Schedule of Fees and Service Charges
Updated October 2023
Baird’s account fees and service charges are based on account type or service requested. This pricing information supersedes any prior pricing details and notices, and Baird reserves the right to change a fee upon notice. Other fees may apply. Please note that Baird's commission schedule is available upon request from your Baird Financial Advisor.
If you have additional questions, please contact your Baird Financial Advisor.
Annual Fees - Households with <$100K in Total Assets with Baird
Note: View additional information on the Disclosures tab.
| The following fees apply to households with < $100K in total assets with Baird: | |
| Individual Retirement Account (IRA)1, 2 | |
| First IRA per Household | $60 |
| Each Additional IRA per Household | $50 |
| Coverdell Education Savings Account | $25 |
| Cash Management Standard | $150 |
| Account Service Fee3 | $150 |
Annual Fees - CRT Households
Note: View additional information on the Disclosures tab.
| The following fees apply to applicable households serviced by Baird’s Client Relationship Team: | |
| CRT Administrative Reporting Fee9 | $125/Account |
Other Fees
Note: View additional information on the Disclosures tab.
| Client Service | |
| Stop Payment (checks issued by Robert W. Baird & Co.) |
$25 |
| Returned Check / Overdraft Fee | $25 |
| Late Payment4 or Prepayment4 | Margin Interest Rate ($10 min.) |
| Wire Transfers: | |
| Domestic | $25 |
| International (U.S. Dollars) | $50 |
| International (Foreign Currency) | $100 |
| Account Transfer/Closing5 | $150 |
| IRA Termination Fee | $150 |
| Lost Certificate Fee | 2% of Market Value Plus Any/ All Agent Fees |
| Precious Metals: Received or Delivered | All Agent Fees |
| Treasury and GNMA Deposits | $50 per Certificate |
| Order Handling Fee 6 | $7.50 |
| Regulatory Transaction Fee 7 | 0.00221% of Trade Principal Amount (applies only to sales) |
| No Load Mutual Fund Purchases & Exchanges | $100 |
| Collateral Account Set Up Fee | $100 |
| Trades Done Away From Baird | $100 |
| Client Document Research | $50 Min. per Account |
| Direct Registration Transfers /DRS (outgoing) | $25 |
| Register and Ship (book entry to certificate) | $525 |
| Physical Reorganization8 | $100 |
| Date-of-Death Valuations | $50 |
| Cash Management Program | |
| Business Checks (Qty. 250) | $60 |
| Returned Check | $25 |
| Stop Payment | $10 |
| Overnight Checks | Card | $40 | $60 |
| Check Copy | $2 |
| Foreign Securities | |
| Physical Deposit | $100 |
| Physical Withdrawal | $250 |
| Incoming and Outgoing Account Transfer (ACAT) | All Agent Fees |
| Stock Dividend | All Agent Fees |
Related Disclosures
Scroll this page to view all related disclosures.
1Annual IRA Fees are waived for 1) any IRA established as an Advisory or Advisory Choice account provided the minimum account value requirement is met, 2) all IRAs in statement households (Baird + networked) having less than $100,000 in total assets, where the household incurred at least $500 in fees/commissions for the trailing 12-month period ending on September 30.
2The annual fee for each additional Traditional or Roth IRA will be waived for statement households having less than $100,000 in total assets provided you deposit a new rollover contribution of at least $6,000 or “fully fund” your IRA ($6,000 contribution) by December 31 each year.
3Baird charges a $150 annual account service fee for select accounts in statement households (Baird + Networked) with less than $100,000 in total household assets as of the last business day of October. Each account subject to the fee within these households will be charged the annual account service fee in December. Accounts outside of statement households will be considered independent households for the assessment of the fee, subject to the household asset minimum. The following types of accounts are exempt from the Account Service Fee:
- IRAs
- Coverdell ESAs
- 529 College Savings Plans
- Health Savings Accounts
- UTMAs/UGMAs
- Delivery Versus Payment (DVP)
- Charitable accounts
- Accounts that maintain margin balances
- Accounts paying the annual Cash Management Standard fee
- Accounts that are part of a statement household that paid $500 or more in commission per account over the 12 months immediately prior to the cutoff date will be exempt from the account service fee
- Accounts that are part of a statement household containing at least one advisory or BairdNext account are exempt from the Account Service Fee.
- Employee Stock Option and Stock Purchase Plan accounts that are part of a negotiated corporate relationship
- Accounts that are part of a statement household that was opened after June 1 of the previous year
- Accounts holding only networked annuities
- Zero balance accounts
4If sufficient funds or securities are not received for a trade by settlement date or funds are requested prior to settlement date of a liquidation, Baird reserves the right to charge interest to the account in accordance with Baird’s established custom. Interest charges will accrue from settlement date for the transaction until full and final payment is made or from the day funds are paid out of the account until settlement date of the liquidation. Visit rwbaird.com/loanrates for complete margin rate information. Rates are subject to change without notice.
5The closing fee is waived for Coverdell Education Savings Accounts that are closed as a result of the assets having been withdrawn according to the account’s intended purpose.
6The order handling fee compensates Baird for handling, processing, clearing and settling the securities trade, generating trade confirmations and any other indirect trading costs incurred by Baird. The order handling fee is included in the amount shown on the Commissions/Fees line item on the trade confirmation. The order handling fee does not vary by the size or amount of the trade. The order handling fee is not charged on trades effected for fee-based advisory accounts.
7The regulatory transaction fee is charged on certain transactions, such as the sale of exchange-traded securities, including sale of options and exercise of put options and assignment of call options, to recoup amounts that Baird must pay to self-regulatory organizations and exchanges (“SROs”) on such transactions to cover assessments imposed on SROs by the SEC under Section 31 of the Securities Exchange Act of 1934. The regulatory transaction fee is subject to changes when the SEC changes its Section 31 assessments, which generally occurs annually. The fee appears on the Transaction Fee line item on the trade confirmation.
8The physical exchange of one certificate for another as part of a reorganization activity; only applies to certificates in customer name.
9Baird charges a $125 administrative reporting fee for accounts in households service by the CRT. Each account subject to the fee within these households will be charged the annual administrative reporting fee in December. Accounts are exempt from the administrative reporting fee if they elect electronic delivery of statements, confirms and client communications via Baird Online by the last business day in October of each year.