Fees and Commissions

Transaction charges, fees, and commissions vary depending on your financial professional's range of services, choice of account custodian, and other factors.  In addition to the summary information below, please see the comprehensive disclosure on Compensation and Reimbursement of Expenses to Ladenburg Thalmann and Representatives.

Mutual Fund Sales Charges are detailed in the fund prospectus. Funds typically offer lower percentage sales charges at certain “breakpoints.” Please ask your financial professional for details. Scheduled minimum transaction charges in brokerage accounts held through KMS/Pershing are as follows:

  • Stock trades (including ETFs): $19
  • Bonds and most other fixed-income securities: $22
  • Mutual Fund “no-load” or “load-waived” buy or sell: $15

Advisory Wrap Accounts operate under a “wrap” fee that covers advisory services, account reporting and administration, and scheduled transaction charges (see above). Wrap accounts may incur additional Account Service Fees.

For RETIREMENT accounts with PERSHING as custodian, custodial fees are detailed in the plan adoption agreement and attendant information. If you have questions regarding these or other charges, please contact your financial professional.

The information below is designed to help KMS clients understand the account and service fees that may be applied to their accounts held at Pershing LLC. We encourage clients to speak directly with their financial professional if they have questions regarding these account and service fees.

Schedule of Miscellaneous Pershing Account and Service Fees (PDF)

KMS finacial professionals can also assist clients with information on fees related to commissions, commission equivalents, markups, advisory accounts, and accounts held outside of Pershing.


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