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Brokerage Account Features
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Full-Service Brokerage Account (UltraAsset®)
We offer a comprehensive array of features and services to help you better manage your portfolio and make tax planning and expense management easier:| Unlimited free IRAs | Consolidate and transfer your IRAs and stop paying fees on your individual retirement accounts. |
| Free check writing | Enjoy free standard checks with expense coding on the check for your convenience. |
| Free online bill pay service | You can pay monthly or quarterly recurring expenses such as a mortgage or college tuition. |
| Free 24-hour online access | 24/7 access to your account information via the Internet. Access A.G. Edwards research reports, online statements, trade confirmations and tax reports. Download your account information to financial management software. |
| Tax-related reporting | Unrealized and realized gain/loss information on monthly statements and an annual gain/loss summary. |
| Monthly and annual expense summaries | Summaries listed by category of all checks and Visa activity previously displayed on your statements throughout the year. Each category will be subtotaled, and a total of all categories will be given. |
| Preferred margin borrowing rates1 | Enjoy competitive rates and flexible repayment alternatives to enhance your borrowing power when you need it. |
| A.G. Edwards WorldPoints® Rewards credit card | Issued by FIA Card Services, N.A., our credit card offers a competitive variable annual percentage rate and attractive rewards programs. |
| Visa® Gold debit card with free ATM withdrawals2,3 | ATM transactions incur no fee from A.G. Edwards. You may also use your Visa Gold debit card to access Wachovia Bank ATMs free of charge. |
| Cash sweep | We automatically sweep your available cash -- including deposits, dividends, interest and proceeds from sales -- in your brokerage account and deposit it into interest-bearing FDIC-insured accounts in the AGE Bank Deposit Program. UltraAsset Accounts (UAA) benefit from daily sweep whereas Cash Convenience Accounts (CCA) sweep weekly or monthly depending on the amount.* The Bank Deposit Program is not available for all account types. Please see the AGE Bank Deposit Program Terms and Conditions for details. |
Basic Brokerage Account (Cash Convenience Account)
To serve every client, regardless of account size, we offer a no-minimum cash convenience account. Although there is no account minimum required, a $2,500 minimum initial deposit is necessary if you'd like a money market fund to be the underlying investment. The features of this account type include:• IRAs at $40/year
• Bank drafts ($250 minimum applies)
• Free 24-hour online access
• Margin borrowing privileges at the standard rate
• A.G. Edwards Rewards credit card
Other brokerage account (investment account) services include our account protection package4, safekeeping of securities certificates and our A.G. Edwards credit cards.
*Investors in higher income tax brackets should consider how the after-tax return of bank deposits may affect their tax liabilities. In some cases these investors may benefit from electing to invest cash balances in a tax-exempt money market fund.
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1Pension fund and profit-sharing accounts may not purchase securities on margin.
2Visa debit cards are not issued for pension fund or profit-sharing accounts or IRAs.
3A.G. Edwards will not charge an additional fee for you to make an ATM transaction, but the bank or financial institution where an ATM transaction takes place may charge a fee. All transactions at a Wachovia Bank ATM are free.
4Your account's security is based on A.G. Edwards' financial strength and comprehensive account protection package. A.G. Edwards is a member of the Securities Investor Protection Corporation (SIPC), which protects the securities customers of its members up to $500,000 (including a limit of $100,000 for claims for cash). An informational brochure is available upon request or at www.sipc.org. We have purchased additional protection up to the full value of your account through the Customer Asset Protection Company (CAPCO), in which we have a minority ownership interest (see www.capcoexcess.com). CAPCO provides additional protection for institutional and brokerage accounts for other broker-dealers in addition to A.G. Edwards. This account protection package does not cover losses resulting from declines in the market value of your investments.