Effective Date: August 2023
Date Update: August 2023
Updates:
Regulatory Trading Fees |
|
| Trading Transaction Clearing Fee (Rebalancing) | $0.03 per stock trade |
| Regulatory Trading Fees are set by law and regulation, and are subject to change without notice. Accounts that balances are under $300 will be placed in a suspended mode (account services will discontinue and no fees to be assessed until the amount is greater than $300) | |
Transfers & Money Movement Fees |
|
| Electronic Statements & Trade Confirmations | $0 |
| ACH Bank Verification (using Plaid) | $0.85 (3 links free per year) |
| ACH Notice of Change/Correction | $5 |
| Deposits (using Plaid, minimum deposit amount $10) | $0.04 (3 free deposits per month) |
| Outgoing Wire Transfers (Domestic) | $25 |
| Paper Check Draft/regular mail (Domestic) | $5 |
| Returned ACH | $30 |
| Returned Checks/Wires and Recalls (including amendment repairs) | $30 |
| Fees above will be applied monthly. ShareGro reserves the right to charge these fees to members. | |
Service Fees |
|
| Monthly Subscription Fee | $3 |
| Assets Under Management (AUM) | 0.24% annually |
| Sharing |
Contribution: 1/12 of 1% (or 0.0833%) AUM
|
| Service fees above will be applied monthly. Applies only to active accounts, inactive accounts are accounts that have not initially been funded or accounts that balances fall below $300. | |
Investment Minimums |
|
| Initial Investment Obligation | $500 |
| Minimum Investment Balance |
$300 |
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Processing and service fees assessed by third parties may be passed through to the customer’s account. Some products and services may require additional fees or transaction minimums not specifically listed here. ShareGro reserves the right to vary its rates and fees among customers in connection with special offers, promotions, or arrangements based on criteria such as account values, account balances or customer loyalty. ShareGro’s Sharing community members agree to share contributions of their AUM with the ShareGro community each month. This money is collected from all members and shared back with those members who made contributions to their ShareGro account in the same monthly period. The sharing amount is proportional to an individual’s contributions to ShareGro compared to all members' collective contributions to ShareGro for the month. As a result, the community helps to reward those that are willing to make contributions to their accounts by sharing a nominal portion of their AUM. This encourages members to regularly add funds to their account, entitling them to a portion of each monthly sharing distribution, and increasing the value of their accounts.