Account Features and Services

 

CFA-AccountFeatures

Learn about account Services and features.



Standard Account Features

  • Free online account access
  • Online market and industry
  • Detailed monthly statements including cost basis1 (if available)
  • Online market and industry information
  • Comprehensive year-end tax statement with complete details on all transactions for the year
  • Receive more than SIPC Account protection2
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Optional Services

  • Pay for purchases from, or have sales proceeds credited to, your Commerce Bank deposit account automatically
  • Margin accounts3
  • Equity Dividend Reinvestment Program
  • Cashless employee stock option exercise
  • Stock re-registrations
  • Legal transfer assistance
  • Restricted stock trades or legend removal
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Account Titling Options

 

INDIVIDUAL ACCOUNT

  • This account is in your name alone.

  • You are the only person who can direct trades, request cash distributions and work with your Financial Advisor to manage your portfolio.

  • Upon your death, your assets become subject to probate.

INDIVIDUAL TRANSFER ON DEATH

  • This account is in your name alone with a beneficiary(ies) who will become the owner(s) upon your death.

  • You have the same benefits of an individually titled account, and your assets pass on to your designated heir(s) upon your death.

  • This account avoids probate.

JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP

  • Ownership and control is 100% for all parties.

  • When one owner dies, the other owner(s) continues to own and control all the funds and can conduct business as usual.

  • Any owner can transact business or make changes to the account at any time without the consent of other owners, until this ownership type is revoked by either party.

  • Distribution checks from the account must be paid to and endorsed by all owners.

TENANTS IN COMMON

  • Ownership is based on the stated percentage of contribution of each party determined at account opening.

  • Upon the death of any owner, the percentage of assets previously established pass to the owner’s estate.

  • All owners must authorize any activity or changes.

  • Distribution checks from the account must be paid to and endorsed by all owners.

  • Assets of each of the deceased owner may be probated with the courts.

TRUST ACCOUNT

  • A trust is a legal contract to protect, hold and manage your private wealth for the benefit of your heirs. The legal document names the Trustee who manages to the terms of the Trust including the investment of the trust assets.

  • All assets may be liquidated in a single account for preparation of the final distribution.

  • Trustee(s) must make all investment, management and distribution decisions in a prudent manner, compatible with the Trust's objectives.

  • Trust eliminates the need for probate.

  • Tax consequences vary depending on the type of trust, revocable or irrevocable.

  • Trustee may charge a reasonable fee for services.

ESTATE ACCOUNT

  • This account type is used to liquidate or manage the assets for an estate. The court appointment clearly states who becomes the person responsible for the disposition of the Estate assets.

  • All assets may be liquidated in a single account for preparation of the final distribution.

  • Tax consequences vary depending on the type of trust, revocable or irrevocable.

 
Disclosures:
 
Commerce Financial Advisors does not provide tax advice or legal advice to customers. Consult a tax specialist regarding tax implications related to any product and specific financial situations
 

1Cost Basis is provided for security positions purchased through Commerce Financial Advisors, and may be added for positions transferred in if provided by the customer.

2Securities in accounts carried by National Financial Services LLC (NFS)are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 (including cash claims limited to $250,000). NFS has arranged for additional insurance protection for cash and securities to supplement its SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$250,000 coverage provided by SIPC. An explanatory brochure on SIPC is available upon request or at www.sipc.org. Neither coverage protects against a decline in the market value of securities.

3For those who qualify, margin accounts are carried through National Financial Services LLC.

 

† To send an email that contains confidential information, please visit the Secure Message Center where there are additional instructions about whether to use Secure Email or Online Banking messaging.

Securities and Advisory services provided through Commerce Brokerage Services, Inc., member FINRA, SIPC, and a registered investment advisor. Insurance products are offered through Commerce Insurance Services, Inc. Both entities are subsidiaries of Commerce Bank.

Investments in securities and insurance products are Not FDIC insured; Not Bank-Guaranteed and May Lose Value.

This site is not intended for use by, or to provide any information to, investors in any state where Commerce Brokerage Services, Inc. is not registered or in any jurisdiction outside the United States of America where such use would be prohibited or otherwise regulated. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.