[TrudyM]

Originally Posted by jrheydt

I have a bunch of mutual funds at Merrill Lynch and just received a notice that I have a $125 annual fee to pay. I don't recall ever having to pay an annual fee but it could have been taken out of my account cash or money account before but there wasn't enough in there this time so they sent me a bill for the balance of $56.

Is this type of payment normal?

John

IN my limited experience, I found different firms have different annual fees and they don't charge the same annual fees for all their clients either. If you have a large account or are householding with other accounts (ie many family members or trust accounts with the same broker) they sometimes wave the fees but this is something the broker sets up. Some charge depending on activity in the accounts. Ie if your investments are in funds that are no load and you are not trading stocks much then they aren't making commissions and they charge you if they are trading a lot in your account the broker can wave the fees. Talk to your broker and find out if something can be done. I get charged $85 every year on my Morgan Stanley account but the broker then credits it back to my account but I am householding with a lot of other family members that gives me some perks.