UMB ScoutBrokerage - Commissions and Fees

Place your trades with UMB Financial Services online for half price! When you place your trades via the Internet you will automatically receive half off of the discount commission rates at the time of your trade.

Commission Schedule

Stocks

Under $5,000	$47 + .0096 of dollar amount
$5,000-$14,999	$47 + .006 of dollar amount
$15,000-$44,999	$47 + .005 of dollar amount
$45,000-$74,999	$47 + .004 of dollar amount
$75,000 and over	$47 + .003 of dollar amount

Maximum Charge:	$.56 per share on first 100 shares; $.54 per share thereafter
Minimum Charge:	$.05 per share
(All transactions are subject to a $47 minimum commission.)

Options

Under $3,000	$47 + .014 of dollar amount
$3,000-$9,999	$47 + .010 of dollar amount
$10,000 and over	$47 + .009 of dollar amount

Maximum Charge:	$25 per contract
Minimum Charge:	1st through 10th contract @ $4.25 per contract; 11th and above @ $3 per contract
(All transactions are subject to a $47 minimum commission.)

Transfer and Shipping Physical Certificates

There is a $20 per certificate fee if a security is issued in physical form from a UMB Financial Services account to a customer.

Wiring of Funds

There is a $15 charge to initiate a wire from a UMB Financial Services, Inc. account.

IRA Fees

Self-Directed IRA fees are charged by Fidelity Management Trust Company of Boston, Mass.
Current Annual Maintenance	$35
Account Closing Fee	$75

No-load Mutual Fund Buy/Sell

There is a $75 charge for each no-load mutual fund that is purchased or sold.

Inactive Fee

UMB Financial Services accounts that have no activity during a calendar year will be subject to a $25 fee. Accounts are reviewed on an annual basis.

There are several ways to prevent this charge, including:

Executing at least one trade during a calendar year
- The trade must settle on or before the last day of December
Having a mutual fund periodic investment, systematic withdrawal or mutual fund exchange
Having equity dividend reinvestment
- Your account must have at least one dividend reinvest within the calendar year
Having a UMB Financial Services money market balance of $10,000 or greater
Accounts exempt from $25 annual fee:
- UMB Asset Management
- IRAs

Accounts exempt from $25 annual fee:

SAM
IRAs

Stop Payment Fee

There is a $5 charge for each request made to place a stop payment on a UMB Asset Management check.

Copies of Checks

There is a $5 charge for each copy requested.

Insufficient/Returned Check Fee

There is a $25 charge for each check that is 1) insufficient due to a lack of funds in your brokerage account, or 2) returned checks that were deposited to your brokerage account.

Trade Extensions

There is a $20 per trade extension fee if cash or securities to settle a trade are not available in the account by the second day after settlement date of the trade.

Transfer of Assets-Deliveries

There is a $75 charge per account when a request is received to transfer all assets held in a UMB Financial Services account to another brokerage firm.

Legal Fee

There is a $50 per issue charge if the security being deposited has legal papers attached.

Physical Reorganization

There is a $20 per issue charge for any security that has undergone reorganization, whether held in "street name" in a brokerage account or received as a physical deposit.

Research Fee

There is a $35 per hour charge for all in-depth research that is requested by the customer.

Restricted Stock Fee

There is a $500 charge for Restricted Stock that falls under Rule 144, Rule 144K, Rule 145, 701C3, and S3. The $500 fee covers the legal opinion issued by the attorneys and filing fees.

Re-registration of Certificate

There is a $75 per issue charge for re-registration of stock that is not being deposited into a UMB Financial Services account.

Fixed Income

There is a $32 charge on Fixed Income securities that are traded away.

Accounts are carried with National Financial Services, LLC, Member NYSE/SIPC, a Fidelity Investments (R) Company.

System response and account access times may vary due to market conditions, system performance, and other factors.


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