Client Account Services and Charges

Account Maintenance Annual Fee – Up to $50
This fee does not apply to the following:

• Raymond James & Associates individual retirement accounts (IRAs) and qualified plan accounts,
• Capital Access accounts,
• Raymond James Trust accounts, and
• Fee-based managed and advisory accounts

Raymond James & Associates Retirement Accounts
Annual Retirement Account Fee^{2 3}

• Traditional, Roth, SEP or SIMPLE – $40
• Profit Sharing, Money Purchase or 401(k) Employer account – $75
• Profit Sharing, Money Purchase or 401(k) Employee account – $30

Profit Sharing, Money Purchase or 401(k)

• Document establishment – $35
• 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)

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.

Capital Access Account Fees

Annual Fees⁴

• Capital Access⁵ – $100
• Capital Access plus Rewards⁵ – $150
• Capital Access Premium plus Rewards⁵ – $300

Service Fees

• Insufficient Funds⁶ – $30
• Stop Payment⁶ – $20
• Replace Lost or Destroyed Visa^® Platinum Debit Card⁶ – $15
• Photocopy of a Visa Platinum Debit Card Draft⁶ – $5
• Photocopy of a Canceled Check⁶ – $3

ATM Transaction

• Domestic – first six per month waived – $1.50
• Foreign – $3

Cash Advance

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

¹ The Annual Account Maintenance Fee is waived for clients with eligible assets totaling $25,000 or greater.

² The annual fee is assessed 12 months after the account is established and every 12 months thereafter.

³ The annual retirement account fee is waived for clients with eligible assets totalling $500,000 or greater.

⁴ The annual fee is assessed three months after the account is established and every anniversary thereafter.

⁵ The annual Capital Access fee is waived for clients with eligible assets totaling $500,000 or greater.

⁶ Select Capital Access service fees are waived for clients with eligible assets totaling $500,000 or greater.

Raymond James Bank Fees

• Raymond James Bank with Check Writing – No service charge

Choice Rate Checking Account:

• Minimum Daily 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 Nonbank 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 – Up To $200
• Teledirect^® Telephone Banking – No Charge
• Stop Payment – $30
• Uncollected Funds – $30

Domestic Wire Transfer

• Incoming – $10
• Outgoing – $20

Foreign Wire Transfer

• Incoming – $35
• Outgoing – $50

Guardianship/Conservatorship Fees

• Non-Restricted Set-Up Fee – $75
• Restricted Annual Fee – $150

Heritage Money Market Fund Fees

• Money Market Sweep – No service charge
• Minimum Opening Requirements⁷ – $1,000

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 (e.g., 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/Processing Fee – $4.95
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.

⁷ Below-minimum accounts may be closed without notice.

Service Fees

Certified or Cashier’s Check⁸ – $25

Outgoing Wiring Funds⁹

• Domestic⁸ – $25
• Foreign⁸ – $40

Early Payout of Money – $25 plus interest
Interest is calculated using the Raymond James & Associates Ready Access (margin) interest rate (prime plus 2%) 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 (Check, ACH, Wire) – $20
Eagle- and Investment Advisory Services-managed feebased 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 Delivery⁸

• Overnight – $20
• Saturday – $30

Transfer to Beneficiary

• To Initially Establish⁸ – $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 per 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.

⁸ Select service fees are waived for clients with eligible assets totaling $500,000 or greater.

⁹ The first four wire fees per calendar year are waived for eligible clients.

Ready Access (Margin)

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.

Your particular rate will vary with the size of your average debit balance according to the following schedule:

Debit Balance	Annual Interest Rate
$10 million and above	Base rate less 0.25%
$5 million – $9,999,999.99	Base rate*
$1 million – $4,999,999.99	Base rate plus	0.25%
$500,000 – $999,999.99		0.75%
$250,000 – $499,999.99		1.25%
$100,000 – $249,999.99		1.75%
$50,000 – $99,999.99		2.25%
$25,000 – $49,999.99		2.75%
Under $25,000		3.25%

*Base rate is currently equal to the prime rate, which for this purpose is defined as the base rate of interest on corporate loans posted by at least 75% of the nation’s 30 largest banks, as published in the “Money Rates” section of The Wall Street Journal.

We use the following three accumulators to calculate margin interest:

• The number of days there is a debit in your account;
• The average of the debit balance for each day it is outstanding; and
• 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 $25,000 debit balance for the second five days of the month, with no debit balance thereafter, you would have an average debit balance of $13,000 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 $13,000 ($130,000/10 = $13,000). If the interest rate was 6.5% for the first five days the debit was outstanding and 6% for the second five days, the average interest rate would be 6.25%. This is calculated by adding the first five days’ interest rate for each day the debit balance is outstanding (five days x 6.5% interest rate), then adding the second five days’ interest rate for each day the balance is outstanding (five days x 6% 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 6.25% (32.5 + 30 = 62.5; 62.5/10 = 6.25). 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 $13,000 by the average interest rate of 6.25%, 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.¹⁰

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.

¹⁰ Interest will be assessed at Raymond James & Associates highest Ready Access (margin) interest rate (prime plus 3.25%) for payments received after settlement date.

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