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PRICING AND RATES


WE DON’T BELIEVE IN HOLDING BACK ON INFORMATION.
ESPECIALLY ON PRICING. GET THE ANSWERS YOU’RE LOOKING FOR.

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STOCKS, OPTIONS, AND ETFS

$01

 




OPTIONS
CONTRACTS

$0.65

50¢ with 30+ trades per quarter1




FUTURES
CONTRACTS

$1.50




BONDS

(online secondary trades)

$1.00

per bond

(minimum $10, maximum $250)


DETAILED PRICING

Expand all

 STOCK AND OPTIONS TRADES

Pricing 0–29 Trades/QTR 30+ Trades/QTR Stock and options trades
(US Exchange-listed stocks) $0 $0 Options contract fee $0.65 $0.50 Exercise /
assignments $0 $0 Dime Buyback Program
Close short options priced at 10¢ or less, no contract fee
Learn more $0 contract fee

 

For options orders, an options regulatory fee will apply. Additional regulatory
and exchange fees may apply.

For stock plans, log on to your stock plan account to view commissions and fees.

BROKER ASSISTED TRADES

Customers will be charged an additional $25 for broker-assisted trades,
(excluding Extended Hours overnight session trades placed via broker between 4
a.m. and 7 a.m. ET), plus applicable commission and fees. Directed trades
executed through E*TRADE Pro to an ECN during regular market hours and Extended
Hours sessions are subject to directed order fee of $0.005 per share. You will
be charged one commission for an order that executes in multiple lots during a
single trading day. Orders that execute over more than one trading day, or
orders that are changed, may be subject to an additional commission.

Standard commissions for stock and options trades are $0 (plus an additional
$0.65 per options contract). For options orders, an options regulatory fee will
apply.

OVER-THE-COUNTER STOCK TRADES

A $6.95 commission (or a $4.95 commission for customers who execute at least 30
stock, ETF, and options trades per quarter) applies to online trades of OTC
stocks , including OTC, OTCBB, grey market, and OTC-traded foreign securities.

 EXCHANGE-TRADED FUNDS (ETFS)

Pricing 0–29 Trades/QTR 30+ Trades/QTR ETFs
$0 $0

The fund's prospectus contains its investment objectives, risks, charges,
expenses, and other important information and should be read and considered
carefully before investing. For a current prospectus, visit
www.etrade.com/mutualfunds or visit the Exchange-Traded Funds Center at
www.etrade.com/etf.

 BONDS

U.S. Treasury auction $0 U.S. Treasury secondary trades online $0 Online
secondary trades $1 per bond (minimum $10, maximum $250) Broker-assisted trades
Online secondary pricing plus $20 commission Through Fixed Income Specialists
Net yield basis New issues (except Treasury auction) Offering price includes a
selling concession


E*TRADE Securities may act as principal or agent on any bond transaction. When
acting as principal, we will add a markup to any purchase, and subtract a
markdown from every sale. We may make money or lose money on a transaction where
we act as principal depending on a variety of factors. The markup or markdown
will be included in the price quoted to you and you will not be charged any
commission or transaction fee for a principal trade. Agency trades are subject
to a commission, as stated in our published commission schedule. 

Includes agency bonds, corporate bonds, municipal bonds, brokered CDs,
pass-throughs, CMOs, asset-backed securities.

Secondary market trades executed through a Fixed Income Specialist will be
effected on a net yield basis, where E*TRADE Securities will act as principal.
When acting as principal, we will add a markup to any purchase, and subtract a
markdown from every sale. The markup or markdown will be included in the price
quoted to you and will vary depending on the characteristics of the particular
security or CD.

 FUTURES

Futures contract commission
$1.50 per contract, per side + fees (excluding cryptocurrency futures)*



* Commissions for cryptocurrency futures products are $2.50 per contract, per
side + fees.


In addition to the $1.50 per contract per side commission, futures customers
will be assessed certain fees including applicable futures exchange and National
Futures Association (NFA) fees, as well as floor brokerage charges for execution
of non-electronically traded futures and futures options contracts. These fees
are not established by E*TRADE Futures LLC, and will vary by exchange.

 MUTUAL FUNDS

No-load, no-transaction-fee funds $0 Transaction fee funds $19.99 Load funds See
prospectus for amount of load Early redemption fee for no-load, no transaction
fee for Mutual Funds $49.99

 

To discourage short-term trading, E*TRADE Securities will charge an Early
Redemption Fee of $49.99 on redemptions or exchanges of no-load, no transaction
fee funds that are held less than 90 days. Direxion (other than the commodity
Trends Strategy Fund DXCTX), ProFunds, Rydex mutual funds and all money market
funds will not be subject to the Early Redemption Fee. All fees and expenses as
described in the fund's prospectus still apply. Please read the fund's
prospectus carefully before investing.


The fund’s prospectus contains its investment objectives, risks, charges,
expenses and other important information and should be read and considered
carefully before investing. For a current prospectus, visit
www.etrade.com/mutualfunds.

 MARGIN RATES

Base rate effective as of 5/5/2022–7.20%


STOCKS, OPTIONS, AND ETFS

Debit Balance Margin Rate Less than $10,000 9.70% (2.50% above base rate)
$10,000 to $24,999.99 9.45% (2.25% above base rate) $25,000 to $49,999.99 9.20%
(2.00% above base rate) $50,000 to $99,999.99 8.70% (1.50% above base rate)
$100,000 to $249,999.99 8.20% (1.00% above base rate) $250,000 to $499,999.99*
7.70% (0.50% above base rate)

*For balance tiers $500K and above, please call 800-998-8079 to learn about our
latest rate offers.


Margin trading involves risks and is not appropriate for all investors. Rates
are subject to change without notice. Rates are set at the discretion of E*TRADE
Securities with reference to commercially recognized interest rates, such as the
broker call loan rate.

Trading on margin involves risk, including the possible loss of more money than
you have deposited. In addition, E*TRADE Securities can force the sale of any
securities in your account without contacting you if your equity falls below
required levels, and you are not entitled to an extension of time in the event
of a margin call. For more information, please read the risks of trading on
margin at www.etrade.com/margin.

The base rate is set at E*TRADE Securities' discretion with reference to
commercially recognized interest rates, such as the broker call loan rate. Base
rates are subject to change without prior notice.

Transactions in futures carry a high degree of risk. The amount of initial
margin is small relative to the value of the futures contract. A relatively
small market movement will have a proportionately larger impact on the funds you
have deposited or will have to deposit: this may work against you as well as for
you. You may sustain a total loss of initial margin funds and any additional
funds deposited with the Firm to maintain your position. If the market moves
against your positions or margin levels are increased, you may be called upon by
the Firm to pay substantial additional funds on short notice to maintain your
position. If you fail to comply with a request for additional funds immediately,
regardless of the requested due date, your position may be liquidated at a loss
by the Firm and you will be liable for any resulting deficit.

 MANAGED PORTFOLIOS



CORE PORTFOLIOS

Professionally managed advisory solution that builds, monitors, and manages a
customized portfolio to help reach your financial goals. Learn more

Account market value Flat annual advisory fee $500+ 0.30%


BLEND PORTFOLIOS

Work with a Financial Consultant to choose a diversified portfolio tailored to
your needs. Learn more

Account market value (minimum of $25,000) Blended annual advisory fee First
$100,000 0.90% Next $150,000 0.80% Next $250,000 0.75% Next $500,000 0.70% Next
$1,000,000 and more 0.65%



FIXED INCOME PORTFOLIOS

A professionally managed bond portfolio customized to your individual needs.
Learn more

Account market value (minimum of $250,000) Blended annual advisory fee  
Laddered Portfolios First $1,000,000 0.45% Next $2,000,000 0.40% Next $1,000,000
and more 0.35%

The advisory fee is paid monthly in advance based on the managed portfolio’s
market value on the last business day of the previous billing month. No further
action is required on your part.

As the market value of the managed portfolio reaches a higher breakpoint, as
shown in the tables above, the assets within the breakpoint category are charged
a lower fee (a blend of the different tiered fee rates listed).

 OTHER FEES




INDEX OPTION FEE (IOF)

Underlying Symbol Description Fee Per Contract SPX S&P 500 Index $0.51 RUT
Russell 2000 Index $0.18 VIX CBOE Market Volatility Index $0.32 OEX S&P 100
Index (American-style exercise) $0.40 XEO S&P 100 Index (European-style
exercise) $0.40 DJX Dow Jones Industrial Average Index 1/100 $0.18

 

Please note IOF fees are subject to change.

The fees charged by E*TRADE related to a transaction for the account of Customer
are designed to offset third-party fees generally charged to E*TRADE in respect
of such transactions, including without limitation any regulatory or transaction
fee or tax, market center fee, clearing house fee or depository fee, assessed by
any regulatory authority, self-regulatory organization, market center, clearing
house, clearing agency or depository, including without limitation the SEC,
FINRA, any national securities exchange or other market center, DTC and NSCC.
E*TRADE shall have the right to determine such fees in its reasonable
discretion, and such fees may differ from or exceed the actual third-party fees
properly paid by E*TRADE in connection with any transaction. These differences
may be caused by various factors, including, among other things, the rounding
methodology used by E*TRADE, the use of allocation accounts and transactions or
settlement movements for which a fee may not be assessed, timing differences in
changes, third-party rate caps and floors, calculation errors and various other
anomalous reasons.

FINRA trading activity fee (TAF)
$0.000130* Section 31 fee $0.0000229**



* FINRA levies a Trading Activity Fee (TAF) for sales of covered securities that
we pass through to you. The FINRA TAF for sales of equity securities is
currently $0.000130 per share with a per-transaction cap of $6.49. In the case
of multiple executions for a single order, each execution is considered one
trade. For example, if you sell 1,000 equity securities the fee would be the
number of shares 1,000 multiplied by $0.000130 which equals $0.130. The FINRA
TAF for option sales is currently $0.00218 per contract. For example, if you
sell 100 options contracts, the fee would be the number of contracts 100
multiplied by $0.00218, which equals $0.218. The FINRA TAF for a covered
TRACE-eligible security (other than an asset-backed security) and/or municipal
security is $0.00082 multiplied by the number of bonds, with a maximum charge of
$0.82 per trade. For example, if you sell 100 bonds, then the fee would be
$0.082. Please note FINRA TAF Fees are subject to change.

** In addition to your regular commission, a separate transaction fee (equal to
the principal amount x $0.0000229) will apply to the sale of all equities,
options, and exchange-traded fund (ETF) securities. The fee, calculated as
stated above, only applies to the sale of equities, options, and ETF securities
and will be displayed on your trade confirmation. The transaction fee is a fee
collected by the United States Securities and Exchange Commission to recover the
costs to the Government for the supervision and regulation of the securities
markets and securities professionals. All fees will be rounded to the next
penny.

ACCOUNT ACTIVITY FEES

Check returned for insufficient funds $25 Electronic transfer returned for
insufficient funds $25 Reg T Call Extension $0 Reorganizations $38 for mandatory
actions (e.g., mergers, reverse stock splits)
$38 for voluntary actions (e.g., tender offers)
$50 for actions reflected on physical certificates Restricted securities custody
$150 Worthless securities processing $5 American Depositary Receipts (ADRs)
custody fee $.005—$.05 per share Financial transaction tax (FTT) Ordinary and
ADR

French companies
Effective December 1, 2012 all opening transactions in designated French
companies will be subject to the French FTT at a rate of 0.30% of the total
transaction cost

Italian companies
Effective January 1, 2014 all opening transactions in designated Italian
companies with a market capitalization greater than 500 million Euros will be
subject to the Italian FTT at a rate of 0.20% of the total transaction cost.


Spanish companies
Effective January 14, 2021 all Buy side trades in designated Spanish companies
with a market capitalization greater than 1 Billion Euros will be subject to the
Spanish FTT at a rate of 0.2% of the total Buy side cost.

Forced margin liquidation $25.00


A one-time fee applied when the custodian of a limited partnership is changed
from another brokerage firm to E*TRADE Securities.

Transfer agents and banks that sponsor ADRs are permitted to charge ADR holders
an annual custody fee. The fee is administered through the Depository Trust
Company (DTC) which typically will be subtracted from the gross dividend amount
payable and / or collected from E*TRADE Securities by the DTC and deducted from
your account if the ADR does not pay a dividend. The fee will be posted to your
monthly account statement and transaction history pages as "ADR Custody Fee."

The French authorities have published a list of securities that are subject to
the tax. The list is comprised of companies headquartered in France and whose
market capitalization exceeds EUR 1 billion as of January 1, 2012. E*TRADE is
obligated to collect and remit the FTT to the French authorities. Please note
companies are subject to change at anytime.

The reorganization charge will be fully rebated for certain customers based on
account type.

A forced margin liquidation fee occurs when E*TRADE Securities LLC liquidates a
position(s) on behalf of a customer in order to meet minimum margin account
balance requirements.

Forced margin liquidations may be subject to additional fees, including a broker
assisted trade fee and/or brokerage commission.

PAPER STATEMENT FEE

Paper statement fee You will be charged a $2.00 handling fee for each E*TRADE
Securities paper statement mailed to your address of record, unless an exemption
applies.   The $2.00 handling fee for paper account statements will be charged
to your account the month following the month for which you were mailed a paper
statement (the Trigger Month), unless any of the following apply by the last
business day of the Trigger Month: Exemptions: Account types   Customers
currently enrolled with electronic statements   Retirement and custodial
accounts   Global trading accounts   Other relationships with E*TRADE   Stock
plan accounts for current employees of current E*TRADE Financial Corporate
Services clients   Minimum balance   Customers with a combined value of $10,000
in cash and securities in linked E*TRADE Securities accounts   Customers with a
combined balance of $20,000 or more in linked E*TRADE Securities and Morgan
Stanley Private Bank accounts

SPECIAL REQUEST FEES

Overnight mail $20 Account transfers (outgoing) $25* for partial transfers
$75 for full transfers  Check copies $15 per copy  Check requests $10 per
request  Checkbook reorders $8.25 for 75 checks
(reorder fee waived for customers with $50,000 or more in combined E*TRADE
Securities and Morgan Stanley Private Bank accounts or who make at least 30
stock or options trades per quarter.) Stop payment requests $25 IRA premature
distributions $25 Stock certificate requests $500 per certificate  Foreign stock
certificate requests $250 per certificate  Wire transfers $0 incoming
$25 outgoing  Foreign currency disbursement fee Up to 300 basis point (3.00%).
Please click here Duplicate account statements or tax forms $5 per statement or
form (access these documents online) for free 

*Following a partial transfer, customers with a remaining account balance of
greater than $5,000 will not be charged the partial transfer fee.  


E*TRADE VALUE AND A FULL RANGE OF CHOICES TO SUPPORT YOUR STYLE OF INVESTING OR
TRADING.


AUTOMATE YOUR INVESTING

Core Portfolios are diversified portfolios selected by our Personalized
Investments strategy team and rebalanced as necessary using advanced technology.


Learn more arrow_forward


NO-LOAD, NO-TRANSACTION-FEE MUTUAL FUNDS

Choose from 4,400+ no-load, no-transaction-fee mutual funds.


SIMPLIFIED INVESTING,
ZERO COMMISSIONS

Take the guesswork out of choosing investments with prebuilt portfolios of
leading mutual funds or ETFs selected by our investment team.

Transaction fees, fund expenses, and service fees may apply.


GET UP TO $3,500 (PLUS $0 COMMISSIONS)1 LEARN HOW

For a limited time, receive a generous cash bonus when you open a new E*TRADE
brokerage or retirement account with a qualifying
deposit by June 30, 2022.

Use promo code: BONUS22
Open an account


ETRADE FOOTER



ABOUT US 

 * Company Overview
 * Investor Relations
 * Newsroom
 * Careers
 * Privacy
 * About Our Ads
 * Accessibility at E*TRADE

SERVICE 

 * Contact Us
 * FAQs
 * Forms and Applications
 * Financial Consultants

QUICK LINKS 

 * Open An Account
 * Fund My Account
 * Cash Management
 * Stock Plans
 * Executive Services
 * Refer a Friend
 * Security Center
 * Site Map

CONNECT WITH US

phone 800-387-2331

location_on Find a Branch

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--------------------------------------------------------------------------------



CHECK THE BACKGROUND OF E*TRADE SECURITIES LLC ON FINRA'S BROKERCHECK SEE
E*TRADE SECURITIES LLC AND E*TRADE CAPITAL MANAGEMENT, LLC RELATIONSHIP SUMMARY.

Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose Value

PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

BANKING PRODUCTS AND SERVICES ARE PROVIDED BY MORGAN STANLEY PRIVATE BANK,
NATIONAL ASSOCIATION, MEMBER FDIC.





IMPORTANT NOTE: Options and futures transactions are complex and involve a high
degree of risk, are intended for sophisticated investors and are not suitable
for all investors. For more information, please read the Characteristics and
Risks of Standardized Options and Risk Disclosure Statement for Futures and
Options before you begin trading options. Supporting documentation for any
claims made regarding options will be supplied upon request.





The fund's prospectus contains its investment objectives, risks, charges,
expenses and other important information and should be read and considered
carefully before investing. For a current prospectus, visit
www.etrade.com/mutualfunds or visit the Exchange-Traded Funds Center at
www.etrade.com/etf.





Prebuilt Portfolios are an educational tool and should not be relied upon as the
primary basis for investment, financial, tax-planning, or retirement decisions.
This tool provides a sample of possible ETF or mutual fund portfolios based on
varying degrees of market risk. These portfolios are not tailored to the
investment objectives of a specific investor. This educational information
neither is, nor should be construed as, investment advice, financial guidance or
an offer or a solicitation or recommendation to buy, sell, or hold any security,
or to engage in any specific investment strategy by E*TRADE. These prebuilt
portfolios may change at any time and E*TRADE will not notify you when such
changes are made.





Select the following link to view E*TRADE Futures LLC FUTURES DISCLOSURE
DOCUMENTS AND OTHER FINANCIAL INFORMATION.





Investing in securities involves risk, including possible loss of principal.
Past performance is not an indication of future results. Supporting
documentation for any claims will be provided upon request.



 1. E*TRADE charges $0 commission for online US-listed stock, ETF, and options
    trades. Exclusions may apply and E*TRADE reserves the right to charge
    variable commission rates. The standard options contract fee is $0.65 per
    contract (or $0.50 per contract for customers who execute at least 30 stock,
    ETF, and options trades per quarter). The retail online $0 commission does
    not apply to Over-the-Counter (OTC), foreign stock transactions, large block
    transactions requiring special handling, transaction-fee mutual funds,
    futures, or fixed income investments. Service charges apply for trades
    placed through a broker ($25). Stock plan account transactions are subject
    to a separate commission schedule. Additional regulatory and exchange fees
    may apply. For more information about pricing, visit etrade.com/pricing.
    
     
    
    E*TRADE credits and offers may be subject to US withholding taxes and
    reporting at retail value. Taxes related to these credits and offer are the
    customer’s responsibility. Cash credits for Individual Retirement Accounts
    are treated as earnings for tax purposes. E*TRADE and its affiliates do not
    provide tax advice.
    
    Offer valid for new E*TRADE Securities customers opening one new eligible
    retirement or brokerage account by 6/30/2022 and funded within 60 days of
    account opening with $5,000 or more. Promo code 'BONUS22'.
    
    New customer opening one account: These rules strictly apply to customers
    who are opening one new E*TRADE account, do not have an existing E*TRADE
    account and do not open any other new E*TRADE accounts for 60 days after
    enrollment in this offer. For other circumstances, please refer to the
    “Existing Customers or New Customers Opening More than One Account”
    disclosures below.
    
    Cash credits will be granted based on deposits of new funds or securities
    from external accounts made within 60 days of account opening, as follows:
    $5,000-$19,999 will receive $50; $20,000-$49,999 will receive $100;
    $50,000-$99,999 will receive $200; $100,000-$199,999 will receive $300;
    $200,000-$499,999 will receive $600; $500,000-$999,999 will receive $1,200;
    $1,000,000-$1,499,999 will receive $2,500; $1,500,000 or more will receive
    $3,500.
    
    Reward tiers under $200,000 ($5,000-$19,999; $20,000-$49,999;
    $50,000-$99,999; $100-000-$199,999) will be paid within seven business days
    following the expiration of the 60 day period. However, if you deposit
    $200,000 or more, you will receive a cash credit within seven business days,
    followed by any additional reward based on your fulfillment tier at the
    expiration of the 60 day period. If you have deposited at least $200,000 in
    the new account, and you make subsequent deposits in that account to reach a
    higher tier, you will receive a second cash credit following the close of
    the 60 day window. For example, if you deposit $250,000, you will receive a
    cash credit of $600 within seven business days, then if you deposit an
    additional $300,000 into your new account, you will receive an additional
    cash credit of $600 at the end of the 60 day window for a total reward of
    $1,200. If you deposit between $200,000 and $1,499,999 in your new account,
    you will receive a cash credit in two transactions at the end of the 60 day
    window—depending on your initial funding amount. If you deposit $1,500,000
    or more in your new account, you will receive two cash credits that will
    total $3,500 within seven business days. Cash credits will be paid to the
    account where the deposit is made.
    
    Existing customers or new customers opening more than one account are
    subject to different offer terms. Please click here to view offer terms.
    
    Offer rules for all participants: New funds or securities must be deposited
    or transferred within 60 days of enrollment in offer, be from accounts
    outside of E*TRADE, and remain in the account (minus any trading losses) for
    a minimum of twelve months or the cash credit(s) may be surrendered. For
    purposes of the value of a deposit, any securities transferred will be
    valued the first business day following completion of the deposit. Removing
    any deposit or cash during the promotion period (60 days) may result in
    lower reward amount or loss of reward. Any assets transferred from Morgan
    Stanley accounts to E*TRADE are not considered to be from accounts outside
    of E*TRADE and may not be included for purposes of offer eligibility or
    reward amount calculations, at E*TRADE’s sole discretion.
    
    If you are attempting to enroll in this offer with a Joint Account, the
    primary account holder may have to fulfill at the tiers noted before the
    secondary account holder can enroll in this offer. If you experience any
    issues when attempting to enroll with a Joint Account, please contact us
    at 800-387-2331 and we will be able to assist you with your enrollment.
    
    Offer limitations: Offer valid for existing E*TRADE Securities brokerage,
    Coverdell, and the following types of E*TRADE retirement accounts:
    Traditional IRA, Individual 401(k), Roth Individual 401(k), Roth IRA,
    Rollover IRA, Beneficiary Roth IRA, and Beneficiary Traditional IRA
    
    This offer is not valid for any business (incorporated or unincorporated)
    accounts, other E*TRADE Securities retirement account types (SEP IRA, SIMPLE
    IRA, retirement accounts for minors, profit sharing plans, money purchase
    pension plans and investment only noncustodial retirement plans, Beneficiary
    IRA Estate, Beneficiary IRA Trust, Beneficiary Roth IRA Estate, Beneficiary
    Roth IRA Trust), accounts designated pattern day trader status, E*TRADE
    Capital Management, E*TRADE Futures, and Morgan Stanley Private Bank,
    National Association accounts. Excludes non-U.S. residents, and residents of
    any jurisdiction where this offer is not valid. You must be the original
    recipient of this offer to enroll. Customers may only be enrolled in one
    offer at a time. Cannot be combined with any other offers.
    
    E*TRADE Securities reserves the right to terminate this offer at any time.
    
    Consolidation is not right for everyone, so you should carefully consider
    your options. Before deciding whether to retain assets in a retirement plan
    account through a former employer, roll them over to a qualified retirement
    plan account through a new employer (if one is available and rollovers are
    permitted), or roll them over to an IRA, an investor should consider all his
    or her options and the various factors including, but not limited to, the
    differences in investment options, fees and expenses, services, the
    exceptions to the early withdrawal penalties, protection from creditors and
    legal judgments, required minimum distributions, the tax treatment of
    employer stock (if held in the qualified retirement plan account), and the
    availability of plan loans (i.e., loans are not permitted from IRAs, and the
    availability of loans from a qualified retirement plan will depend on the
    terms of the plan). For additional information, view the FINRA Website.
    
    If you have multiple IRAs at E*TRADE or at other financial institutions, the
    annual contribution limit applies to contributions made to all of your IRAs
    (traditional and Roth IRAs) combined which can impact your ability to make a
    contribution to an IRA for the current tax year.  Before making a
    contribution, check your other IRAs and refer to the Contribution Limits
    Table for more details.
    
    E*TRADE Securities LLC and its affiliates do not provide tax advice, and you
    should always consult your own tax advisor regarding your personal
    circumstances before taking any action that may have tax consequences.
    
    This offer neither is, nor should be construed as a recommendation or
    solicitation to buy, sell, or hold any security, financial product or
    instrument or to open a particular account or engage in any specific
    investment strategy.

Prior to investing in a managed portfolio, E*TRADE Capital Management will
obtain important information about your financial situation and risk tolerances
and provide you with a detailed investment proposal, investment advisory
agreement, and wrap fee programs brochure. These documents contain important
information that should be read carefully before enrolling in a managed account
program. Please read the E*TRADE Wrap Fee Programs Brochure for more information
on the advisory fee, rebalancing methodologies, portfolio management,
affiliations, and services offered.





Securities products and services offered by E*TRADE Securities LLC, Member SIPC.
Investment advisory services offered by E*TRADE Capital Management, LLC, a
Registered Investment Adviser. Commodity futures and options on futures products
and services offered by E*TRADE Futures LLC, Member NFA. Stock plan
administration solutions and services offered by E*TRADE Financial Corporate
Services, Inc. Banking products and services are provided by Morgan Stanley
Private Bank, National Association, Member FDIC. All are separate but affiliated
subsidiaries of Morgan Stanley.

System response and account access times may vary due to a variety of factors,
including trading volumes, market conditions, system performance, and other
factors.

Statement of Financial Condition | About Asset Protection | Account Agreements
and Disclosures | Quarterly 606 Report | Business Resiliency Plan

©2022 E*TRADE from Morgan Stanley. All rights reserved. E*TRADE Copyright Policy



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