A minimum investment applies within the various investment management programs. There may be other costs associated with investment management programs, including but not limited to: exchange fees, transfer taxes, interest expense, trade surcharges, and closing costs. Ask a Stifel Financial Advisor for a Disclosure Brochure, which further outlines the fees, services, exclusions, and disclosures associated with these programs. You should consider all terms and conditions before deciding whether a particular program is appropriate for your needs.
For programs that involve mutual funds and/or exchange traded funds, investors should consider a fund's investment objective, risks, charges, and expenses carefully before investing. Prospectuses for mutual funds and exchange traded funds offered in the program are available through your Financial Advisor and include this and other important information. You should read the prospectus carefully before investing. The investment return and principal value will fluctuate; and an investor's shares, when redeemed, may be worth more or less than their original cost.
ETFs trade throughout the day like a stock and may trade for less than their net asset value. Mutual funds charge advisory fees and other internal expenses that are separate and distinct from the annual fee charged by Stifel.