Account fees are negotiated with the client. The size and type of account help determine the account fees. Conservative accounts are generally charged at a lower fee than more aggressive, actively traded accounts. Conservative accounts are monitored and maintained with the same care as a more aggressive, active account. Never the less, a conservative account is a bit easier to maintain, and so fees can be kept at a minimum. Very active accounts are charged a higher fee.

IRA Accounts are charged a 1% fee for accounts $25,000.00 or more. A 2% fee is charged for accounts less than $25,000. SMA accounts have a $25,000.00 minimum requirement and are charged from 1% - 3%. This fee is negotiable and is based on how active and aggressive the account is. More actively traded accounts are charged at the upper level of the fee structure. Accounts over $100,000.00 are charged 1% - 2% and are also subject to a fee structure that coincides with the anticipated activity and aggressiveness of the account. All accounts $500,000.000 or more are charged a 1% fee regardless of account activity. The minimum IRA account requirement is $4,000.00.

Commissions for trades are the same for all accounts - $1.00 per 100 shares or portion thereof. These are brokerage/exchange fees and GreyLock does not receive any portion of the commission fees.

All fees are negotiable and are determined on a client by client basis. There is no charge for consultations, account setup, or portfolio construction if the client opens an account with GreyLock. If a portfolio is constructed and the potential client decides not to open an account, a $25.00 fee is charged.

Please be advised that when setting up accounts the time frame from the time the account is funded until the funds are available to implement the portfolio strategy may take several weeks before the funds are actually available for trading. This is not unusual and should be expected.

When setting up accounts, clients have several options for withdrawing funds. A check can be requested and issued, this usually takes 5—7 business days. Your brokerage account can be directly linked to a bank checking or savings account and the funds will be electronically transferred. GreyLock highly recommends this option. There are several other options available such as wire transfers. Please review all the options and select what will benefit you the most.

Statements can be mailed on a monthly or quarterly schedule. Statements can also be sent via email or the customer can login and obtain statement information at anytime.

There are no hidden fees. What you see is what you get