Account Features

Saturna Brokerage Services offers a variety of account features to help you manage your investments:

Account Services

Hold securities 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.

Detailed statements. You will receive statements quarterly for your Saturna Brokerage account from Pershing, LLC, and monthly for each month that your brokerage account has activity.

Statements include:

  • cost-basis by tax-lot
  • transactions for the period
  • dividends received
  • account value at-a-glance

Tax documentation. For an overview of what to expect, please visit ourTax Documentation page.

Dividend management. Choose to have your cash dividends swept to your money market account, delivered electronically to your bank via EFT, or paid by check periodically.¹ You can indicate your preferred method on your application, or call a representative for assistance. You may elect dividend reinvestment at the time of purchase using our online trading portal for mutual funds only. Dividends paid by stocks or ETFs held in your account will not automatically reinvest. For stock or ETF reinvestment, please contact a representative, or send a signed, written request indicating your dividend reinvestment preference.² Please be aware that not all stocks or ETFs are eligible for dividend reinvestment.

Corporate actions. Our clearing agent handles the administration of all corporate actions, including stock splits, mergers, or tender offers. You may either complete the paperwork mailed to you regarding any specific corporate action relating to a security you own or you may contact a representative for assistance.

Account protection. Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, is a member of the Securities Investor Protection Corporation (SIPC), which protects securities in your account up to $500,000 (including $250,000 for cash claims). An explanatory brochure is available upon request or at www.sipc.org. Pershing provides additional coverage in excess of SIPC protection through Lloyd's of London, which works together with other insurers to provide the excess of SIPC coverage. Neither the SIPC nor excess of SIPC coverage protects against loss due to market fluctuation of investments.

Broker assisted trading

We offer personalized assistance with brokerage transactions and answers to questions about investing by speaking directly with a trained brokerage representative. Our representatives are salaried, meaning they do not work on commission. They are pleased to answer your trading questions in terms you can understand, and help you achieve the best execution of your trade.

Trained Saturna Brokerage representatives are standing by to:

  • Provide detailed explanations of order types
  • Supply real-time quotes
  • Execute trades
  • Provide corporate action information including mergers and acquisitions, stock splits, and dividends
  • Answer your account related questions

Online Services

We offer online brokerage services, including mobile access, to customers who feel comfortable doing business without the assistance of a broker and want 24-hour access to information and investing.

Please note, your brokerage login is separate from your Saturna mutual fund online access and will require a different username and password.

To establish online access, please complete a NetExchange Select Application or contact a representative. NetExchange is the name of Pershing's online trading platform.

Commissions for stock trades entered online are reduced to $14.95 per trade.

Once you are registered for access you can:

  • Access all of your Saturna Brokerage accounts using one login and password.
  • View current positions, account balances, and transaction histories.
  • Buy or sell stocks, ETFs, ETNs, and non-Saturna mutual funds.³
  • Place option and margin orders (with prior approval).
  • Change or cancel orders.
  • Create watchlists of securities.
  • Obtain extensive market information and quotes (extra fees may apply).
  • Access account statements, trade confirmations, and tax documents.4
  • View cost basis information.

¹ Non-retirement or non-tax-qualified accounts only. For retirement and tax-qualified accounts, dividends are automatically swept to the account's cash management option.

² Dividend reinvestment for stocks or ETFs incur a fee of $1 per instance. Minimum dividend amount of $4, otherwise dividends will be swept to the account's cash option.

³ Purchasing securities in a foreign market may incur additional fees.

4 Tax documents only provided for taxable accounts.

Reliability and predictability of online trading may be reduced by many factors beyond our control. If you do experience problems with your internet connection, you may always telephone Saturna Brokerage directly where live representatives are ready to serve your needs from 6 a.m. to 6 p.m. Pacific time on US market trading days. 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 price, supply, and demand, an order you give at "market" may be 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 online 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 about online trading, visit the SEC's investor education website (http://www.sec.gov/investor.shtml) and the Investing Online Resource Center (www.investingonline.org).

Cash Management

Your account comes with several standard cash management options and a variety of optional services. When money enters your account, you can choose from three basic options:

New Contributions
or
Proceeds From Trades
[[{"fid":"454","view_mode":"default","type":"media","field_deltas":{"1":{}},"fields":{},"attributes":{"alt":"cash flow arrows graphic","title":"cash flow arrows graphic","height":"110","width":"100","class":"img-responsive media-element file-default","data-delta":"1"}}]] Dreyfus Money Market Fund
Cash (default option)
Dreyfus Insured Deposit Program

Moving money into and out of your account is simple and straightforward.

Money Movement Instructions and Deadlines¹

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Type Contributions Distributions³ Fee
EFT/ACH² 2:30 p.m. Eastern
11:30 a.m. Pacific

Initiate via phone or letter of instruction

2:30 p.m. Eastern
11:30 a.m. Pacific

Initiate via phone or letter of instruction

None
Wire Please contact a representative

Initiate through your bank

2:30 p.m. Eastern
11:30 a.m. Pacific

Initiate via signed wire transfer form

$25 Domestic 
$40 International
1st Party Check Imprinted checks payable to "Pershing, LLC" with your account number on the memo line Sent to address of record — available throughout the day if funds held in cash

Initiate via phone or letter of instruction

None
3rd Party Check Third party checks4 accepted only when payable to account holder OR for accounts which benefit minors (ESA, UTMA, UGMA) Initiate via signed letter of instruction None
Cash Not Accepted Not Available Not Applicable

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¹ All distributions are subject to MMF cut-off times.

² Electronic Funds Transfer (EFT) is available with a signed EFT/ACH form, allowing you the ability to move money easily and with no charges between your personal bank account and your brokerage account.

³ Additional forms may be required to make distributions for Trusteed accounts.

4 Checks over $1,000 must be drawn on accounts having the same ownership as the Registration on the Saturna account into which the money is deposited.

Wiring Money To Your Account

Please use the following instructions for wires to your brokerage account.

  • The bank account from which you plan to wire assets must be identically registered to your Saturna Brokerage nonretirement account.
  • Before sending money, notify Saturna Brokerage of the incoming wire by calling (360) 734-1266, or (800) 728-1266. Legal restrictions may apply.
  • Have your bank wire money through the Federal Reserve System to:

The Bank of New York 
New York, NY 
ABA # 021000018 
A/C Pershing LLC 
A/C # 890-051238-5
For Further Credit (FFC): Your Pershing Account Number & Your Name

Accounts are identically registered if they have the same:

  • Account owner name and address
  • Tax identification number
  • Account type (for example, retirement or nonretirement)
  • Ownership terms (for example, joint tenants in common, joint tenants with rights of survivorship, or joint tenants in entirety)

Corestone Account

Consolidate your investing, checking and Visa® debit card services into one convenient account with Pershing's Corestone Account® account management tools.

Corestone Check Writing — Not available for Saturna Trust administered accounts: IRA, HSA, ESA, 401(k), or UTMA.