Non-Qualified Account Fee Comparison


Are You Paying Too Much For Custodial Fees?

There aren’t many custodians that hold alternative assets in non-qualified accounts, and those that do charge a wide variety of fees for performing similar duties. CNB believes in keeping fees low while providing the highest level of customer service. The chart below compares fees for a typical non-qualified account at CNB and three other custodians. Customers can save hundreds or even thousands of dollars in fees over the life span of an average account by using CNB as their custodian. Call us today for a personalized fee quote based on the investments in your account.

IRA with 3 REITs or BDCs cnb-logo Custodian A Custodian
B
Custodian C
Set Up Fee $25 $25 $60 $50
Annual Fee $80 $150 $225 $100
REIT/BDC* Purchase Fee (for 3 purchases) $30 $75 $225 $0
Annual REIT/BDC* Holding Fee (for 3 holdings) $0 $72 $.25% of value $200
Annual paper statement (eStatements are available at no charge) $5 $5 $0 $30
Total Year One Fee*** $140 $327 $510 + .25% $380
Total Year Two Fee*** $85 $227 $225 + .25% $330
Account with 3 REITs or BDCs cnb-logo Custodian A Custodian B Custodian C
Set Up Fee $25 $25 $60 $50
Annual Fee $80 $150 $225 $100
REIT/BDC* Purchase Fee $10 $25 $75 $0
Annual REIT/BDC* Holding Fee $0 $24 .25% of value $75
LLC** Purchase Fee $50 $25 $75 $0
Annual LLC** Holding Fee $50 $36 .25% of value $350
Annual paper statement (eStatements are available at no charge) $5 $5 $0 $30
Total Year One Fee*** $220 $290 $435 + .25% $605
Total Year Two Fee*** $135 $215 $225 + .25% $555

*Investment type is for illustrative purposes only. Community National Bank considers publicly traded stocks and bonds, REITs, business development companies, interval funds, mutual funds, annuities, and brokerage accounts standard investments. These investment types will not incur any holding fees and will be charged reduced transaction fees.

**Investment type is for illustrative purposes only. Community National Bank considers private stocks, bonds & notes, limited partnerships, limited liability companies, and private placements non-standard investments. These investment types will be charged holding and transaction fees at the “non-standard investment” rate.

***Fees are subject to change. Other transaction fees and additional service fees may be incurred based on activity. Please see our fee schedule for details.

Community National Bank does not recommend, sponsor, or endorse any investment products.

View the CNB Fee Schedule (PDF)