Carry Investment Advisors LLC

DriveWealth Custodian Fees

These fees are charged by DriveWealth LLC for accounts that they custody. All fees below are the responsibility of the end user.

Misc. End User Fees

Fee TypeAmount
Returned Checks Deposit$20.00 per check
Check Stop Payments/Reissue$20.00 per check
Tax Document Request (Fax and Regular Mail)$5.00 per request
1099 Request for Exempt Accounts$5.00 per request
Broker Assisted Trades (Phone Order)$10.00 per transaction
Physical Copy of Trade Confirmations$5.00 per confirmation
Physical Copy of Monthly Account Statements$5.00 per statement
ACH Deposit Returns$20.00 per transaction
Wire Deposit Returns$35.00 per transaction (This fee will reduce the wire amount returned to the client

Regulatory Pass-Through Fees

Fee TypeAmount
SEC Fee (sell side only)
Regulatory fee charged by the SEC designed to cover costs of supervising and regulating firms.
$22.90 per $1 million
TAF Fee (sell side only)
Regulatory fee charged by FINRA designed to cover costs of supervising and regulating firms.
$0.000130 per share (maximum of $6.49)
Charged by the depository bank for inventory of the non-U.S. shares and performing registration, compliance, and recordkeeping services.
Varies by ADR. (Please refer to the specific ADR prospectus for additional detail.)
Note: Additional pass-through fees may be applicable. pass-through Fees will automatically adjust in accordance with any modifications made thereto by the respective Regulatory Authority. All pass-through fees are rounded up to the nearest penny and charged on a per Transaction basis.

Withdrawal / Administrative Request Fees

Fee TypeAmount
ACH Transfer (outgoing)$0.25
E-check (USD)$3.00
Outgoing U.S. Wire Transfer$25.00
Outgoing Non-U.S. Wire Transfer$35.00

Transfer Fees

Fee TypeAmount
ACAT Incoming
Automated Customer Account Transfer. The transfer of securities from one account to another at a separate
bank or brokerage. This may be done for any security or derivative: stocks, bonds, options, and futures may
all be transferred via ACAT.
ACAT Outgoing and Transfers*
(*Internal Stock and Cash Transfers ”Partner to Partner”)
$65.00 per account
DTC Deliveries/ Receives
A depository transfer check (DTC) is used by a designated collection bank to deposit the daily receipts of a
corporation from multiple locations. Depository transfer checks are a way to ensure better cash management
for companies, which collect cash at multiple locations.
$35.00 per position
DWAC Transfer
Deposit/withdrawal at custodian (DWAC) is a method of electronically transferring new shares or paper
share certificates to and from the Depository Trust Company (DTC) using a Fast Automated Securities
Transfer (FAST) service transfer agent as the distribution point.
$130.00 per position
DRS Transfer
Incoming and Outgoing

Direct Registration System. A system, sometimes referred to as DRS, that allows electronic direct
registration of securities in an investor’s name on the books for the transfer agent or issuer, and allows shares
to be transferred between a transfer agent and broker electronically.
$55.00 per position

Under certain circumstances, additional costs and expenses for clearing services may be incurred by DriveWealth which are not included above. DriveWealth will use its best efforts to advise of these additional costs and expenses as soon as possible after becoming aware of them. All Fees, charges, and pass-through expenses are subject to change.