1NMIS 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.
2Clients 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.
3A limited group of mutual funds and all general securities are subject to transaction fees for both buys and sells for clients in the Signature Choice, Signature Choice Plus, Signature Retirement, and Signature Advisor Programs. The transaction fees are paid to NMWMC's affiliated broker-dealer, NMIS, to defray costs associated with trade execution; however, they are not directly related to transaction-related expenses of NMIS and are a source of revenue to NMIS. Please refer to the Signature Advisory Program Disclosure Brochure for additional details or contact your representative.
4This fee is in connection with the SEC fees charged to SROs and exchanges under section 31 of the Securities Exchange Act of 1934.
5Waived for those alternative providers participating in the No-Fee Alternative Investment Network at the custodian.
6If not previously paid for the current year, the annual fee for Brokerage IRA accounts and Coverdell ESAs will be charged at the time the account closes in addition to the closing/transfer out fee. The 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).
9Applies to trades executed in a foreign market and settled to the customer's account. $50 fee for Euroclear transactions and $75 fee for all other foreign transactions.
10A tax charged for certain foreign securities transactions in a foreign market. The fee is calculated by multiplying the principal value by the particular country's tax rate.
11The 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.
12Available for IRA account holders over 59½ only.
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 are offered through Northwestern Mutual Investment Services, LLC, (NMIS) a subsidiary of NM, broker-dealer, registered investment adviser, member FINRA and SIPC. Fiduciary and fee-based financial planning services are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and a 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.