1The Account Service Fee applies only to select accounts opened before 1/1/12 with household assets totaling less than $50,000 in assets held at NMIS. Accounts exempt from this fee include: Northwestern Mutual Cash Management Gold and Platinum, IRAs, qualified retirement plans, accounts that hold share classes that are designed specifically for employer-sponsored 529 plans, accounts invested solely in certain single-fund solutions, and accounts serviced by the Northwestern Mutual Client Service Center. For more information regarding the Account Service Fee, please contact your NMIS registered representative.
2NMIS reserves the right to assess a late payment fee, with a minimum of $10.00, for any trade paid after the date due. The charge will be calculated at the current margin interest rate beginning on settlement date. Late payment fees will be subject to a $10.00 minimum such that any fee calculated to equal $1.00-10.00 may be charged a flat $10.00. Amounts less than $1.00 may be waived. The interest period for late payments is the 16th of the month through the 15th of the following month. Charges are posted to the client's cash account on the same day margin interest is posted (second last business day of the month). IRA accounts, DVP accounts, and accounts with a margin balance are not subject to the late payment fee. Other accounts that accrue small interest amounts and/or that have no prior history of late payment, etc., may be waived by NMIS at NMIS's discretion.
3Clients will be assessed a Service Charge for the purchase of certain no- and low-load funds. A complete list of impacted fund families can be obtained by contacting your NMIS registered representative. The fee may not be applicable for certain ERISA accounts.
4Waived for those alternative providers participating in the No-Fee Alternative Investment Network at the custodian.
5One free IRA account when householded to a Northwestern Mutual Cash Management Gold or Platinum account.
6The annual fee for IRA accounts and Coverdell ESAs is waived if a single account, or a combined household, holds $250,000 or more in assets held electronically (not in certificate form) or assets held directly at NMIS (not directly at a mutual fund company). In addition, the IRA fee is waived for Signature Advisory IRA accounts, including Signature Annuities. Contact your NMIS registered representative for details.
7Legal deposits are certificates that require legal documents (death certificate, corporate resolution, etc.) to render it negotiable.
8Reorganization Fee: The exchange of a physical certificate for another certificate (and/or cash) as part of a company reorganization activity. Applies to customer name certificates only; no fees are assessed for corporate action transactions for securities registered in street name (electronically held at NMIS).
9The fee may be assessed at $90 for full service if NMIS involves outside counsel to ensure all legal opinions are received in good order. Also may be subject to a $60 legal deposit fee.
10Available for IRA account holders over 59½ only.
11Annual Northwestern Mutual Cash Management Gold and Platinum fee is waived if the account holds $250,000 or more, or if your combined household holds $250,000 or more in assets held electronically (not in certificate form) at NMIS. Accounts must be householded prior to fee invoicing. Contact your NMIS registered representative for details. If the household contains an IRA, one IRA annual fee is waived. Other charges from outside vendors may apply (e.g., ATM or transfer agent fees).
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Securities and investment advisory programs are offered through Northwestern Mutual Investment Services, LLC, (NMIS) a subsidiary of NM, broker-dealer, registered investment adviser, member FINRA and SIPC. Investment management, trust services, and fee-based planning are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and limited purpose federal savings bank. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial professionals. Not all products and services are available in all states.