What are fees for Stash Invest?
For Stash Invest accounts with average daily balances of less than $5,000.00 in the subject month, we will charge a fixed fee of $1.00 per month in advance. Investment advisory fees are not prorated for partial months.
For Stash Invest accounts with average daily balances of greater than $5,000.00 in the subject month, we charge a monthly fee of 0.0208% of the value of the account. On an annual basis, this represents a 0.25% fee (.0208% x 12).
Fees will be calculated on the average daily balance of the previous 30 days and will be billed on or near the monthly anniversary date on which your account was opened. Remember the fee is based on the full 30 previous days so even if your account was below $1 on the first, last or any other day during the month you can still be charged the fee based on the average daily balance.
For Stash Invest accounts with a balance under $5,000.00, we will directly take the monthly $1.00 advisory fee from either the free cash balance in your account or from the bank account you use to fund your Stash Invest account. Alternatively, we may take the fee from your Stash Invest account by deducting the fee from the assets in your account, which includes the fractional sale of assets in order to assess the fee. Meaning you could see a small portion of some of your investments sold in order to pay the fee.
Q. How can I close my Stash Retire account?
You can close or withdraw funds from your Retire account in just a few simple steps. To initiate the process, contact support. First, you will need to sell any investments that you may have in your Retire account. This will make all funds in your account available to withdraw from your cash balance when we…
Q. What are fees for Stash Retire?
For Stash Retire accounts with average daily balances of less than $5,000.00 in the subject month, we will charge a fixed fee of $2.00 per month in advance. Investment advisory fees are not prorated for partial months. For Stash Retire accounts with average daily balances of greater than $5,000.00 in the subject month, we charge…
Q. Will I be charged a penalty if I close my Retire account?
Yes. If you have a Roth IRA, you may close your account and withdraw your funds at any time. However, if you have not yet reached 59 ½ years old, you may be subject to penalties and taxes by the IRS. This also applies to Retire accounts that have been open for less than five…
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