Fidelity BrokerageLink ® account, the self-directed brokerage account offered through your employee benefit plan. Certain fees relating to purchases in BrokerageLink will be changing effective June 3, 2024, as described below. No action is required.
On June 3, 2024, fees will be increased for purchases of a limited number of mutual funds, and a new service fee will be applied for a limited number of exchange-traded funds (ETFs), available through BrokerageLink. These fees will be applicable to funds and ETFs offered by fund families that do not pay Fidelity a direct, asset-based fee to support their mutual funds' and/or ETFs' availability on our brokerage platform. This fee covers support for shareholder support services, the provision of calculation and analytical tools, and general investment research and education materials regarding mutual funds and ETFs.
Effective June 3, 2024, the transaction fee for Vanguard and Dodge & Cox mutual funds will increase from $75 to $100 per purchase. Also effective June 3, 2024, participants purchasing shares in applicable ETFs will now be subject to a new service fee of up to $100 per purchase. For purchase orders below $2,000, the service fee will be reduced to an amount that is approximately 5% of the purchase value. The complete list of ETFs currently subject to this service fee can be found here, and will be updated periodically.
Fidelity plans to update all online channels to reflect this change prior to the effective date. Additionally, the applicable fee is shown on the trade verification page when placing an order for one of the applicable mutual funds or ETFs.
Submitted May 04, 2024 at 12:38AM by Guy_PCS https://ift.tt/Aqepdox
