Account Services

Nonretirement accounts and brokerage IRAs. You can designate Saturna Brokerage as the agent to carry out your investment instructions with either type of account. All IRAs are individually owned, and you have the full variety of IRA types to choose from. Pension and profit-sharing plans are also available.

With non-retirement accounts, you have a variety of ownership options, including joint, individual, UGMA/UTMA, trust, estate, and corporate.

Also available, Galaxy Statements:

Example Galaxy Statement

Through our proprietary GALAXY system, we can also prepare a complete monthly statement for you, covering all securities you purchase through Saturna, and any others for which you furnish the information. To get started, sign and return a completed Trade Statement, available on request. GALAXY statements are on "trade date" basis, not settlement as with brokerage statements, for timely computation of account value. The GALAXY system is a true tax-lot accounting service, listing each security you own by purchase date and price. When you sell, we follow your instructions on identifying which position is to be sold.

Account services for securities held in “Street Name”. “Street Name” describes securities held in a clearing agent’s name rather than the customer’s name. When your securities are held in street name, it’s easy to transfer them at the time of a sale, and you don’t have to worry about the loss of security certificates or their costly replacement. In addition, you’ll receive the following account services from Saturna Brokerage:

Comprehensive statements. Shortly after the end of each calendar quarter, you will receive a comprehensive Portfolio Summary and Account Statement that includes all your identically registered Saturna Brokerage and Saturna fund accounts. Between quarters, you’ll receive statements for your Saturna Brokerage account for each month that your brokerage account has activity.

Tax documentation. For an overview of tax forms and summaries, click the link to the left.

Account protection. Securities in accounts carried by National Financial Services LLC (NFS), a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation (SIPC) up to $500,000 (including cash claims limited to $100,000). For details, please see www.sipc.org. NFS has arranged for additional protection for cash and covered securities to supplement its SIPC coverage. This additional protection covers total account net equity in excess of the $500,000 / $100,000 coverage provided by SIPC. Neither coverage protects against a decline in the market value of securities.

Dividend management. Choose to have your dividends automatically reinvested, swept to your money market account, delivered electronically to your bank via ACH, or paid by check at month-end.

Corporate reorganization. Our clearing agent handles the administration of stock splits, mergers, or tender offers.

Investor education. Active brokerage accounts receive the irregular newsletter, The Navigator, which provides investment education and Saturna investment service updates.

Internet Services. We offer Internet Brokerage services to customers who feel comfortable doing business with the assistance of a broker and want 24-hour access to information and investing.

Commissions on Internet-entered stock trades are reduced to 2.5¢ per share plus the price of one share.

Once you are registered for access you can:

Reliability and predictability of Internet trading may be reduced by many factors beyond our immediate control. If you do experience problems with your Internet connection, you may always telephone Saturna Brokerage directly where live brokers are ready to service your needs from 6 AM to 5 PM Pacific Time on market trading days. We also offer technical support that might be able to assist with connection problems. The time your order is received may not reflect the time you place an order, as you must allow time for each order to pass certain validation checks before we can take responsibility for the order and route it for execution. In fast-trading stocks subject to rapid swings in supply and demand, an order you give at "market" may get executed at a price substantially above or below its recent quote. If you decide to place an order in a fast market, entering a limit order (instead of a market order) allows you to establish a buy price at the maximum you are willing to pay, or a sell price at the minimum you are willing to receive. While the ease of Internet trading might encourage more frequent trading, we discourage "day-trading" and caution that excessive trading rarely proves as successful as long-term investing.

For useful tips on Internet trading, visit the SEC's investor education website (www.sec.gov/oiea1.htm) and the Investing Online Resource Center (www.investingonline.org).

 

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