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Miscellaneous Fees Disclosure
Last Updated: December 13, 2017

Overview

Our platform usage fee is free. We do not charge any commissions or mark-ups on trades either. There is a $100 minimum account size for taxable accounts and $500 minimum account size for retirement (IRA / Roth IRA) accounts.

Regulatory fees are government-mandated fees and are passed on to the consumer. These occur on sells and are equal to the following:
SEC (Securities Exchange Commission) Fee* = total price of transaction x 23.1 / 1,000,000
TAF (Trading Activity Fee) Fee* = shares sold x 0.0001119 with a maximum of $5.95

Miscellaneous Fees

As noted, under normal usage, there is no platform fee, and you can use M1 for free. However, to support flexible operations, we are offering the following services for a fee:



Account Maintenance - Paper Copies
Overnight Mail - Domestic (per request)
$50
Overnight Mail - International/Canada (per request)
$100
Paper Confirm Fee (Retail Paper Only) (per request)
$2
Paper Statement Fee (Retail Paper Only), (per statement)
$5
Paper Tax Statement Fee (Retail Paper Only), (per statement)
$5
Return Mail (per piece)
$2
Retirement Services
Maintenance
$0
Termination Fee (per event)
$100
Other
Escheatment Processing (per account)
$75
TOD Account Transfer Fee (per transfer)
$200
Automated Customer Account Transfer Service
Incoming
$0
Outgoing
$100
Bank
Wire Transfer (Domestic)
$25
Wire Transfer (Foreign)
$45
Returned Checks/ACH/Wires and Recalls
$30
Amendment Repairs
$30
ACH Transfer (incoming or outgoing)
$0
ACH Notice of Change/Correction
$5

Check the background of M1 Finance LLC on FINRA's BrokerCheck

Member of SIPC. Securities in your account protected up to $500,000. SIPC insurance does not protect against loss in the market value of securities. For additional information visit www.sipc.org. Securities and services are provided to clients of M1 by M1 Finance LLC, member FINRA/SIPC. Investments are not FDIC insured and may lose value. Investing in securities involves risk and there is always the potential of losing money when you invest in securities. Please consider your objectives and M1 fees before investing. Past performance is not a guarantee of future results. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdiction where M1 Finance LLC is not registered.

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