Brokerage Account Statement
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ACME BROKERS LLC
Don't be afraid to ask! Don't hesitate to ask your financial professional to explain or provide more detail about any information in your account statement. You are paying them to provide this service. Important: Ask about trades you don’t remember approving or any unexplained fees or commissions that are shown on the statement.General Account Information
Account Holder: Mr. and Mrs. J. Doe 123 Main St. Anywhere, USA 67890
From your Introducing Broker
What is an Introducing Broker?
- An introducing broker takes orders for securities transactions but does not clear them or hold customer assets. They often work directly with the customer (providing advice or making recommendations), while the job of clearing trades and holding the customer’s cash and securities is handled by another firm, usually called a carrying or clearing broker. You may not have an introducing broker because some brokers clear their own transactions and hold customer assets without an introducing broker involved.
Office servicing your account: Jane Smith, Financial Advisor ACME Brokers, Branch Office 777 Business Ave. Anywhere, USA 67890 555-123-4567 | jsmith@acmebrokers.com
Period Ending: January 31, 2015 Account No. 1234567XYZ
Asset Value
Cash Equivalents
$30,000
Portfolio Assets held at ACME Brokers
$45,000
Portfolio Assets not held at ACME Brokers
$25,000
Total Portfolio Value as of January 31, 2015
$100,000
Total Portfolio Value as of January 1, 2015
$125,000
Primary Investment Objective
Investment Objective
- Your financial professional may ask you about your investment goals and tolerance for risk. Investment goals and risk tolerance may range from those that preserve capital and generate income to those that are more aggressive and risky. Brokers offer investments to meet a range of investment objectives. Discuss with your financial professional which investment objective is right for you and let your broker know if your financial circumstances change so you can consider whether it makes sense to change your investment objective.
Your Primary Investment Objective is Income
If you have questions concerning your investment objectives, please contact your introducing broker
Cleared Through:
What is a Carrying or Clearing Broker?
- A carrying or clearing broker, often called a clearing firm, stands between an introducing broker and the exchanges. It executes trades, prepares trade confirmations, settles money related to trades, and arranges for the securities to be transferred to the customer’s account. It also may hold customers’ cash and securities.
- Some brokers clear their own transactions and hold customer assets with no introducing broker involved.
Contact information for your clearing broker must be shown on your account statement.
ACME CLEARING, INC.:
222 Commerce Street Downtown, USA 12345 555-456-7890www.acmeclearing.com
Important
Carefully review your trade confirmations and your account statements!
If you believe assets are missing from your account, or that a trade or transaction was made in error, to best protect your interests contact the introducing broker (if you have one) and the clearing firm by phone and in writing.
Brokerage Account Statement
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Statement Period January 1 to January 31, 2015
Account Investment Summary as of January 31, 2015
Account Summary: Your account at a glance
- This section provides an overview of the account’s total value. It may be broken down by investments in the account, such as cash, equities (stock), fixed income (bonds), mutual funds, exchange traded funds or ETFs, and other holdings.
- Some investments may be held on your behalf by a company other than your clearing broker, such as a bank.
Compare the information in your account statement with your trade confirmations, especially if your financial professional can make trades on your behalf.
Investment Type
Amount
Percent
Cash and Cash Equivalents
Cash and Cash Equivalent
- Cash and cash equivalents refer to cash or holdings that can be converted into cash almost immediately, including money market funds and other short-term, highly liquid investments with a maturity of three months or less, such as U.S. Treasury bills.
$30,000
30%
Equities and Options
$5,000
5%
Fixed Income
$15,000
15%
Mutual Funds
$25,000
25%
Investments Held Outside
$25,000
25%
Total
$100,000
100%
Investments Held Outside ACME Brokers
Investments Held Outside ACME Brokers
Carefully Review Consolidated Financial Account Reports
- Some brokers provide clients with consolidated financial account reports that include information about assets that are “held outside” or “away from” your financial professional’s firm, for instance in other investment, retirement, or cash sweep banking accounts.
Consolidated reports do not replace account statements received from the financial institution(s) that hold your other assets. Read, compare, and understand all of your account statements.
- Remember that your broker has not verified or confirmed all of the data presented and that you should continue reviewing your other account statements.
Value on January 1, 2015
Value on January 31, 2015
Investments Held Outside
$25,000
$25,000
Total Account Value Including Investments Held Outside
$125,000
$100,000
Earnings Summary
as of January 31, 2015Estimated Annual Income
Estimated Annual Income
- Brokerage statements may provide estimates of income, dividend, and yield information for specific securities in an account. Actual income and yield may be higher or lower.
$7,500
Purchasing Power
as of January 31, 2015Available Cash
$30,000
Brokerage Account Statement
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Statement Period January 1 to January 31, 2015
Change in Account Value
Change in Account Value
- This section summarizes changes in account value, including changes in the market value of holdings and a summary of other account activity during the statement period and for the year-to-date.
- Numbers shown in (parentheses) are deductions or “debits” from the account’s value. They may reflect fees and charges, a decline in your investment assets’ value, or the sale of investments. Numbers not in parentheses reflect increases in or “credits” to the account.
This Period
Year to Date
Starting Value
$125,000
$125,000
Cash Value of Purchases & Sales
$28,000
$28,000
Investments Purchased/Sold
($28,000)
($28,000)
Deposits & Withdrawals
($28,000)
($28,000)
Dividends & Interest
$4,000
$4,000
Fees & Charges
($10.00)
($10.00)
Transfers
0.00
0.00
Income Reinvested
0.00
0.00
Change in Value of Investments
($1,000)
($1,000)
Ending Value on 01/31/2015
$100,000
$100,000
Total Change in Account Value
(Totals include Deposits & Withdrawals)
(Totals include Deposits & Withdrawals)
($25,000)
($25,000)
Account Value ($) Over Last 12 Months [in Thousands]
Asset Allocation
Asset Allocation
- This section shows the account by investment type, providing the percentage held in cash, equities (stock), fixed income (bonds), mutual funds, and other types of securities. It may use a graph or pie chart so that you see at a glance what investments you hold, allowing you to easily review your asset allocation.
Market Value
Market Value
- Market value is the amount you generally would receive if you were to sell an asset. It will likely fluctuate based on market conditions. For securities that trade frequently, the market value is based on prices for recent transactions. For securities that trade infrequently, the value may be an estimate based on market data that may not be current.
% of Account Assets
Money Market Funds [Sweep]
"Sweep" Accounts
- You may have agreed to a certain treatment of your excess cash when establishing your account, perhaps without being aware of that agreement. Understand how excess cash is treated and ask the broker for a full explanation if necessary. Your financial professional should explain the options available. If your broker offers you choices, it must agree to the option you select—even if your choice isn’t the brokerage’s “default”.
- One option your broker may offer to manage excess cash is a bank sweep program, which typically involves the automatic transfer or “sweep” of cash in the brokerage account to a bank that holds the cash for you. The bank may or may not be affiliated with your broker. Other options may include keeping cash in the brokerage account or sweeping cash into one or more money market mutual funds.
- Regularly check the “cash and cash equivalents” line to confirm that the broker is following your instructions on treatment of excess cash. If your cash balance is larger or smaller than you expect or want, call your financial professional to discuss your options.
$30,000
30%
Equities
$5,000
5%
Mutual Funds
$25,000
25%
Fixed Income
$15,000
15%
Investments Held Outside
$25,000
25%
Total Assets
$100,000
100%
Total Account Value
$100,000
100%
Overview
Brokerage Account Statement
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Statement Period January 1 to January 31, 2015
Transaction Details (for holdings with activity this period)
Transaction Details (or Activity Details)
This section provides detailed information about account activity during the relevant period and may include:
- The date and price of each purchase or sale transaction
- The date and amount of each deposit or withdrawal
- The date and amount of dividends and interest received from your investments
- The date and amount of dividends and interest reinvested
- Realized capital gains or losses from sales in the account (gains or losses are “realized” when an asset is sold)
- Transaction costs, such as sales loads, fees, or commissions
Compare the information in your account statement with your trade confirmations, especially if your financial professional can make trades on your behalf.
Brokerage Activity
Settlement Date
Security
Description
Quantity
Price per Unit
Cost Basis
Cost Basis
Cost Basis: The original amount paid for a security, including the amount of reinvested dividends and capital gains, plus or minus certain adjustments. Not all basis adjustments may be reflected. The security cost basis can be used to estimate the capital gain or loss when you sell. This information is important for tax reporting and tax planning purposes. You should consult your tax advisor about tax implications.
Transaction Amount
1/1
Interest received
$10.00
1/10
Dividend received
$3,990
1/31
You sold ABC Mutual Fund
Transaction cost -$10.00
Transaction cost -$10.00
-1000.000
28.01
$25,000
$28,000.00
(net amount minus $10 transaction cost)
(net amount minus $10 transaction cost)
Brokerage Account Statement
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Statement Period January 1 to January 31, 2015
Activity Summary
Activity Summary
- This section summarizes the activity or "cash flow" in the account during the statement period and year-to-date – essentially what went in and out of the account(s), shown in the “Transaction Details” sections, such as:
- securities purchased and securities sold or "redeemed"
- deposits into and withdrawals or deductions from your account
- income and distributions from your investments, such as dividends, interest, and capital gains
- fees, commissions, and other charges
- income that is reinvested in the securities
- changes in the value of the investments
on January 31, 2015 ($)
Year to date ($)
Additions
Deposits, security transfers received
–
–
Income received
$4,000
$4,000
Other funds credited
–
–
Proceeds from security transactions
$28,000
$28,000
Total additions
$4,000
$4,000
Subtractions
Checks and bill payments
–
–
Interest charges
–
–
Withdrawals, security transfers delivered
($28,000)
($28,000)
Foreign and/or federal tax withheld
–
–
Funds withdrawn for securities transactions
–
–
Fees/Expenses
($10)
($10)
Income Summary
Income Summary
- This section shows the income the account earned for the statement period and year-to-date from dividends, capital gains, or interest. This information is important for tax reporting and tax planning purposes. You should consult your tax advisor about tax implications.
on January 31, 2015 ($)
Year to date, 2015 ($)
Taxable dividends
$3,990
$3,990
Non-taxable dividends
–
–
Taxable interest
$10.00
$10.00
Non-taxable interest
–
–
Capital gain income
–
–
Limited partnership distributions
–
–
Other taxable income
–
–
Other non-taxable income
–
–
Gain/Loss Summary
Gain/Loss Summary
- You have a capital gain (or loss) if you sell an asset for more (or less) than you paid for it.
- If you hold an asset for more than one year before selling it, your capital gain or loss is classified long-term for federal income tax purpose. If you hold it one year or less, your capital gain or loss is classified short-term.
- This information is important for tax reporting and tax planning purposes. You should consult your tax advisor about the tax implications of these transactions.
Realized gains and losses
on January 31, 2015 ($)
Year to date ($)
Unrealized gains and losses as of January 31, 2015
Short term
$3,000
$3,000
–
Long term
–
–
$5,000
Holdings Summary
Holdings Summary
- This section offers a big picture of the account holdings and the change in market value since the last statement, using starting values and ending values.
- This section may be broken down into each type of investment held in your account, such as:
- Cash and cash equivalents
- Equities (stock or options)
- Bonds (fixed income)
- Mutual funds
- Exchange Traded Funds (ETFs)
- Other types of securities or assets
on January 1, 2015 ($)
on January 31, 2015 ($)
Cash and Cash Equivalents
$26,000
$30,000
Equities/options
$6,000
$5,000
Corporate bonds
–
–
Municipal bonds
–
–
Certificates of deposit
–
–
US Government bonds
$15,000
$15,000
Mutual Funds
$53,000
$25,000
Non-Classified
–
–
Sub-Total - Assets held at ACME
$100,000
$75,000
Assets not held at ACME
$25,000
$25,000
Total Assets
$125,000
$100,000
Cash and Cash Equivalents Information
Cash and Cash Equivalents
- Cash and cash equivalents are assets that are cash or can be converted into cash almost immediately. Examples include checks received but not yet deposited, cash held in FDIC-insured checking and savings accounts, money market funds, and other short-term, highly liquid investments with a maturity of three months or less, such as U.S. Treasury bills.
- These assets may be held by the clearing broker or elsewhere, such as at a bank or a mutual fund.
Available Funds ($)
Rate (%)
Cash Equivalent Funds/Money Market
$30,000
0.01
Bank Insured Deposit Program (BIDP)
–
0.02
Cash
–
–
Disclosures
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If you have a question about your account or require service, please call your broker at Acme Brokers LLC (“Acme Brokers”).
Investment objectives/Risk tolerances: Please advise us promptly of any material change that might affect your investment objectives, risk tolerance or financial situation, or if you wish to impose or change any reasonable restrictions on the management of your account.
Remember to Read the Fine Print
- DON’T BE SHY! Ask your financial professional to explain or provide more detail about any information in your account statement.
- Promptly let your financial professional know of changes in your investment objectives, risk tolerance, or financial situation. It’s important!
Errors or Discrepancies: Please review your statement and report any inaccuracies or discrepancies promptly to your clearing broker and, if you have one, to your introducing broker. Your clearing broker’s and, if you have one, your introducing broker’s address and telephone number can be found on the first page of this statement. Additionally, any oral communications regarding inaccuracies or discrepancies should be reconfirmed in writing to your clearing broker and, if you have one, to your introducing broker to further protect your rights, including those under the Securities Investor Protection Act ("SIPA"). If you do not object to the accuracy of the information reported on this statement promptly, we will consider it conclusive. In other words, by failing to object promptly, you agree that you have ratified as accurate all of the transactions and activities reported in this statement.
Remember to Read the Fine Print
- If you believe assets are missing from your account or that a trade or transaction was made in error, to further protect your interests, contact the introducing broker (if you have one) and clearing firm by phone and in writing.
Account Protection: Brokerage services are provided by Acme Brokers, which clears all transactions through its affiliate, Acme Clearing. Acme Clearing carries all brokerage accounts. Acme Brokers and Acme Clearing are members of the Securities Investor Protection Corporation ("SIPC"). SIPC protects the clients of its member firms against the loss of their securities in the event of the member’s insolvency and liquidation. Each client is protected for up to $500,000 (including $250,000 for claims for cash). Acme Clearing has arranged for additional protection for cash and covered securities to supplement its SIPC coverage. Neither coverage protects against a decline in the market value of securities. For more information, including the SIPC brochure, please see www.sipc.org or call (202) 371-8300.
Remember to Read the Fine Print
- SIPC states that it does NOT protect against a decline in the market value of securities and does NOT protect individuals who are sold worthless stocks and other securities or who receive bad investment advice or inappropriate investment recommendations.
- For more information regarding what SIPC protects, please see www.sipc.org.
Information About Mutual Funds and Their Performance: Before investing consider the fund’s or insurance product’s investment objectives, risks, charges and expenses. Contact Acme Brokerage or visit our website for a prospectus containing this information. Read it carefully before investing. Performance data shown represents past performance, and is no guarantee of future results.
Remember to Read the Fine Print
- Money market funds are NOT FDIC insured, may lose value, and are not bank guaranteed.
- Certificates of deposit (CDs) and other bank products at FDIC-insured banks, such as bank deposit sweep accounts, are eligible for FDIC insurance up to $250,000 per depositor, per institution, in accordance with FDIC rules.
Each fund reserves the right to terminate or modify its exchange privilege.
Foreign investments, especially those in emerging markets, may involve greater risks than U.S. investments.
In addition to sales loads and 12b-1 fees described in the prospectus, Acme Brokers or Acme Clearing receives other compensation in connection with the purchase and/or the on-going maintenance of positions in certain mutual fund shares and other investment products in your brokerage account. This additional compensation may be paid by the mutual fund or other investment provider, its investment adviser or one of its affiliates. Additional information about the source(s) and amount(s) of compensation as well as other remuneration received by Acme Brokers or Acme Clearing will be furnished to you upon written request.
Remember to Read the Fine Print
- A sales load is the amount that you pay when you buy (front-end load) or redeem (back-end load) shares of certain mutual funds. 12b-1 fees are fees paid out of fund assets to cover the costs of marketing and selling fund shares.
Changes in Portfolio Value and Account Summary: Shows activity in your portfolio and in each of your accounts for the statement period.
Value by Account: Shows the value of your account(s), for the current and previous statement periods, grouped by investment type.
Income Summary: Shows income by tax status for the statement and year-to-date periods. Except for interest earned on, or distributed by, tax-exempt securities, Acme Brokerage reports dividends and capital gains held in taxable accounts as taxable income.
Cost Basis: The original amount paid for a security, including the amount of reinvested dividends and capital gains, plus or minus certain adjustments. Not all basis adjustments may be reflected. Use the security cost basis to estimate the capital gain or loss when you sell. We may adjust cost basis for events such as disallowed losses (wash sales) and the reclassification of a dividend as a result of capital.
Bank Deposit Sweep: Consists of monies held at one or more other Acme Brokers affiliated banks. These assets are not covered by SIPC, but are instead eligible for FDIC insurance of up to $250,000 per depositor, per institution, in accordance with FDIC rules. For additional information on the Bank Deposit Sweep for your account, please contact your broker.
Change in Investment Value: The appreciation or depreciation of your holdings due to price changes, plus any distribution and income earned during the statement period, less any transaction costs, sales charges, or fees you may have paid.
