Basic Account
Davenport & Company's basic brokerage account provides a complete record of your assets including quarterly statements, trade confirmations, and when required, consolidated 1099 forms. A Davenport Financial Advisor can help you establish a traditional brokerage account, whereby commission rates and processing fees apply to all transactions made within the account. Please consult your Financial Advisor for more information.
Margin Account
Depending on your needs and suitability, you can use the power of eligible marginable securities in your basic brokerage account to borrow funds for additional investments. Interest charges apply. Consult your Davenport Financial Advisor for current rates.
This list is a representation of individual charges but is not a comprehensive summary of all services and fees. Fees may be negotiated under certain limited circumstances. Please consult with your Financial Advisor.
Basic Account with Source AccountSM
When you utilize a money market fund with your Davenport & Company account, you may add check writing, a Visa® Check Card, and a Visa® Platinum Rewards Credit Card with a Davenport Source AccountSM. This cash management program includes automatic payments, check image statements, online account access and services, as well as a year-end annual summary statement of transactions organized by expense codes. With the Davenport Source AccountSM, you may choose one, two or all three services for no fee. However, Davenport may charge an annual fee of $100 for accounts with combined assets below $25,000. Davenport may waive the annual fee at its discretion. For more information, ask your Financial Advisor for a Source AccountSM brochure.
Trade Commissions
Most brokerage transactions incur a commission charge. Commissions are calculated based on a sliding scale which considers both the number of shares traded and the share value. Contact your Financial Advisor for more information.
Fee Schedule for Individual Services
| Source AccountSM Charges |
 |
|
|
|
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| Source Checks (Original Order 50) |
|
No Charge |
|
|
|
| Source Checks - Reorder (200) |
|
$15.00 |
|
|
|
| Source Checks with Duplicates (200) |
|
Upon Request |
|
|
|
| Business Style Source Checks with Binder |
|
Upon Request |
|
|
|
| Expedited Source Checks |
|
$40.00 |
|
|
|
| Insufficient Funds/Returned Checks |
|
$25.00 |
|
|
|
| Stop Payment |
|
$25.00 |
|
|
|
| Account Activity Access |
|
No Charge |
|
|
|
| PC Bill Pay |
|
$5.95 Per Month |
|
|
|
| Visa® Platinum Check Card |
|
No Charge |
|
|
|
| Visa® Platinum Rewards Credit Card |
|
No Charge |
|
|
|
|
| Electronic Funds Transfer & Check Charges |
|
|
|
|
Automated Transfer (ACH) |
|
No Charge |
|
|
|
| Stop Payment |
|
$25.00 |
|
|
|
| Insufficient Funds/Returned Checks |
|
$25.00 |
|
|
|
| Domestic Wire |
|
$20.00 |
|
|
|
| International Wire |
|
$50.00 |
|
|
|
|
| Retirement Account Processing |
|
|
|
| Annual Custodial Fee–IRAs (all types) |
|
$35.00 |
|
|
|
| Annual Document Fee–Qualified Plan |
|
$250.00 |
|
|
|
| Annual Coverdell ESA Custodial Fee |
|
$100.00 |
|
|
|
| Annual Private Placement Custodial Fee1 |
|
$15.00 |
|
|
|
| Private Placement Processing Fee |
|
$40.00 |
|
|
|
| Premature Distribution Fee |
|
$25.00 |
|
|
|
| Set-Up Fee–Qualified Plan |
|
$200.00 |
|
|
|
| Termination Fee |
|
$75.00 |
|
|
|
Other Fees
|
|
|
| Restricted Stock2 |
|
$75.00 |
|
|
|
| Coupon Clipping/Processing |
|
$25.00 |
|
|
|
| Deposit Rejection–Certificate |
|
$75.00 |
|
|
|
| Courtesy Transfer of Securities (Broker to Broker) |
|
$25.00 |
|
|
|
| Limited Partnership Transfer |
|
$75.00 |
|
|
|
| Prepayment Fee3 |
|
$25.00 |
|
|
|
| Extensions of Time on Settlement |
|
$10.00 |
|
|
|
| Full Account Transfer Fee (Retail) |
|
$75.00 |
|
|
|
| Partial Account Transfer Fee (Retail) |
|
$50.00 |
|
|
|
| Date of Death Estate Valuation Analysis (per marketable security) |
|
$2.00 |
|
|
|
| Stock Option Exercise Fee4 |
|
$25.00 |
|
|
|
| Reorganization Processing (per Certificate) |
|
$65.00 |
|
|
|
| Redemption Deposits (per Certificate) |
|
$35.00 |
|
|
|
| Certificate Registration/Direct Registration (DRS) via DTC |
|
$50.00 |
|
|
|
| Terminate DRIP Plan at Agent (Non-DRS) Transaction |
|
$50.00 |
|
|
|
| Foreign Security Deposit |
|
$100.00 |
|
|
|
| Deposit/Withdrawal at Custodian |
|
$30.00-$50.00 |
|
|
|
| Transfer on Death Account, Set-up Fee |
|
$75.00 |
|
|
|
| Transfer on Death, Distribution Fee |
|
$75.00
(per recipient) |
|
|
|
|
| Approximate Mail/Postage Fees (each way) |
|
|
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| Registered & Certified Mail |
|
$10.00 |
|
|
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| Overnight Mail-Domestic |
|
$25.00 |
|
|
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| Overnight Mail with Saturday Delivery |
|
$40.00 |
|
|
|
| Overnight Mail-International |
|
$50.00 |
|
|
|
| 1 |
Per security (not account) |
| 2 |
The fee is based on the actual agent's fee. There is a $75 minimum charge. If there is a legal opinion fee, it will be charged to the client in addition to the $75. |
| 3 |
Fee is based on actual interest on prepaid balance amount. There is a $25 minimum charge. |
| 4 |
The fee is based on actual interest on loan balance. There is a $50 minimum charge. |
Account Protection
All accounts carried by Davenport & Company LLC are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 per eligible account, subject to a $100,000 limit on cash balances pending investment. For more information please refer to www.sipc.org.
Effective November 15, 2007
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