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HERON FINANCIAL
GROUP, LLC
Fidelity
announces reduction in stock commissions to $7.95/trade
April 5th,
2010
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Fidelity
Investments, which serves as a custodian of our clients assets, recently
announced a reduction in stock commisions:
$7.95
Online U.S. Equity and Options Trades, Effective March 15, 2010
New
Standard Commission-based Pricing:
- Just
$7.95 per online U.S. equity and options trades (options are $7.95
plus $0.75 per
contract).i Please note: The $7.95 commission is waived for
new-to-Fidelity relationships as part
of a previously announced initiative that began Oct. 1, 2009 and
runs through June 30, 2010.
- Applies
to households with assets of less than $1 million which are enrolled
for edelivery
for statements and trade confirmations, and all households with
assets greater
than $1 million.
- The
$7.95 pricing also applies to online trades of more than 800 ETFs
from 40 providers
(excluding the 25 iShares and Fidelity Nasdaq® Composite Index
Tracking Fund, which
are available commission-free for online trades).
- $8.00
for households greater than $1 million (plus $0.01 share for every
share over 3,000
shares); $17.95 for households less than $1 million (plus $0.015
share for every share
over 1,000 shares).
If you already have assets exceeding $1 million in a
single household (net values of individuals and families with accounts
registered to a single address, you don't have to do anything.
If you have less than $1 million custodied at Fidelity,
you can still receive the preferred commission schedule if you receive
your trade confirmations and monthly statemenets via e-mail
notificiation. You will still be able to print off your statements
exactly as if they were mailed to you, but when Fidelity saves the costs
of printing and stuffing envelopes, and applying postage, they are happy
to pass the savings on to you.
To update your account settings, follow this link to the Fidelity
Website. If you are already logged in, this page
display (if not just login and the next page will be the
Electronic/Paper Mail Delivery page.)
Select "Update Delivery Options" and choose E-mail
for each of three document types. Proxies are included under the
"Prospectuses, Finanacial Reports and Other Documents" option.
As always, feel free to call us with questions.
Yours sincerely,
David Edwards
President
Heron Financial
Group, LLC, is an
SEC registered investment advisor providing fully managed investment
and wealth management services to individuals, families, trusts, defined
benefit plans and corporations.
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HERON FINANCIAL
GROUP, LLC.
www.HeronCapital.com
(800)
99-HERON
TD>
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