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Definition of the Week: Maintenance Fee
Investment Knowledge from stockbrokers.com
Maintenance Fee
What is a maintenance fee?
A maintenance fee is charged by a brokerage to maintain an account. The fee is meant to serve as a fixed amount that covers the operating expenses of a brokerage account. This type of fee is almost always charged on an annual basis.
stockbrokers.com Explains Maintenance Fees
The maintenance fee is often overlooked by the average investor, but this type of fee can be quite steep. A maintenance fee is dealt with in a unique way by every brokerage, which is why you must understand the fine print before opening your account. Many maintenance fees are a fixed annual amount, but they can also increase if your account doesn’t meet certain criteria.
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