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Morgan Keegan » Private Client Group » Services and Fees

Morgan Keegan Services and Fees

MORGAN KEEGAN BROKERAGE ACCOUNTS

At Morgan Keegan, there are several options available for individuals wishing to open an investment account.

  • Investors have the option of opening a basic brokerage account or a margin account. Both require execution of a Morgan Keegan Client Agreement and, where applicable, a margin agreement. Securities held in these types of accounts are protected by $500,000 in coverage from the Securities Investor Protection Corporation (SIPC), and an additional $124,500,000 in coverage provided by Morgan Keegan through Lloyd's of London.
  • The Morgan Keegan MOR Account is a cash management account that includes a margin brokerage account and optional checkwriting and VISA debit card features. Securities held in a MOR Account are protected by a total $125,000,000 in coverage, including $500,000 provided by SIPC.

MOR ACCOUNT

Our comprehensive asset management account offers:

  • Three money market funds
  • FDIC insured deposit option through Regions Bank
  • Checkwriting access to your assets
  • Platinum Visa CheckCard with free access to Regions Bank ATMs
  • Additional banking services through Regions Bank
  • Award point program
  • Optional E-bill Management online bill service

CHECK WRITING

  • Unlimited check writing with no check minimum, no monthly fees and no reorder fees on duplicate wallet-style checks.
  • Checks are drawn against the selected short term investment option.
  • MOR Account checks written in excess of available balance can automatically create a margin loan (margin accounts only).

The MOR Account’s margin loan feature allows you to tap into the appreciated value of your assets without incurring capital gains taxes.

  • Margin loan interest can be tax deductible.
  • Competitive interest rate on outstanding balances.
  • Automatically create a margin loan when MOR Account checks or MOR Platinum Visa CheckCard purchases exceed money market or cash balances.

WEALTH MANAGEMENT

Morgan Keegan is committed to a comprehensive approach of providing an array of financial services to our clients. Through our Wealth Management Consulting process, we coordinate investment planning, financial planning and estate planning services by addressing four primary areas:

  • Creating and Growing Wealth
  • Protecting and Preserving Wealth
  • Planning for the distribution of wealth during life in the most tax advantaged way
  • Planning for the distribution of wealth at death in the most tax advantaged way
  • Our Wealth Management Consulting approach can be split into two primary components - investment planning process and financial planning process. Once appropriate investments have been selected, the focus turns to addressing the financial planning side of the equation.
  • After the investment plan has been designed and implemented, we remain your long-term partner by providing ongoing monitoring of your investment portfolio and periodic assessments of the plan to assure that it continues to be appropriate moving forward.
  • This unique process allows us to provide an unparalleled level of service for our clients. The end result is a complete, customized plan that is designed to meet your long-term financial goals.

INDIVIDUAL RETIREMENT ACCOUNTS

All IRAs are not the same. Depending on the IRA provider you choose, your investment options may be limited.

  • With a Morgan Keegan self-directed IRA, you'll have the flexibility to decide where your retirement funds are invested. Your investment options include a wide variety of mutual funds, CDs, bonds and stocks, and your Morgan Keegan financial advisor is there to help determine which securities are best suited to meet your retirement goals. Also, Morgan Keegan offers expertise in all types of IRAs. From the Roth IRA to the educational IRA (Coverdell Education Savings Account), you can count on Morgan Keegan for sound advice.

MOR ACCOUNTS

Checking and Debit Card Annual Fee $80.00
NSF $20.00
Stop Payments $25.00
Check Copies Free
ATM (Regions Free) Varies on bank used
Check Re-orders
Duplicate wallet Free
Business 3-to-a page $35.00
Postage and shipping extra on check order Varies
Replace check binder $15.00
* Annual Fee is waived if account has a value of $250,000 or more in either a single account or household*

IRA ACCOUNTS

Annual Custodial Fee $40.00
Simple IRA Annual Custodial Fee $50.00
Transfer out $110.00
Termination Fee $95.00
Outside asset Fee $1,000.00
Coverdell ESA Annual Fee $40.00
Reporting Correction Fee $50.00
*Annual Fee is waived if account has a value of $250,000 or more in either a single account or household*

CASHIERING

Returned Checks $20.00
Dividend checks pulled from systematic process $25.00
Certificates
Securities deposited to DTCC and returned due to a stop or loss $25.00
Register and ship physical securities $150 per certificate
Re-registration of restricted stock with sale Varies
Re-registration of restricted stock with no sale Varies
Re-registration of limited partnership
Outgoing Fed Wire
USA $10.00
International Varies (up to $65.00)

ACCOUNT TERMINATIONS

$110.00

***All Fees are subject to change without prior notice***Additional Fees may be applicable***