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Modern Woodmen Bank
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Brokerage Services
A brokerage account with Modern Woodmen of America allows you to buy and sell securities such as stocks, mutual funds, corporate and municipal bonds, treasury securities and unit investment trusts. Comprehensive asset management accounts also allow you to combine your brokerage, check-writing, money market fund and Visa debit card activity into a cohesive package, which is reported to you on a single consolidated statement.


Advantages  

Automatic reinvestment 
Dividends and capital gains from your portfolio holdings can be automatically reinvested, allowing those assets to continue to grow.  Alternatively, you can have your distributions deposited in a money market fund, making them readily available.  

Cost-basis calculations
Cost-basis calculations are shown on Modern Woodmen brokerage account statements.  These calculations make it easy for you to determine the potential gain or loss you might incur, before you commit your funds.  

Margin accounts
Margin accounts may be opened for sophisticated investors seeking to leverage their buying power.  In margin accounts, borrowing power is used to purchase additional securities or as a line of credit, extending your financial reach.  The amount you borrow will accrue interest charges, and your available credit limit will be determined by considering the value of your marginable securities.  

Account options
Our Regular Brokerage Account features:

  • $1,000 minimum initial investment.
  • No opening costs or minimum account balances.
  • Monthly statements, if any investment activity.
  • $0 annual fee.1
  • Most common account opened.

If you are looking for an asset management program with enhanced flexibility, you have access to a range of Corestone® accounts to meet your different needs:

Corestone® Account

Benefit

Silver or Silver Plus2

Gold

Platinum

Unlimited check-writing
Direct deposit
Voice response service
Free bill payment and electronic presentment
Visa debit card          Silver Plus only
24 x 7 customer service          Silver Plus only
Expense coding
Enhanced cost basis
Statement breakout sections and year-end account summary of expenses by category
Dividend reinvestment
No charge access to network ATM machines

Silver Plus only, up to $500 daily

Up to $1,500 daily

Up to $3,000 daily

Fee reimbursement on non-network ATMs

Yes, monthly limits may apply

Yes, monthly limits may apply

Discount on standard personal check

20% off list
(effective 2012)

40% off list
(effective 2012)

Free stop payment orders


Many other features are available within the various Corestone
® Accounts.

Review Corestone® fees and financial terms, Corestone Pricing

Access to investments
Within your brokerage account, you can buy and sell:  

Stocks
Stocks listed on the New York Stock Exchange (NYSE), American Stock Exchange (AMEX) or NASDAQ exchanges can be traded, as well as unlisted stocks that trade over the counter.   

Bonds
Through a Modern Woodmen brokerage account, you can access the following types of bonds.

  • Corporate bonds
  • Municipal bonds
  • Treasuries
  • Agencies (GNMA, FNMA)
  • CMOs
  • Asset-backed securities              

Mutual funds
You can easily secure the benefits of diversification and professional money management by choosing from our selection of more than 10,000 mutual funds.  

Control
With a Modern Woodmen brokerage account, you can control an entire investment portfolio from one account.

Brokerage Services with Modern Woodmen
For more information about brokerage services, contact your local Modern Woodmen representative or call our home office trading desk toll-free at (866) 790-7092. 


1.  Custody fees may be assessed to accounts defined as inactive, i.e., accounts holding a security position for a calendar year (January 1 to December 31) without generating a trade or free credit/margin interest of $100 or more. Systematic reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. However, dividend reinvestment activity is not considered as a trade. Accounts exclusively holding "book entry only" fixed income positions, an aggregate FundVest position of $10,000 or more, or an alliance money fund balance of $10,000 or more per month will also be exempt from this fee. Finally, the annual custody fee will be discounted 50 percent for proprietary bank IRAs or for accounts that are subject to this custody fee may be exempted. Pershing LLC reserves the right to charge this fee on a pro rated basis for accounts that terminate their relationship with Pershing.
 
2.  Silver level will not receive a Visa debit card. Silver Plus will receive a Visa debit card in 2012.


Securities offered through MWA Financial Services Inc., a wholly owned subsidiary of Modern Woodmen of America, 1701 1st Avenue, Rock Island, IL 61201, 309-558-3100. Member: FINRA, SIPC. Products are available in most states. Individual representatives may not be licensed to sell all products.



http://www.modern-woodmen.org/ProductsServices/Investments/Pages/BrokerageServices.aspx