Safekeeping

Vining Sparks offers a vast array of services to our customers to make the management and accounting of their investment portfolio as effective and efficient as possible. As a part of our commitment to providing you "a total package" of portfolio services, we offer the safekeeping of securities at BNY Mellon in a segregated account. This service includes:

  • Issuance of safekeeping receipts
  • Timely principal and interest payments
  • Credit Advices issued in advance of payment on principal, interest, maturities, etc. giving you a description of security, amount, due date of payment and disposition of funds. 
  • Access to Federated's Government Obligation Fund and Treasury Obligation Fund for the investment of temporary cash balances. 
  • Monthly statements detailing holdings, activity, and balances.

For additional information, please contact your Vining Sparks account representative or Randy Wade at 800-829-0321. 

Fee Schedule
Account Maintenance
Per Position, Per Month
$3
Transaction Fee
(Security Deposit/Withdrawal)
 
Inside Trade $10
Physicals $30
Transaction Fee
(Security Deposit/Withdrawal)
 
Outside Trade $30
Physicals $30
Pledge/Release of Security $12
Statement of Assets $4
Registration Fee $30
Wire Change $15
Check Charge $5
Monthly Minimum Fee $25
 
All out-of-pocket expenses will be charged directly to the Account at the time these expenses are incurred. These costs include, but shall not be limited to, all shipping costs, telegraphic transfer fees, re-registration transfer fees, postage, insurance, expenses imposed by other agents, etc.