Investment Products
BKS Balanced Equity Accounts: Individual active management, asset allocation (individual stocks and fixed income mutual and exchange traded funds) accounts: Annual 1% fee of assets under management, accrued quarterly. Brokerage commissions $9.99 to $16.99 per trade, buy or sell. Mutual and exchange traded fund fees are 0.15% to 1% annually. Total potential fees of 2% (including fund fees) plus brokerage commissions. Recommended for accounts of $50,000 or more. TD Ameritrade Institutional provides brokerage and custody services,
BKS Balanced Index Accounts: Individual active management, asset allocation, exchange traded and mutual fund (equity sector funds and fixed income funds) accounts: Annual 0.5% fee of assets under management, accrued quarterly. Brokerage commissions $0.00 to $25.00 per trade, buy or sell. Exchange traded and mutual fund fees of 0.15% - 1.5% annually. Total potential fees of 2% (including fund fees) plus brokerage commissions. Recommended for any account size. TD Ameritrade Institutional and Benefit Trust provide brokerage and custody services.
BKS Bond Accounts: Individual active management, income accounts: Annual 0.10% or 0.25% (CD only, or exchange traded and mutual funds and CDs and individual bonds, respectively) fee of assets under management, accrued quarterly. High yield and investment grade alternatives available. Brokerage commissions $0.00 to $25.00 per trade for exchange traded and mutual funds. Exchange traded and mutual fund fees of 0.15% - 1.5% annually. Minimum trade size of one bond ($1,000). Total potential fees of 1.75% plus brokerage commissions. Brokerage mark-ups or mark-downs (spreads) on bonds or CDs are not disclosed by the broker, but are reflected in the ultimate yield-to- maturity price to the customer. Recommended for accounts of $10,000 or more. TD Ameritrade Institutional provides brokerage and custody services.
Small Business SEP (Simplified Employee Pension) IRA, SIMPLE (Savings Incentive Match Plan, and 401-k accounts: Same fee structure or less (depending upon custodians) as individual account options above. TD Ameritrade Institutional provides brokerage and custodial services for SEP and SIMPLE plans. Various custodians, including Benefit Trust and ExpertPlan, are available for 401-k plans.