Common use of Direct Fees and Charges Clause in Contracts

Direct Fees and Charges. LPL applies miscellaneous fees and charges that are set out in the Miscellaneous Fee Schedule that is provided to you when the account is opened. These fees include transaction charges, confirmation processing fees, and retirement account fees. The amount of a transaction charge varies depending on the type of security being purchased or sold, and are subject to change. Transaction charges appear on the trade confirmation provided to the client for each transaction. Qualified retirement plan and 403(b)(7) plan accounts are charged an annual maintenance fee of $50 per year per account for the tax reporting, administration and processing services provided to the Plan account by LPL. There is also a $50 fee for loans processed for qualified retirement plan and 403(b)(7) plan accounts. If the Plan terminates its account at LPL, there will be a termination fee that applies of $125, as outlined in the Miscellaneous Fee Schedule. These fees are direct fees charged to the Plan’s account. The current Miscellaneous Fee Schedule can be found at xxx.xxx.xxx. If you do not have access to the website, please contact your Advisor or LPL Client Services at (000) 000-0000. A copy of the Miscellaneous Fee Schedule will be provided to you upon your written request.

Direct Fees and Charges. LPL applies miscellaneous fees and charges that are set out in the Miscellaneous Account and Services Fee Schedule for Brokerage that is provided to you sent when the account is opened, as amended from time to time upon notice to you. These fees include but are not limited to transaction chargesprocessing fees, confirmation processing fees, and retirement account fees. The amount of LPL also charges a transaction charge varies depending on the type of security being purchased or soldfee for no load mutual fund purchases and redemptions, no load mutual fund exchanges, and are subject to change. Transaction charges appear on the trade confirmation provided to the client for each transactionload mutual fund redemptions. Qualified retirement plan and 403(b)(7) plan accounts are charged an annual maintenance fee of $50 per year per account for the tax reporting, administration and processing services provided to the Plan account by LPL. There is also a $50 fee for loans processed for qualified retirement plan and 403(b)(7) plan accounts. If the Plan terminates its account at LPL, there will be a termination fee that applies of $125, as outlined in the Miscellaneous Fee Schedule. These fees are direct fees charged to the Plan’s account. The current Miscellaneous Fee Schedule currently effective fee schedule can also be found on the Fee Schedules webpage at xxx.xxx.xxx. If you do not have access to the website, please contact your Advisor Representative or LPL Client Services at (000) 000-0000. A copy of the Miscellaneous Fee Schedule fee schedule will be provided to you upon your written request.