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How to dispose off stocks in ubs account with minimum fees

1,413 278 April 17, 2017 at 11:25 PM
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I got a few workplace vested stocks which I am waiting to turn 1 year so that I can sell as long term capital gains. However ubs site is very hideous and i can't find clear fee details for sale. If sale is going to be costly I am planning to transfer to another brokerage where sale is cheaper.

Can someone please advise?

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#2
Found it in 30 seconds with a Google search.

Page 27:
https://www.ubs.com/content/dam/s...r_fees.pdf

Transaction fee (per sale/purchase transaction of equity and covered equity options)

Generally between 0.00127% – 0.00257% of the transaction amount

This fee, which is displayed on trade confirmations, is charged at the same rate as the Section 31 Fee rate, which is set by the SEC and adjusted twice per year.

The amount of the fee, which covers the transaction fees UBS is required to pay self-regulatory organizations, is rounded by UBS to the nearest penny or up to one penny if it is a fraction less than one.

The rate varies, but in recent years has been between 0.00127% – 0.00257%.

For the most updated information on the amount of the transaction fee, refer to "Transaction Fee for equity and covered equity options" at ubs.com/accountdisclosures.
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"This whole.. I have XX company so my pee pee is 2" longer talk is hilarious. Who cares what company is cheapest, best, etc. Pick the company and plan you want and keep it to yourself."
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#3
Quote from tennis8363
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Found it in 30 seconds with a Google search.

Page 27:
https://www.ubs.com/content/dam/s...r_fees.pdf

Transaction fee (per sale/purchase transaction of equity and covered equity options)

Generally between 0.00127% – 0.00257% of the transaction amount

This fee, which is displayed on trade confirmations, is charged at the same rate as the Section 31 Fee rate, which is set by the SEC and adjusted twice per year.

The amount of the fee, which covers the transaction fees UBS is required to pay self-regulatory organizations, is rounded by UBS to the nearest penny or up to one penny if it is a fraction less than one.

The rate varies, but in recent years has been between 0.00127% – 0.00257%.

For the most updated information on the amount of the transaction fee, refer to "Transaction Fee for equity and covered equity options" at ubs.com/accountdisclosures.
Found multiple such docs online each having different amount. The customer rep said 3c per stock. So none match. I am here for personal experiences
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Quote from RandomSDNeo
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Found multiple such docs online each having different amount. The customer rep said 3c per stock. So none match. I am here for personal experiences
This document is updates for 2017. Should be the one.
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#5
why not just do a mock transaction but not confirm it? it should tell you the fees before asking for confirmation?
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Quote from dayv
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why not just do a mock transaction but not confirm it? it should tell you the fees before asking for confirmation?
It doesn't show in ubs. I used etrade and motif and they show the cost. Anyway, I called them and they said it depends on your employer. Mine is 3c/stock.
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#7
Transfer the account to fidelity. They'll reimburse you for UBS account transfer/closure fees. Then sell while on fidelity.
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Quote from RandomSDNeo
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It doesn't show in ubs. I used etrade and motif and they show the cost. Anyway, I called them and they said it depends on your employer. Mine is 3c/stock.
As you've already found out, your employer negotiates with UBS [ubs.com] to determine the fees that you have to pay in their OneSource ESPP plans so we wouldn't have been able to determine that for you. Sounds like you've got it sorted now.
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