Schedule of Services and Fees

Account Options and Fee Schedule

Effective February 1, 2018

Classic Investment Account

Our Classic Investment Account includes the ser- vices of a dedicated Financial Consultant and admin- istrative support. Monthly statements (quarterly, if you have no account activity), custodial services, and consolidated 1099 forms help you track your assets accurately.

Advantage Standard Account

An Advantage Standard Account combines your investment account with a checking/cash-manage- ment account. You get unlimited check writing, a VISA® debit card, and an enhanced monthly state- ment that includes realized and unrealized gain/loss information, check expense codes for year-end tax re- porting, and check and debit card payee information.

Advantage Basic Account

An Advantage Basic Account combines your invest- ment account with a checking/cash-management account. You get unlimited check writing and a con- solidated account statement.

Margin Account

A Margin Account lets you pledge the securities in your account as collateral. You can borrow up to 50% of the value of your marginable assets. Be aware that carrying securities on margin does carry risk. Your Financial Consultant can give you current variable interest rates and help you determine whether bor- rowing on margin is right for you.

Transfer-on-Death Account

A Transfer-on-Death Account works like a Classic Investment Account, but transfers applicable assets to your beneficiaries after you die. Transfer-on-Death accounts are free to set up.

Custodial (UGMA/UTMA) Account

Custodial accounts let minors own assets, including securities, in trust without having an attorney prepare special documents. Parents (or other relatives) usual- ly serve as both donors and custodians of these accounts. Custodians must give up control of assets once minors reach the age of majority in the state they reside in.

Individual Retirement Account (IRA)

A traditional IRA is an excellent way to save for your retirement. You enjoy both current tax savings and deferred taxes on investment earnings.

Roth IRA

A Roth IRA is another excellent way to save for retire- ment. Roth IRA contributions are not tax-deductible, but investment earnings and qualified distributions are tax-free.

Managed Accounts

We offer a wide range of advisory account solutions to optimize how your wealth is managed. In an advisory relationship, you pay quarterly investment management fees based on a percentage of billable assets rather than paying transaction-based commis- sions and trade processing fees. Costs vary based on your preferences and needs. Your Financial Consul- tant can help you determine whether a managed account solution is appropriate for you.

Note that, for all accounts other than Managed Accounts, transaction-based commissions and trade processing fees apply.

Checking Account Options & Fees

Standard Wallet Checks

  • Initial Order (40) ...................................................Free
  • Reorder (120 per box).............................................$9

Standard Duplicate Checks (120)............................. $20

  • Corporate Checks, three per page (252)
  • Initial Order (with cover) .................................... $155
  • Reorder (without cover).....................................$110

Advantage Standard Account* ............................... $125

Additional Debit Card .................................................. $10

Overnight Delivery of Extra Card............................... $20

Return of Deposited Check........................................ $10

Stop Payment of Client-Issued Advantage Check $25

Insufficient Funds........................................................ $20

ATM fees (no fees at Wells Fargo Bank ATMs) At Cost

*Advantage Standard Account fee is waived if your household balance is over $500,000.

Fund Transfer Fees

Automated Transfer (ACH) .......................................Free

Domestic Wire.............................................................. $30

International Wire ........................................................ $40

Physical Certificate Issuance Fees

Standard Delivery..................................................At Cost

Rush Delivery.........................................................At Cost

Re-register Physical Certificate .............................$125

GNMA Certificate Issuance (each) ......................... $35

Foreign Security Certificate Issuance (each)......$500

Physical Securities Safekeeping Fees

Initial Presentment .................................................. $500

Annual Fee per Position ......................................... $150

Miscellaneous Fees

Trade Processing – postage & handling..................$9

Overnight Mail/Postage ........................................... $15

Bond Redemption..................................................... Free

Transfer-on-Death Application and Distribution . Free

No-Load Mutual Fund Trades (non-advisory only)............................................ $25

Deposit Rejection – Certificate.............................$175

Replacing Securities Lost by Client...................$100 + transfer bonding

Prepayment Fees on Trades...........Broker Call Rate (Minimum $15)

Direct Participation Program (per position) ....... $100

Direct Registration Reject Fee (each) .................... $75

Rejection of Ineligible Certificates Presented for Deposit ........................................ $50

Reorganization Activity – Instructions Received after Expiration..................................................$100

Qualified Retirement Plans................................At Cost

Automated Customer Account Termination (ACAT) and Transfer.................. $175

Individual Retirement Account (IRA) Termination........................................................ $175

Annual Account Fees and Waivers

For all accounts other than managed accounts, we assess a fee of $125 per account each September based on account status as of the prior June 30. This fee applies to Classic, Advantage Basic, Margin, Transfer-on-Death, Custodial (UGMA/UTMA), and Individual Retirement accounts (both regular IRAs and Roth IRAs).

We waive these fees for households if you have one or more accounts with assets of at least $175,000 (as of June 30).

We also waive annual fees on an account-by-account basis for:

(1)  managed accounts that pay a fee rather than commissions (normal quarterly asset manage- ment fees apply);

(2)  investment accounts opened after January 1 of the current year;

(3)  529 Education Savings Plan accounts;

(4)  annuity-only accounts;

(5)  individual participant’s accounts that are part of a qualified retirement plan other than an IRA;

(6)  accounts with mutual fund balances that exceed $100,000.

Trade Commissions

We charge commissions on most brokerage trans- actions. Contact your Financial Consultant to get the commission and trade processing fees for any transaction you are considering.

Fees and terms subject to change after 30 days’ notice.

hilliard.com

J.J.B. Hilliard, W.L. Lyons, LLC | Member NYSE, FINRA, & SIPC

Hilliard Lyons Corporate Office

500 West Jefferson Street | Suite 700 | Louisville, KY 40202 502.588.8400 | 800.444.1854 | [email protected]

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