Does every firm assess these on every stock or mutual fund transaction? What gets me is when I do a fund swap within say American Funds, I generate zero revenue but it costs me that ticket charge. It's a small charge but man do they add up during the month.
Edward Jones: $4.95 flat for every commissioned transaction (not CD's and certain other products). Client pays.
We don't have any ticket charges on exchanges/swaps. That seems absurd.
No ticket charges in our advisory accounts.
Yeah we know, Jones doesn't have ticket charges... I think he was referring to indys..
National has a list of non transaction fee funds-which is most of the no load big names out there like Fidelity, Vanguard, etc.
otherwise every fund has a ticket charge through my clearing firm, even exchanges (although a reduced amount).
most fee based accounts have none obviously, but some do.
RJ never charges more of a ticket charge than the gross rev., so you never lose money.