Help Center

  • Is there a fee to close my account?

    Swell does not charge any fees to withdraw funds or close your account.

    Because fees are charged in arrears (which means we collect fees at the end of the month), when you close your account, you are charged an advisory fee on a pro rata basis based on the number of days your account was open during the calendar month in which you close your account.

  • What is a Self Regulatory Organization (SRO) Fee?

    Certain regulators impose transaction fees to cover their costs of regulating the brokerage industry. The fees are passed through to customers as part of normal transaction processing. These fees will appear as a line item as an SRO Fee on your statement. The fee is levied on all security sales. The current rate is $23.10 for every $1,000,000 in sales proceeds. For a rough calculation of this fee, multiply your sales proceeds by 0.0000231.

    For Example:

    Sale Proceeds: $1,000

    Current SRO Fee Rate = 0.0000231

    Total SRO Fee = $0.02 ($1,000 * 0.0000231 = $0.0231)

    ***SRO fee rate is adjusted semi-annually. Rates shown as of April 2018. The fee is rounded up to the nearest penny.***

  • Does Swell charge trading commissions on its accounts?

    No, rest assured, there are no commissions for trades made in your Swell account. The only fee you pay is our annual advisory fee.

  • Are there any other fees?

    In addition to Swell’s fee, and the SRO fee, you may incur other charges imposed by third-party financial institutions with whom you're already working (i.e., where your 401(k) is held if you're doing a rollover). Please remember to read the fine print from the other guys. These additional costs may include: reporting charges (where your financial institution is required to send paper statements), transferring taxes, wire transfer, and any electronic fund fees. 

  • How are my fees deducted from my account? (How am I going to be billed?)

    You’ll be billed at the end of each month based on the average daily balance of your Swell account from the preceding month. Swell keeps a small amount of cash (0.25%) in each portfolio which is used to pay for your Swell advisory fees. All cash held in portfolios is in an interest-bearing account and is FDIC-insured.