINARY AND ADR
    All opening transactions in designated French companies will be subject to the French FTT at a rate of 0.20% of the total transaction cost.

    All opening transactions in designated Italian companies with a market capitalization greater than 500 million Euros will be subject to the Italian FTT. 2013 rate = .0012- .0022; 2014 rate = .0010 - .0020.
    ADR AGENT SERVICING FEE Fee will generally range from $0.01 - $0.03 per share. Amounts will differ by ADR. Please refer to the ADR prospectus for specific fee and other information.

Mutual Funds

  • NO TRANSACTION FEE (NTF) FUNDS
    Minimum initial investment for mutual funds: The greater of either the listed amount in the fund’s prospectus or $500. Different minimums may apply for managed accounts.

    Subsequent investment: Per the fund's prospectus. In most cases, AIPs are available for as low as $100.

    Short-term redemptions fee: $50 minimum for shares held less than six months (waived for shares transferred from another brokerage firm or financial institution). Additional redemption fees may apply as set forth in each fund’s prospectus.

    Dollar cost averaging transactions, no fee; minimum transaction $100.
    TRANSACTION FEE (TF) FUNDS
    Transaction fee, regardless of order size:

    $50 per trade

    $35 per trade for customers that receive a financial planning solution from their Wealth Management advisor.

    Minimum initial and additional investments typically based on amount listed in the fund’s prospectus. Recurring automatic transactions, no fee; minimum transaction $100.

    Exchanges: $8 per trade regardless of order size.

Bonds and CDs

  • U.S. TREASURY SECURITIES
    NEW ISSUES (AT AUCTION) $50 per transaction
    EXISTING ISSUES $1 per $1,000 face amount, $50 minimum
    MUNICIPAL BONDS, GOVERNMENT AGENCY BONDS, UNLISTED (OVER-THE-COUNTER, OR OTC) CORPORATE BONDS AND MORTGAGE-BACKED SECURITIES $50 + $2 per bond
    CERTIFICATES OF DEPOSIT
    NEW ISSUES Purchase minimums of $5,000, no commission (interest rate reflects issuing bank's fee)

Options

  • ONLINE $7.95 + $2 per contract based on eligibility

    $5.95 + $1.00 per contract for clients that receive a financial planning solution from their Wealth Management advisor.
    AUTOMATED TELEPHONE $35 + $2 per contract
    PERSON $55 + $2.50 per contract
    OPTIONS EXERCISE / ASSIGNMENT FEE $25

Maintenance Fees

  • FOREIGN SECURITIES $75 for each order (not applicable to American Depositary Receipts) + commission
    FOREIGN SECURITY RECEIVE AND DELIVERY $75
    SAFEKEEPING FEE FOR PHYSICAL SECURITIES $2 per account, per position, per month
    WIRED FUNDS FEE $25
    OVERNIGHT CHECK DELIVERY $12
    NSF/RETURN CHECK DEPOSIT $25
    MARGIN EXTENSION $15
    TRANSFERS - GNMA, RESTRICTED, LEGAL $65 (per transfer)
    TRANSFERS – REGISTER AND SHIP $80 (per transfer, plus any third-party charges, including a DTCC charge of $500)
    TRANSFERS – OUTGOING ACCOUNT $50
    TRANSFERS – ACCOMMODATION $80 (per transfer)
    REORGANIZATIONS - VOLUNTARY $25
    POST EFFECTIVE REORGANIZATION REQUESTS - VOLUNTARY $75
    ACCOUNT RESEARCH $20 per hour
    STOP PAYMENT $15
    IRA TERMINATION $130
    ACH RETURN $25

Cash solutions

  • Terms & Conditions: TIAA Brokerage Customer Account Agreement (Retail)
  • ANNUAL FEE
     
    *Silver Tier annual fee is waived for accounts that have $25K or more in average month-end closing cash sweep balances.
    Silver Tier
    $25*
    Gold Tier
    $65
    Platinum Tier
    $110
    INITIAL CHECK ORDER (INCLUDES CHECKBOOK, REGISTER, DEPOSIT TICKETS AND 40 CHECKS)
    Silver Tier
    Free
    Gold Tier
    Free
    Platinum Tier
    Free
    CHECK REORDER (INCLUDES CHECK REGISTER, DEPOSIT TICKETS AND 100 CHECKS)
    Silver Tier
    $15
    Gold Tier
    $10
    Platinum Tier
    Free
    BUSINESS STYLE CHECKS – INITIAL ORDER, INCLUDES BINDER
    Silver Tier
    $60
    Gold Tier
    $60
    Platinum Tier
    $60
    BUSINESS STYLE CHECK REORDER
    Silver Tier
    $50
    Gold Tier
    $50
    Platinum Tier
    $50
    STOP PAYMENTS (ON CHECKS)
    Silver Tier
    $25
    Gold Tier
    $25
    Platinum Tier
    Free
    LOST OR STOLEN CHECKBOOK REPLACEMENT
    Silver Tier
    $25
    Gold Tier
    $25
    Platinum Tier
    $25
    RETURNED CHECK OR AUTOMATED CLEARING HOUSE (ACH) TRANSACTION
    Silver Tier
    $25
    Gold Tier
    $25
    Platinum Tier
    $25
    COPY OF CANCELLED CHECK OR VISA DRAFT
    Silver Tier
    $2.50 per copy
    Gold Tier
    $2.50 per copy
    Platinum Tier
    $2.50 per copy
    CSA CHECKS OR DEBIT CARD – OVERNIGHT DELIVERY
    Silver Tier
    $20
    Gold Tier
    $20
    Platinum Tier
    $20
    CASH ADVANCE (NON-ATM)
    Silver Tier
    N/A
    Gold Tier
    .25% of transaction
    ($2.50 minimum)
    Platinum Tier
    .25% of transaction
    ($2.50 minimum)
    BILL PAYMENT THROUGH BILLSUITE
    Silver Tier
    Free
    Gold Tier
    Free
    Platinum Tier
    Free
    Foreign Transaction Fee
    		 N/A 1% of transaction 1% of transaction
    ATM FEES Silver Tier Gold Tier Platinum Tier
    ATM in‐network withdrawal fee
    Visa® or Plus®
    		 N/A None None
    ATM out‐of‐network fee N/A None None
    Atm out-of-network surcharge fee*
    (charged by atm owner)
     
    *Surcharge may be imposed for ATM usage including transactions and balance inquiries.
    		 N/A Various Various