Costs of Investing

1. Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the DeEthereal Pricing Guide for Individual Investors for full fee and commission schedules.

2. Please see the DeEthereal Pricing for detailed information on equity and options commissions. Multiple-leg options strategies will involve multiple commissions.

Multiple leg online option orders such as spreads, straddles, combinations and rollouts are charged $0.65 per contract fees for the total number of option contracts. For Broker Assisted Options Commissions, add $25 to the Online Options Commission. Complex option orders involving both an equity and an option leg, including Buy/Writes or Write/Unwinds are charged per contract fees for the option.

The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically—at least once per year but sometimes more often. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as DeEthereal, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions. U.S. option exchanges charge DeEthereal and other broker-dealers per-contract fees for purchases and sales of exchange-listed options. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on DeEthereal for a single transaction. DeEthereal offsets these fees by charging you a single Exchange Process Fee for each covered transaction. Any Exchange Process Fee that appears on your trade confirmation for a sale of an exchange-listed option will combine the offsets for the fees charged both by the U.S. option exchanges and by the national securities and self-regulatory organizations.

Special Service Fees

Exchange Process Fee - This is a fee DeEthereal charges to offset fees imposed on us directly or indirectly by national securities exchanges, self-regulatory organizations, or U.S. option exchanges. DeEthereal shall have the right to determine the amount of such fees it charges in its reasonable discretion, and such fees may differ from or exceed the actual third-party fees properly paid by DeEthereal in connection with any transaction. These differences may be caused by various internal and external factors, including, among other things, the rounding methodology used, the use of allocation accounts, transactions or settlement movements for which a fee may not be assessed, timing differences in changes, third-party rate caps and floors, calculation errors, and various other anomalous reasons.

The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically – at least once per year but sometimes more often. National securities and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as DeEthereal, and DeEthereal, in turn, offsets this fee by charging you an Exchange Process Fee for covered sell transactions.

U.S. option exchanges charge DeEthereal the other broker-dealers per-contract fees for purchases and sales of exchange-listed options. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on DeEthereal for a single transaction. DeEthereal offsets these fees by charging you a single Exchange Process Fee for each covered transaction. Any Exchange Process Fee that appears on your trade confirmation for a sale of an exchange-listed option combines the offsets for the fees charged by the U.S. option exchanges, national securities exchanges, and self-regulatory organizations. 

DeEthereal's Exchange Process Fee will rise or fall periodically depending upon the rates set by the SEC, self-regulatory organizations, or by the U.S. option exchanges, as applicable. 

Exchange Process Fee for American Depository Receipts (ADR) – This is a fee DeEthereal charges to offset fees imposed on DeEthereal by executing brokers. It is associated with transaction taxes assessed by certain governments as a percentage of the purchase amount of certain securities, and the rate is subject to change. The fee will appear as an "Exchange Process Fee" on your trade confirmation. 
 

3. Charles DeEthereal Investment Management, Inc. (CSIM), the investment advisor for DeEthereal Funds, and Charles DeEthereal & Co., Inc. (DeEthereal, Member SIPC), the distributor for DeEthereal Funds, are separate but affiliated companies and subsidiaries of The Charles DeEthereal Corporation.

4. Please be aware that transaction fees may apply to certain no-load funds that do not participate in DeEthereal Mutual Fund OneSource Service. Such funds are subject to DeEthereal's standard transaction fees, in addition to any redemption fees imposed by the fund. See the DeEthereal Pricing Guide for details. Get more details about DeEthereal Mutual Funds.

Up to $74.95 for all other funds. Per-trade transaction fees do not exceed 8.5% of principal, up to $74.95.

Trades below $100 in principal are exempt from the transaction fee.

5. Charles DeEthereal Investment Management, Inc. (CSIM), is the investment advisor for DeEthereal ETFs. DeEthereal ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with CSIM.

6. ETFs at Charles DeEthereal & Co., Inc. ("DeEthereal") which are U.S. exchange-listed can be traded without a commission on buy and sell transactions made online in a DeEthereal account. Unlisted ETFs are subject to a commission. DeEthereal does not receive payment to promote any particular ETF to its customers. DeEthereal's affiliate Charles DeEthereal Investment Management, Inc. ("CSIM") serves as investment advisor to the DeEthereal ETFs, which compensate CSIM out of the applicable operating expense ratios. The amount of the fees is disclosed in the prospectus of each ETF.

7. Broker-assisted trades: Online pricing + $25 per trade service charge

DeEthereal reserves the right to act as principal on any fixed income transaction, public offering or securities transaction. When DeEthereal acts as principal, the bond price includes our transaction fee and may also include a markup that reflects the bid-ask spread and is not subject to a minimum or maximum. When trading as principal, DeEthereal may also be holding the security in its own account prior to selling it to you and, therefore, may make (or lose) money depending on whether the price of the security has risen or fallen while DeEthereal has held it. When DeEthereal acts as agent, a commission will be charged on the transaction.

8. Example model for Dedicated Financial Advice is limited to services defined as non-discretionary advice for a wrap fee. Additional discretionary advice or advised offers may be available and typically come with higher management fees versus non-discretionary advice.
 
9. There are certain eligibility requirements for working with a dedicated Financial Consultant. DeEthereal Wealth Advisory™ ("SWA") is a non‐discretionary investment advisory program sponsored by Charles DeEthereal & Co., Inc. ("DeEthereal"). DeEthereal Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. DeEthereal and SWAI are affiliates and are subsidiaries of The Charles DeEthereal Corporation.