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We charge an annual account maintenance fee to investors whose total investments are less than $10,000. Below is a description of our fee policy as well as information about waiving the fee.
*For American Century Brokerage, only assets from American Century Investments' funds are considered in your total investment balance.
To waive the account maintenance fee, you can increase and maintain a total investment balance of $10,000 or more.
The following questions and answers will give you specific details about our fee policy. If you have more questions, please Contact us.
American Century Investments® charges an annual fee to offset some of the additional costs associated with managing smaller balanced accounts. The fee collection enables us to continue offering investors a full range of products and services. We are committed to helping investors achieve their financial goals. We believe we can do so by continuing to offer sound investment management combined with services designed to help you build on your investment and preserve it for the future.
You may be subject to the account maintenance fee if:
At this time, you will not be charged the fee if you invest only in the following account types:
Investors in the Priority Investor® program, non-resident alien and foreign investors without a U.S. Tax Identification number are not subject to the fee at this time. In addition, investors who signed up for exclusive online account management will have the fee waived for them for as long as this option is active.
If your total investments reach $10,000 or more after the fee has been taken, the $25.00 will not be refunded. The fee is assessed based on asset levels as of the last Friday in October. Please be aware that market fluctuations could cause your total eligible investment balance to go above or below $10,000. If your total eligible investment balance is below $10,000 on the day the fee is assessed, you will be charged the fee.
If the fee is deducted from an IRA or other tax-sheltered accounts, there will be no tax impact. However, if the fee is deducted from a taxable accounts, there will be tax implications. Generally, we'll deduct the fee from an IRA if available. If not, we'll look for a money market or bond fund, and finally an equity fund if you have no other types of funds.