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Fee and Commission Schedule for Self-Directed Investing Accounts

Please Read Carefully
This schedule applies to Self-Directed Investing Accounts. Please note that fees and other information are subject to change.

  REPRESENTATIVE-ASSISTED ORDERS
U.S. EXCHANGE-LISTED STOCKS
& EXCHANGE-TRADED FUNDS1
$25.00/trade
U.S. MUTUAL FUNDS2 $20.00/trade
U.S. LISTED OPTIONS3 $25.00/trade + $0.75 per contract
U.S. FIXED INCOME4 $30.00/trade + $1.00 per bond over 10
bonds ($270 maximum)

Other fees and costs, including fees intended to offset fees charged by certain regulatory bodies and costs for foreign currency transactions, foreign clearing charges and safekeeping, may apply.

Certain products and order types, including low-priced securities, block and algorithmic trades, are not available to Self-Directed Investing Accounts. Please speak with the Self-Directed Investing team for more information.

1 There are costs associated with owning ETFs. Sales of U.S. Stocks and ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 principal. Transaction fees are intended to offset fees charged by various regulatory bodies and/or exchanges, and change periodically; please refer to your trade confirmation for the current fee. The amount collected may be more or less than the amount ultimately paid to the various regulatory bodies and/or exchanges. In the event of the former, no reimbursement will be distributed back to your account, and, in the event of the latter, there will be no additional charge made to your account. Before investing in ETFs, you should consider the funds’ investment objectives, risks, charges, and expenses. Contact the Self- Directed Investing team for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. ETFs are subject to market fluctuation and the risks of their underlying investments; they are also subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the fund. Foreign equity transactions are subject to a commission of 0.20% of the principal amount of the shares purchased or sold.
2 Investors should carefully consider the investment objectives and risks, as well as charges and expenses, of the mutual fund before investing. To obtain a prospectus, call the Self-Directed Investing team or visit the company’s website. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing.
3 Options trading is subject to approval. Multi-leg options are charged per leg and contract. The commission for exercised/assigned options is $5.00 per trade. Options are not suitable for all investors. There is an Options Regulatory Fee (ORF) from $0.04 to $0.06 per contract, which applies to both option buy and sell transactions. The ORF is intended to offset fees charged by various regulatory bodies and/or exchanges, and changes periodically; please refer to your trade confirmation for the current fee. The amount collected may be more or less than the amount ultimately paid to the various regulatory bodies and/or exchanges. In the event of the former, no reimbursement will be distributed back to your account, and, in the event of the latter, there will be no additional charge made to your account. For additional option risk information, please visit: http://www.optionsclearing.com/about/publications/character-risks.jsp for a copy of “Characteristics and Risks of Standardized Options.”
4 Fixed income includes U.S. Treasury bills, notes and bonds, agency discounts, municipal and corporate bonds (including zero coupon bonds) and brokered certificates of deposit. Commission for U.S. Treasury bills, notes and bonds is $0 per bond. There is no commission for new issue CDs, but the offering price includes a selling concession. Rates are for U.S. Dollar denominated bonds. Additional fees and minimums apply for non-Dollar bond trades. Please call the Self-Directed Investing team about specialty products, including commercial paper and foreign bonds.


Account Fees

Service or Product Standard Fee or Amount
Returned Checks $20 per event
Register and Ship $50 per item5
Legal Transfer $50 per item5
Third-Party Check $20 per check
Third-Party Wire Transfer $20 per wire
ACAT (deliveries only) $95 per account
Transaction Service Charge $5 per transaction
 
Service or Product Standard Fee or Amount
Treasury Auction $50 per transaction
IRA Maintenance $75 per year
IRA Termination $95 per account
Prototype Profit-Sharing/Money Purchase Plans $35 per year
Prototype Termination (all plan types) $50 per account6
Transaction Fee–Listed Equities & ETFs (sells only) $0.0000231 of principal/trade7
Transaction Fee–Options $0.0415 per contract7

5The transfer agent may charge additional fees. Please consult your Self-Directed Investing Team for further information.
6Prototype Termination Fee applies to all prototype plan types, including Individual (k) Plans. Other fees may be payable to the third-party recordkeeper with regard to the Individual (k) Plan and are contained in the “J.P. Morgan Individual (k) Plan Establishment Kit,” which plan clients receive prior to establishing the prototype plan.
7These fees are intended to offset fees charged by various regulatory bodies and/or exchanges, and change periodically; please refer to your trade confirmation for the current fee. The amount collected may be more or less than the amount ultimately paid to the various regulatory bodies and/or exchanges. In the event of the former, no reimbursement will be distributed back to your account, and, in the event of the latter, there will be no additional charge made to your account.

Please also review the applicable regulatory and other disclosures available on J.P. Morgan’s public website at: https://www.jpmorgan.com/country/US/EN/disclosures.

For more information. Please contact the Self-Directed Investing team if you require further information on any of the fees and charges set out in this Fee and Commission Schedule, or on any other fees and charges that may be applicable.

“J.P. Morgan Securities” is a brand name for a wealth management business conducted by JPMorgan Chase & Co. (“JPMC”) and its subsidiaries worldwide. JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. JPMCB and JPMS are affiliated companies under the common control of JPMorgan Chase & Co.

 

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Investments in alternative investment strategies is speculative, often involves a greater degree of risk than traditional investments including limited liquidity and limited transparency, among other factors and should only be considered by sophisticated investors with the financial capability to accept the loss of all or part of the assets devoted to such strategies.

Borrowing with securities as collateral involves certain risks, including the possibility that you may need to deposit additional securities and/or cash in the account to meet a maintenance call, and that securities in the account may be sold to meet the maintenance call.  Proper management of your account and a thorough understanding of the conditions that may affect your investments will assist you in effectively using the margin lending program.​

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