September 2023
Pricing
Beanstox provides access to investing via the App for different investment products for a cost-effective monthly subscription fee, as described below:
- Wealth Builder: $5.00/month (includes Stocks 500 and Power Savings)
- Stocks 500 (coming soon): FREE
- Power Savings (coming soon): FREE
Beanstox plans to keep fees at current levels for each investment program. Should Beanstox decide to increase or modify fees at any time and on any service at its sole discretion, including as a result of offering additional services for a program, Clients will be advised in advance of all fee modifications.
The first monthly fee payment covers additional on-boarding expenses incurred by Beanstox for new and existing clients and is not refundable.
Beanstox may apply reduced fees, including in connection with promotional programs, in its sole discretion.
Clients will not be charged additional fees by Beanstox for costs associated with portfolio advisory services, custody, account maintenance and trade execution (except for those fees related to foreign exchange or third-party asset fees). Clients who request non transactional special or additional services may be charged for such services, including, without limitation, a $0.25 processing charge to withdraw funds from their Account, which will be subtracted from the total withdrawal amount. Clients may be charged additional fees for reimbursement of non advisory expenses such as insufficient funds charges.
A detailed description of fees can be found on the App and in the Investment Advisory Agreement.
ETF Fees and Expenses
All fees paid to Beanstox for investment advisory services are separate and distinct from, and in addition to, the fees and expenses charged by ETFs to their shareholders. These fees and expenses are described in the prospectus of each ETF. These fees are generally composed of a management fee and other fund expenses. Beanstox does not earn or receive a portion of such fees.
Referral Fees and Other Compensation
Beanstox expects from time to time to establish referral programs that provide compensation to clients, marketers and other partners in return for identifying, recommending or referring clients to Beanstox. Clients will not be charged any costs or fees for being referred by another client, marketer or partner of Beanstox. If you open an Account through Beanstox’s Refer a Friend program, the client who referred you may receive compensation from Beanstox in the form of reduced or waived Beanstox fees for a limited period of time as determined by Beanstox, or other incentive. You may be invited to participate in the Refer A Friend program by means including, but not limited to, an existing Beanstox client providing you a link or as a result of an email Beanstox sends you on behalf of an existing Beanstox client. If you are in doubt as to whether you were directed to Beanstox via the Refer A Friend program and believe it material to your decision to open a Beanstox account, please contact [email protected] before signing up for an account. Beanstox reserves the right to restrict, revoke, or amend this program at any time without notice to the client. Compensation to marketers or other partners identifying, recommending or referring clients to Beanstox are negotiated directly with such marketers or other partners.
