
Anonymous
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Deductions & credits
brokerages that charge fees do so in several ways. some give you a choice as to how fees are charged. one way is to charge a fee on each trade. such fee is included in the purchase price of the security. another way is to periodically charge (my firm - once a quarter) charge x% per year based on the value of the holdings. with my firm the value of all accounts (including my individual account) is totaled the % is applied then divided by 4. ask your broker, but I'm pretty sure the same fee would apply regardless of whether it was an individual account or trust/estate account. this is one wat they generate revenue for providing investment advice.
‎February 16, 2020
10:38 AM