My accounts

Review this section for information about your Osaic FS accounts and learn how to access the programs and services we offer.

ACCOUNTS OVERVIEW
  • Account aggregation provided through Osaic FS, assembles your non-Osaic FS accounts to form a comprehensive picture of all the accounts you’ve selected for inclusion.
  • When you open a brokerage account at Osaic FS, you benefit from several programs offered through our Brokerage Services.
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Access
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Account security
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Disclosures
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Features

Access

Osaic FS offers brokerage account services through National Financial Services, LLC® (NFS), a well-known, highly respected clearing firm.

Wealthscape Investor (NFS)

Your account with Osaic FS offers secure, password-protected access to your financial information via the internet and mobile devices. This flexible and convenient service, along with the advice of your Osaic FS financial professional, can help you make more informed investment decisions.

View the information you need – when you need it – by logging into Wealthscape Investor and save the more complex aspects of your portfolio for discussion with your financial professional.

Take advantage of the WealthScape Investor account features
Research information is provided by independent sources considered reliable but not guaranteed by Osaic FS.

View our Wealthscape Investor Brochure.

System requirements

To ensure full functionality, Wealthscape Investor users are encouraged to use only supported browsers, operating systems and native applications to access the Wealthscape Investor and Wealthscape Investor mobile platforms.

Follow these simple steps to review the most up-to-date list:

Register and update access

If you are listed as an Owner/Holder on your account, you are eligible to enroll using self-registration:

  1. Visit the Wealthscape Investor Login page
  2. Click the Register as a new user link
  3. Type in your first and last name, date of birth and last four digits of your Social Security number
  4. Enter your valid 9-digit brokerage account number, if prompted, which can be located on a recent statement
  5. Select a phone number and method for receiving a one-time PIN (OTP)
  6. Enter the PIN, when prompted, to complete the Extra Security Step
  7. You will be prompted to setup a Username (optional) and Password
  8. Upon successful registration, a confirmation page will display your Username/Investor ID
If you create a username, it must be used to log in to Wealthscape Investor. If you do not create one, your investor ID should be used. You should record your new ID before navigating away from the confirmation page as IDs will not be automatically emailed to you after registration.

Upon successful self-registration, your existing NFS brokerage accounts will automatically be linked to your User ID. As new NFS brokerage accounts are opened, they will be systematically linked to your existing User ID.

If your account is linked to a TIN or institutional name (for example: Corporation, LLC, Unincorporated Association, or Unincorporated Church/Religious Order), please begin the registration process.

Update access

New accounts may not systematically link to or unlink from your ID if you’re a current Wealthscape Investor user, and:

  • Your ID was created before October 7, 2013
  • Your access was not initiated through the self-enrollment process (for accounts linked to a TIN or Institutional name)

Update your existing access to include accounts not systematically linked to your ID.

Passwords

IDs and passwords uniquely identify each Wealthscape Investor user and ensure secure access to your brokerage accounts. Osaic FS is committed to the security of your account information. Your password:

  • Can be changed at anytime
  • Must be six to 20 characters
  • Cannot be the same as a previous password
  • Can be reset by selecting Forgot Password on the Wealthscape Investor login page

To create a strong password, it is recommended to include the following:

  • At least one special character
  • No recognizable sequences (e.g., 123456 or 111111)
  • No personally identifiable information (e.g., Social Security number, telephone number, or date of birth)

As an additional measure to help safeguard your confidential information, your password will need to be reset at a minimum of every 365 days. You will receive a reminder when it is time to change your password beginning five days prior to expiration.

If your password expires before you can change it, or you’ve made three failed attempts to access with the wrong password, you will be locked out. Please call 800-237-3813, press 1 then option 2, to reset an expired/locked password or to retrieve a forgotten Username.

eDelivery

With the added benefits of eDelivery, you’ll receive an email as soon as your documents are available online. View statements, trade confirmations, prospectuses, shareholder reports, letters, tax forms and other eligible correspondence.

With eDelivery you can:

  • Save time with instant, 24/7 online access
  • Simplify your recordkeeping with electronic storage
  • Access to a rolling 10 years of statements, seven years of trade confirmations, and a minimum of three years of eligible correspondence
  • Reduce the amount of paper you receive by mail
  • Protect your identity with less personal information on paper
Enroll in eDelivery with these easy steps:
  • Log-in to your online brokerage account. To view your online account documents, you must first enroll for access to Wealthscape Investor. If you are not a current user, please register.
  • Select Document Delivery Instructions from the Service Menu
  • Click an account and select the documents you’d like to receive via eDelivery
  • Click the Save This Account button and the I Agree button to access

Once enrolled in eDelivery, online delivery will begin within 24 hours. You may also receive paper documents already printed, depending on the timing of your enrollment. Any changes made to your eDelivery preferences may take a full statement cycle to be implemented.

Important notes regarding eDelivery:

  • eDelivery is available for brokerage and advisory (Custom Wealth Advantage) accounts on the NFS Platform
  • For joint accounts, only one owner’s email address will receive eDelivery alerts
  • Undeliverable emails
    • Attempts to deliver the email continue every 90 minutes
    • After five attempts, an undeliverable email letter is sent to the account holder the same day to notify the account holder that a document is ready for online viewing. It also requests the account holder to review and update the electronic delivery email address if needed
    • After five undeliverable email letters for confirmations and/or three for statements, the eDelivery service is revoked and the account automatically reverts to paper delivery

Optional Services

Import tax data to a tax software service

You can import eligible tax forms from Wealthscape Investor into TurboTax, H&R Block and TaxAct.

  • Forms Eligible for Import –1099-B, 1099-DIV, 1099-INT, 1099-MISC, 1099-OID and 1099-R
  • Tax Form Availability – Availability of tax forms on Wealthscape Investor is subject to their production schedule each year. Forms in later populations will not be available for import until they are produced
  • Accessible Tax Data – Each tax service software will only pull tax data for accounts that are linked to the Wealthscape Investor ID used during the import process
  • Up to a $20 discount on TurboTax

You should use the Tax Statement Guides, or the tax software service, for information regarding importing NFS tax information. Should you face any technical issues, you should contact the tax software service directly. This ensures you have the most up-to-date information regarding the process or technical issues directly from the service provider.

Download account information to Quicken

Downloading your account information directly into Quicken is an easy way to integrate your account information. You’ll be able to monitor your cash flow and track expenses by category such as meals, clothing and travel. If you would like to download your brokerage account information into Quicken, please contact the third-party vendor directly for support: Quicken Support.

Online bill pay

Online Bill Pay can help you save time by streamlining the hassles associated with bill payment and management. With Complete Bill Management and Small Business Edition, you can:

  • Receive, review, pay and organize bills in one place
  • View up to 12 months of bill payment history
  • Schedule automatic and/or recurring payments and payment rules
  • Set up email alerts letting you know when a bill arrives, is coming due, and has been paid
  • Run reports by payee, date, funding account and payment status

Ask your Osaic FS financial professional for additional information on the availability of Online Bill Pay.

Online Bill Pay is not appropriate for use with retirement or managed accounts. System response times may vary due to a variety of factors, including trading volumes, market conditions and system performance, and instructions are transacted according to your agreement for using this website.

Wealthscape Investor Mobile

Download the Wealthscape Investor mobile app

Stay connected to your brokerage account when you’re on-the-go. You can view positions, balances and transaction history from your Android, iPhone® or iPad® anywhere, anytime.

  • Visit the App Store to download the free app for your iPhone® and iPad®
  • Visit Google Play to download the free app for your Android phone
Mobile Check Deposit

The Wealthscape Investor mobile app includes a mobile check deposit feature. Just snap a photo of the check with your iPhone, iPad, or Android device to make on-the-go deposits directly to your brokerage account.

  • It’s 24/7 access
  • It’s safe and secure
  • It’s easy

Follow these simple steps to deposit your check into your online brokerage account:

  • Log-in to the Wealthscape Investor mobile app with your WealthscapeInvestor.com login credentials
  • Locate the Deposit Check feature
    • For iPad users, the Deposit Check feature is in the upper-right corner
    • For iPhone and Android users, look for the More option, select Money Movement and then Deposit Check (Android users can find the More option by using the Android menu button)
  • Take a picture of the front and back of the check
  • Enter the dollar amount of the check
  • Select the account for deposit; if depositing into more than one account, enter the allocation amount for each account
  • Verify your deposit information, and then click Submit

Account security

Compliance bulletin: Keeping your account secure

Brokerage services

Osaic FS brokerage accounts offer features and services designed to meet your needs. Your Osaic FS financial professional can help you determine the services that are right for you.

Please view the features to learn about each service in detail. 

National Financial Services, LLC® (NFS)

As part of our effort to provide you with quality service, Osaic FS has a relationship with National Financial Services, LLC®, Member New York Stock Exchange (NYSE) and member of the Securities Investors Protection Corporation (SIPC), a Fidelity® Investments company, to provide trade execution, custody and other related services for your brokerage account.

As custodian of the brokerage account, NFS, at the direction of Osaic FS, is responsible for:

  • The execution, clearance and settlement of securities transactions.
  • Preparing and sending periodic account statements and transaction confirmations.
  • The custody (or safekeeping), receipt, and delivery of funds and securities

Costs

Osaic FS offers brokerage account services through National Financial Services LLC® (NFS), a Fidelity® Investments company and clearing firm that is well-known and highly respected across the financial services industry.

Osaic FS fee and commission schedule

You are encouraged to review the Osaic FS Fee and Commission Schedule for detailed information on the trading, execution, and other service fees and charges applicable to your Osaic FS brokerage and investment advisory accounts that are held with NFS and for which Osaic FS serves as the broker-dealer of record. Should you have any questions regarding the Osaic FS Fee and Commission Schedule or the fees that are applicable to your accounts with Osaic FS, please contact your Osaic FS financial professional.

For additional information on the broker-dealer and investment advisory services Osaic FS offers and related fees and expenses, please see Osaic FS's Form CRS, Regulation Best Interest Disclosure Document, and Form ADV, Part 2A disclosure brochures, as applicable, which are available here.

NFS base lending rate

NFS sets a base lending rate according to commercial lending rates, industry conditions regarding the extension of margin credit and general credit conditions. As of June 1, 2024, the NFS Base Lending Rate (the NFBLR) was 10.00 percent. The NFBLR is set at the discretion of NFS and can change without notice.

Margin trading costs

If you have been approved for a margin borrowing account, you will pay interest on any outstanding margin debit balance in your account. The margin borrowing interest rate is the sum of the NFBLR and a surcharge based on the size of your margin debit balance. Speak with your Osaic FS financial professional before deciding whether margin investing is right for you.

Margin trading entails considerable risk and is not suitable for all investors. If the market value of securities in your margin account declines, you may be required to deposit more money or securities to maintain your line of credit. If you are unable to do so, your assets that are pledged as collateral may be sold. Investment losses will not minimize your obligation to repay your margin loan in full.

How Osaic FS addresses debit balances in client accounts

Depending on the type of account you have with Osaic FS and your account’s holdings, Osaic FS may charge you trading, execution, and other service fees and charges as described in the Osaic FS Fee and Commission Schedule linked above when Osaic FS serves as the broker-dealer of record for your account. These fees include, but are not limited to, inactive account fees, annual account maintenance fees, and annual custody and valuation fees for certain asset types, as applicable. If there is not enough cash in your account to pay for these fees as and when they are charged to your account, your account will go into a debit position. To resolve a debit in your account, you may work with your Osaic FS financial professional to deposit additional cash into your account or sell securities held in your account to generate cash. If you do not take prompt action to resolve any debit in your account, Osaic FS will take action to raise cash in your account to satisfy the total amount of your outstanding debit (and any fees and expenses associated with the resolution of your outstanding debit). An outline of the process that Osaic FS uses to resolve outstanding debits in client accounts can be found here.

Disclosures

Form CRS – Customer Relationship Summary

Succinct information about the relationships and services we offer to retail investors, fees and costs retail investors will pay, specified conflicts of interest and standards of conduct, our and our financial professionals’ disciplinary history, and other important matters can be found in our Form CRS – Customer Relationship Summary.

Regulation Best Interest Disclosure Document

Detailed information about the scope and terms of our relationships with broker-dealer retail customers, conflicts of interest we have in connection with our broker-dealer services, and other important matters can be found in our Regulation Best Interest (Reg BI) Disclosure Document.

Cash Sweep Program Disclosures for Osaic FS Accounts Held with NFS

In its capacity as broker-dealer of record for accounts held with National Financial Services LLC (“NFS”), Osaic FS offers a “cash sweep” program that allows clients to have their cash balances awaiting investment (e.g., from cash deposits, securities transactions, dividend and interest payments, and other activities) automatically deposited, or “swept,” into a core account investment vehicle, or “cash sweep,” that Osaic FS makes available for their account type. Osaic FS's cash sweep program provides clients with access to Osaic FS's Insured Bank Deposit Account (the “IBDA”), Osaic FS's Insured Bank Retirement Advisory Account (the “IBRAA”), or a money market mutual fund as described below.

Bank sweep programs

Currently, Osaic FS's Insured Bank Deposit Account, or “IBDA” (Symbol: QBLFQ), is the default and only cash sweep that is available for use by IBDA-eligible accounts held with NFS and Osaic FS's Insured Bank Retirement Advisory Account, or “IBRAA” (Symbol: QRLFQ), is the default and only cash sweep that is available for use by IBRAA-eligible accounts held with NFS.

Clients participating in the IBDA or the IBRAA (together, the “Programs”) will have their cash balances awaiting investment automatically swept into interest-bearing Federal Deposit Insurance Corporation (“FDIC”) insurance eligible accounts at one or more FDIC-insured program banks (“Program Banks”). Through the Programs, participating clients are eligible for up to a maximum of $2.5 million in FDIC insurance coverage for individual accounts or up to $5.0 million in FDIC insurance coverage for joint accounts, subject to clients’ total amounts on deposit with the Program Banks, applicable FDIC rules, Program Bank availability, and other factors described in Osaic FS's Bank Sweep Program Disclosure Document.

Clients are urged to review the important information at the following hyperlinks before consenting to the use of the IBDA or the IBRAA as the cash sweep for their accounts:

  • Bank Sweep Program Disclosure Document — Provides detailed information regarding the IBDA and the IBRAA, including how and when participating clients’ cash will be swept to the Program Banks, clients’ options if they do not consent to the use of the IBDA or the IBRAA as their cash sweep, FDIC insurance coverage and applicable limitations, the compensation that Osaic FS receives from the Program Banks as a result of clients’ use of the Programs, Osaic FS's conflicts of interest in connection with the Programs, and other important matters.
  • Interest Rate Schedule — Provides the interest rates and annual percentage yields that participating clients will receive on their cash balances deposited in the IBDA and the IBRAA.
  • IBDA Program Bank List and IBRAA Program Bank List — Provide lists of the Program Banks into which participating clients’ cash balances will be automatically swept through the IBDA and the IBRAA, respectively, and the sequence in which the Program Banks will receive clients’ cash balances, based on the states reflected in clients’ account mailing addresses. For additional information regarding the application of the Program Bank lists, the function of “Excess Deposit Banks” included on the Program Bank lists, how to obtain publicly available financial information regarding the Program Banks, how to “opt out” of one or more Program Banks, and other important matters, please review Osaic FS's Bank Sweep Program Disclosure Document.
  • Account Eligibility Information — Provides a description of the account types that are eligible to participate in the IBDA and the IBRAA, as well as those that are not.
  • Compensation and Conflict of Interest Disclosure — Provides important information regarding the compensation that Osaic FS receives from the Program Banks as a result of clients’ use of the IBDA and the IBRAA as their cash sweeps and Osaic FS's related conflicts of interest. For additional information regarding these matters, clients should review Osaic FS's Bank Sweep Program Disclosure Document, as well as Osaic FS's Form CRS, Regulation Best Interest (“Reg BI”) Disclosure Document (for commission-based brokerage clients), and applicable Forms ADV Part 2A (for fee-based investment advisory clients), all of which are hyperlinked on this webpage.
  • Frequently Asked Questions — Provides answers to clients’ frequently asked questions regarding the IBDA and the IBRAA.
  • Money Market Mutual Fund Overflow Information – Provides the current prospectus and other important information regarding The Fidelity® Government Money Market Fund Class S (“FZSXX”), which is the money market overflow for clients participating in the IBDA and the IBRAA. When clients’ funds cannot be placed at a Program Bank (e.g., if the IBDA or the IBRAA does not have sufficient deposit capacity to accept new or maintain existing deposits), any cash balances that cannot be placed or maintained with a Program Bank will be swept into FZSXX. For detailed information regarding the money market overflow feature of the IBDA and the IBRAA, clients should review Osaic FS's Bank Sweep Program Disclosure Document. Additionally, clients are encouraged to review the prospectus for FZSXX for detailed information regarding the fund’s expenses and other important matters before consenting to the use of the IBDA or the IBRAA as the cash sweep for their accounts.

If you have any questions regarding the IBDA or the IBRAA, please contact your Osaic FS financial professional before consenting to the use of the IBDA or the IBRAA as the cash sweep for your accounts.

Money market mutual funds

Fidelity® Government Cash Reserves (“FDRXX”), a government money market fund, is currently the default and only cash sweep that is available for selection by accounts held with NFS that are not eligible to participate in the IBDA or the IBRAA (as described in Osaic FS’s Bank Sweep Program Disclosure Document and Account Eligibility Information. The current prospectus and other important information regarding FDRXX can be found here. Clients are encouraged to review the prospectus for FDRXX for detailed information regarding the fund’s expenses and other important matters before selecting or consenting to the use of FDRXX as the cash sweep for their accounts.

If your account with Osaic FS uses FDRXX or any other money market mutual fund as a cash sweep, please contact your Osaic FS financial professional with any questions you may have regarding the fund or to request a current prospectus for the fund. Additionally, commission-based brokerage clients should review Osaic FS’s Form CRS and Reg BI Disclosure Document, and fee-based investment advisory clients should review Osaic FS’s Form CRS and applicable Forms ADV Part 2A, all of which are hyperlinked on this webpage, for important information regarding the compensation that Osaic FS receives in connection with clients’ use of certain money market mutual funds as cash sweeps and Osaic FS’s related conflicts of interest.

Day Trading Risk

Consider the following points before engaging in a day-trading strategy. In this instance, a day-trading strategy means an overall trading strategy characterized by a client's regular transmission of intra-day orders to make both purchase and sale transactions in the same security or securities.

Day trading can be extremely risky

Generally, it is not appropriate for someone of limited resources, limited investment or trading experience and low risk tolerance. You should be prepared to lose all of the funds that you use for day trading. In particular, you should not fund day-trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses. Further, certain evidence indicates that an investment of less than $50,000 will significantly impair the ability of a day trader to make a profit. Of course, an investment of $50,000 or more will in no way guarantee success.

Be cautious of claims of large profits from day trading

Be especially wary of advertisements or other statements that emphasize the potential for large profits in day trading. Day trading can also lead to large and immediate financial losses.

Day trading requires in-depth knowledge of securities markets trading techniques and strategies

In attempting to profit through day trading, you must compete with professional, licensed traders employed by securities firms. You should have appropriate experience before engaging in day trading.

Day trading requires knowledge of a firm's operations

You should be familiar with a securities firm's business practices, including the operation of the firm's order execution systems and procedures. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a stock suddenly drops, or if trading is halted due to recent news events or unusual trading activity. The more volatile a stock is, the greater the likelihood that problems may be encountered in executing a transaction. In addition to normal market risks, you may experience losses due to system failures.

Day trading will generate substantial commissions, even if the per-trade cost is low

Day trading involves aggressive trading, and generally you will pay commissions on each trade. The total daily commissions that you pay on your trades will add to your losses or significantly reduce your earnings. For instance, assuming that a trade costs $16 and an average of 29 transactions are conducted per day, an investor would have to generate an annual profit of $111,360 just to cover commission expenses.

Day trading on margin or short selling may result in losses beyond your initial investment

When you day trade with funds borrowed from a firm or another party, you can lose more than the funds you originally placed at a risk. A decline in the value of the securities that are purchased may require you to provide additional funds to the firm to avoid the forced sale of those securities or other securities in your account. Short selling as part of your day-trading strategy also may lead to extraordinary losses, since you may have to purchase a stock at a very high price to cover a short position.

Potential registration requirements

Persons who provide investment advice or manage securities accounts for others may be required to register as either an Investment Advisor under the Investment Advisors Act of 1940 or as a Broker or Dealer under the Securities Exchange Act of 1934. Such activities may also trigger state registration requirements.

Margin

Osaic FS is committed to providing you with information about the purchase of securities on margin. Every investor who considers trading securities in a margin account should be alerted to the risks. Before you decide to trade on margin:

  • Ask your Osaic FS financial professional to discuss whether margin trading would help meet your needs.
  • Carefully review the margin agreement provided by Osaic FS or any other brokerage firm.
  • Ensure you understand the costs associated with margin trading.
How margin trading works

When you purchase securities, you may either pay for them in full or borrow part of the purchase price from your brokerage firm. If you borrow money from the brokerage firm, you will open a margin account with the firm. The purchased securities are the firm's collateral for the loan.

What are the risks?

If the securities in your account decline in value, so will the value of the collateral supporting your loan. In that event, the firm may issue a margin call, which requires you to deposit more money or securities to maintain your line of credit. If you are unable to do so, the firm may sell securities or other assets in any account you have with the firm to maintain the required equity in the margin account.

Frequently asked questions

Can I lose more money than I deposit in a margin account? Yes. A decline in the value of securities purchased on margin may require you to provide additional funds to the brokerage firm that made the loan.

Can the brokerage firm force the sale of securities or assets in my brokerage account? Yes. If the equity in your account falls below mandatory margin maintenance requirements — or higher "house" requirements stated by the firm — and you are unable to provide additional funds, the firm may force the sale of those securities or other securities or assets in your account(s) to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.

Can the brokerage firm sell my securities or other assets without contacting me? Yes. Most firms notify clients about margin calls, but they are not obligated to do so. Even if a firm contacts you and sets a date by which you must meet the margin call, it can sell the securities without notice to you to protect its interests.

Can I choose which securities or other assets in my account(s) will be sold to meet a margin call? No. Since the securities are collateral for the margin loan, the firm decides which securities to sell to protect its interests.

Can a brokerage firm reset its "house" margin maintenance requirements at any time? Yes.

Can it do so without first notifying me? Yes. These changes often take effect immediately and may result in a margin call. If you are unable to satisfy the call, the firm may sell securities in your account(s).

Am I entitled to an extension to meet a margin call? No. An extension may be allowed under certain conditions, but the firm is not obligated to provide one.

Quarterly Order Routing Practices Report

Osaic FS prepares a quarterly order routing practices report pursuant to a U.S. Securities and Exchange Commission (SEC) rule that requires all brokerage firm to make these practices publicly available. The report provides information on the routing of non-directed orders, that is, any orders that customers have not specifically instructed to be routed to a particular venue for execution.

Osaic FS transmits non-directed orders to our clearing firm, who may then route customer orders to various venues for execution. We offer brokerage account services through: National Financial Services, LLC®, (NFS) a Fidelity® Investments Company.

NFS Quarterly Customer Routing Details Report

Features

Osaic FS offers brokerage account services through National Financial Services, LLC® (NFS), a well-known and highly respected clearing firm across the financial services industry.

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. For claims filed on or after July 22, 2010, the $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection on claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC's board of directors. NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request an SIPC brochure, visit www.sipc.org or call 202-371-8300.

"Excess of SIPC" coverage

In addition to SIPC protection, NFS provides for brokerage accounts additional "excess of SIPC" coverage through Lloyd's of London, together with other insurers.1 The excess of SIPC coverage will be used only when SIPC coverage is exhausted. Like SIPC protection, excess of SIPC protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. Total aggregate excess of SIPC coverage available through NFS's excess of SIPC policy is $1 billion. Within NFS's excess of SIPC coverage, there is no per-account dollar limit on coverage of securities, but there is a per-account limit of $1.9 million on coverage of cash. This is the maximum excess of SIPC protection currently available in the brokerage industry.

How to Read Your Statement (NFS)
Account statements

Monthly or quarterly statements provide easy-to-read summaries of your financial activity and offer clarity and comprehensive data. Depending on the type of account you choose, you may enjoy all or some of these features:

  • An asset allocation snapshot.
  • An income summary report.
  • Portfolio detail on securities positions and current market value.
  • Detailed cost-basis information, including realized and unrealized gains and losses.
  • Expense coding to help organize your check writing activity (applicable accounts).
How to Read Your Statement (NFS)

Additionally, all account holders receive annual statements that summarize their annual account activity for tax-reporting purposes. Ask your Osaic FS financial professional if you may benefit from a consolidated statement that combines your financial holdings from many different financial services providers into one summary.

Bill payment services

A variety of bill payment services are available to you depending on which clearing firm your Osaic FS account is managed through. Visit the Access section for information on bill payment services.

Check writing

Some Osaic FS brokerage accounts offer a convenient check-writing service, providing an efficient system of cash flow management and making it easy to track your check-writing activity. You have limited or unlimited check-writing access to your cash sweep or margin loan balance, depending on the type of account you hold.

Margin trading entails considerable risk and is not suitable for all investors. If the market value of securities in a margin account declines, the investor may be required to deposit more money or securities to maintain his or her line of credit. Investment losses do not minimize the obligation of a margin account investor to repay a loan in full.
Cash sweep program

In its capacity as broker-dealer of record for accounts held with NFS, Osaic FS offers a “cash sweep” program that allows clients to have their cash balances awaiting investment (e.g., from cash deposits, securities transactions, dividend and interest payments, and other activities) automatically deposited, or “swept,” into a core account investment vehicle, or “cash sweep,” that Osaic FS makes available for their account type. For additional information on Osaic FS’s cash sweep program for accounts held with NFS, speak with your Osaic FS financial professional.

Debit card features

Brokerage Portfolio® Accounts through NFS are available at two levels — Gold and Platinum — with VISA® Debit/ATM cards among the services and features offered at both levels. These features are available with both the VISA Gold and Platinum Debit/ATM cards:

  • You can use the funds in your cash sweep to purchase goods and services with your VISA card or make cash withdrawals more than 600,000 locations worldwide, wherever you see the VISA symbol displayed.
  • You can avoid finance charges and monthly credit card bills. Each debit card transaction is automatically deducted from your cash sweep.
  • You may make up to five free ATM withdrawals per month, although ATM surcharge fees may apply. There is a 50-cent fee for each subsequent transaction.
  • As a VISA cardholder, you'll also receive auto rental discounts and no cost auto rental insurance, worldwide travel accident insurance, emergency card replacement and more.
  • Around-the-clock live customer service is available for VISA card questions at 877-506-2399.

Additionally, the VISA Platinum Debit/ATM card offers:

  • Reward points that may be redeemed for an array of goods and services.
  • Cash back based on debit card spending and reward points.
  • Pay-per-use roadside assistance.
  • One-phone-call concierge service to assist with entertainment, business and travel arrangements.
  • A lost luggage reimbursement for checked-on baggage. Reimbursement coverage is up to $5,000 of the difference between the value of the amount claimed and the common carrier's payment. The VISA Platinum Card must be used when purchasing the common carrier ticket.
Deposits

Periodically, you might wish to make physical check or securities deposits to your brokerage account with Osaic FS. Contact your Osaic FS financial professional to help you facilitate the deposit process.

Margin

The margin feature of a brokerage account allows you to leverage your purchasing power by borrowing against the securities in your account. It allows investors to take advantage of trading opportunities even when investment cash is not readily available. Additionally:

  • Borrowing costs are generally lower than they are from traditional lending sources.
  • There is no repayment schedule.
  • You have access to cash in a margin line of credit without liquidating securities.
  • Check-writing privileges on a margin line of credit include overdraft protection.

However, consultation with your Osaic FS financial professional is strongly suggested before you consider margin trading. Margin trading entails considerable risk and is not suitable for all investors. If the market value of securities in a margin account declines, you may be required to deposit more money or securities to maintain your line of credit. Investment losses do not minimize the obligation of a margin account investor to repay a loan in full. If you are unable to do so, Osaic FS may be required to sell all or a portion of your pledged assets. We encourage you to read the margin disclosure.

Mutual fund trading

Mutual Fund Dollar Cost Averaging is a system of buying mutual fund shares in fixed dollar amounts at regular fixed intervals, regardless of the share's price. The investor purchases more shares when prices are low and fewer when prices are high, thus lowering the average cost per share over time.

Dollar cost averaging does not assure a profit or protect against loss in declining markets. Because dollar cost averaging involves continuous investment regardless of changing price levels, you should consider your ability to continue purchasing through periods of all price levels. This feature provides a convenient method for systematic investing in a wide variety of mutual funds from an extensive list of fund families.

Also, for certain account types, a money market fund will be used as a cash sweep and will hold funds designated for mutual fund dollar cost averaging plans. In these cases, ask your Osaic FS financial professional for a current prospectus for the money market fund used as your cash sweep. The money market fund’s prospectus contains important information regarding, among other things, the money market fund’s charges, risks, and expenses. Please read the prospectus carefully.

Mutual Fund Systematic Withdrawal provides a convenient method for systematic liquidation of mutual fund positions held in your brokerage accounts.

Tax corner

The following websites are valuable resources for annual tax information regarding your accounts, including statement information and understanding the safeguarding of your accounts.

Transfer service

Opening a brokerage account with Osaic FS can help simplify the management of multiple investments. Assets at banks, credit unions and other financial institutions may be transferred into a single brokerage account, making it easier to implement your investment strategy — and potentially reduce fees. Such a transfer can be prudent if you're nearing or in retirement. Take a look at your various holdings:

  • Are you eligible to receive cash or other assets from an Individual Retirement Account (IRA)?
  • Are you ready to withdraw assets from a pension or profit-sharing plan?

A direct rollover of retirement assets to a retirement account with Osaic FS allows you to continue deferring taxes on the assets without a tax penalty. Your Osaic FS financial professional can help you arrange direct rollovers as well as direct transfers between other custodians and trustees.

Talk to your Osaic FS financial professional today to hear more about the benefits involved with opening an account with us.

Fidelity's "excess of SIPC" insurance is provided by Lloyd's of London together with Axis Specialty Europe Ltd., Markel International Insurance Company, XL Specialty Insurance Company, and Munich Reinsurance Co.

Securities and investment advisory services are offered through Osaic FS, Inc., broker-dealer, registered investment adviser, and member of FINRA and SIPC. Additionally, investment advisory services may be offered through Sagemark Consulting, a marketing name for Osaic FS, Inc. Osaic FS, Inc. is separately owned and other entities and/or marketing names, products, or services referenced here are independent.

1301 South Harrison Street, Fort Wayne, IN., 46802, tel: 800-237-3813

Not all financial professionals with our firm are able to offer advisory services.

See Osaic FS’s Form CRS Customer Relationship Summary, available here (https://osaic.com/fs), for succinct information about the relationships and services Osaic FS offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. Osaic FS’s Forms ADV, Part 2A, which describe Osaic FS’s investment advisory services, Regulation Best Interest Disclosure Document, which describes Osaic FS’s broker-dealer services, and other client disclosure documents can be found here.

Wealthscape Investor is a service mark of FMR LLC.

Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to institutions, financial intermediaries, and individuals. For more information about Fidelity Investments, visit Fidelity.com.

Fidelity Investments ("Fidelity") is an independent company, unaffiliated with Osaic FS. Fidelity is a service provider to Osaic FS. There is no form of legal partnership, agency affiliation, or similar relationship between your financial professional and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity is a registered service mark of FMR LLC. Fidelity Investments provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 908746.2.0

Osaic FS and its affiliates do not provide tax, legal or accounting advice. Consult your tax professional for any tax, accounting or legal issues.

LFS-6659597-053024

Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc., Osaic Institutions, Inc., Osaic FA, Inc., Osaic FS, Inc., and Triad Advisors, LLC, broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through American Portfolios Financial Services, Inc., Osaic Services Inc., and Ladenburg Thalmann & Co., broker-dealers and member of FINRA and SIPC. Advisory services are offered through Arbor Point Advisors, LLC, American Portfolios Advisors, Inc., Ladenburg Thalmann Asset Management, Inc., and Osaic Advisory Services, LLC, registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. and Triad Advisors, LLC., are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser. 6192409

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