Taxable Personal Investment Accounts do not have a closing fee associated with them.
All IRA accounts (Traditional, Rollover, Roth, and SEP) have a $10 closing fee. This fee is charged directly from the WiseBanyan account upon closure.
Please note that if you want to transfer your current WiseBanyan securities directly over to another brokerage firm, our broker-dealer Apex Clearing charges a $75 transfer fee:
- $75 transfer fee will be charged upon transfer for taxable Personal Investment Accounts.
- $75 transfer fee, plus the $10 closing fee, will be charged upon transfer for an IRA. These are fees charged by Apex Clearing and WiseBanyan does not receive money from these fees.
For more information about the account transfer fee or IRA closing fee, please review our standard commission and transfer fee schedule.