USAA Investment Trust/Estate Account Application

Transcription

1 P.O. Box San Antonio, Texas USAA Investment Trust/Estate Account Application STEP 1: Verify and complete all applicable sections of the application. Make changes to incorrect information directly on this application. STEP 2: Return completed, signed and dated application in its entirety and required documents (if applicable) to USAA Investment Management Company (IMCO). Account Type (Select One) M Trust A Certificate/memorandum of Trust is NOT acceptable for new Trust accounts in lieu of trust document pages. Provide a copy of ONLY the following trust document pages containing the following: (1) Name/date of trust (2) Names of current trustees, trustors, and successor trustees (3) Signature pages M Estate NOTE: If Trust has its own tax identification number (EIN), provide a copy of the IRS EIN Issuance Confirmation Letter (CP-575 Notice) or Replacement Confirmation Letter (Letter 147c). Additional information may be requested. Provide copies of only the following estate documents: (1) Copy of death certificate (2) Administrator papers, or letters of testamentary Personal Information (Required) 1. Trust/Estate Information NOTE: If Estate has its own tax identification number (EIN), provide a copy of the IRS EIN Issuance Confirmation Letter (CP-575 Notice) or Replacement Confirmation Letter (Letter 147c). Additional information may be requested. Name of Trust/Estate Trust/Estate Creation Date (mm/dd/yyyy) Physical Address (If different from person listed in Section 2, P.O. Box cannot be accepted.) City State Zip Code Mailing Address (if different) City State Zip Code Tax ID Number or Social Security Number (required) Is this trust/estate organized under U.S. state or federal law? Yes No If yes, please specify state If no, please specify country of organization Estates are not required to answer the following; skip to Section 2 Trustee/Executor Yes No Yes No Yes No Yes No Is the trust a business trust? Is the trust a broker/dealer? If yes, are you a U.S. broker/dealer Foreign broker/dealer (A broker/dealer organized under foreign law or an agency, branch or office located outside the United States of a U.S. broker/dealer.) Is the trust a bank? If yes, are you a U.S. bank Foreign bank (A bank organized under foreign law or an agency, branch or office located outside the United States. This doesn t include an agent, agency, branch or office within the United States of a bank organized under foreign law.) Is the trust a foreign branch of a U.S. financial institution? USAA Financial Advisors, Inc. m USAA (8722) m Fax m usaa.com Page 1 of

2 Yes No Yes No Yes No Is the trust a business organized under a foreign law that, if it were located in the U.S., would be a securities, broker/dealer, futures commission merchant, introducing broker in commodities, or a mutual fund? Is the trust a money transmitter or currency exchanger organized under foreign law? Does the trust offer correspondent accounts to other financial institutions? (A correspondent account is an account established to receive deposits from or make payments on behalf of a financial institution, or handle other financial transactions related to such institution.) If so, select the type of financial institution. Domestic (U.S.) Foreign Both If the trust provides correspondent accounts to foreign financial institutions, does the trust perform trades in its USAA investment and/or mutual fund account(s) on behalf of any or its foreign financial institution correspondent customers? If yes, please provide us with a list of the investment and/or mutual fund account(s) numbers in which trades are performed for the benefit of your foreign financial institution correspondent customers. Yes No Is the trust a financial institution that is not described above? If yes, please describe the type of financial institution. Yes No Yes No Yes No Does the trust maintain a physical presence and perform business functions at the address listed above? Does the trust employ individuals on a full-time basis? Does the trust maintain operating records related to its business activities? 2. Trustee/Executor USAA Number Social Security Number (required) Date of Birth (mm/dd/yyyy) First Name MI Last Name Suffix Physical Address (P.O. Box cannot be accepted.) City State Zip Code Mailing Address (if different) City State Zip Code Residence Phone Number (include area code) Business Phone Number (include area code) Address Employment Status Employed Retired Not Employed If you selected Retired or Not Employed above, please select a primary source of income: 401K Social Security Pension TSP Savings/Investments Inheritance Other If you selected Employed above, please provide your employer name and address: Employer s Name Occupation Employer s Address City State Zip Code Page 2 of 8

3 Are you a senior foreign political figure or family member or associate of a senior foreign political figure? Yes No If yes, senior foreign political figure s name Are you a U.S. citizen? Yes No If non-u.s. Citizen, indicate Residence Status: Resident Alien Non-resident Alien If non-resident alien, please call If Resident Alien, please specify country of citizenship U.S. Permanent Resident Card Number (Required) Passport number issued by country of citizenship (Optional) AND provide the following: Expiration Date Expiration Date Company Affiliations Are you associated with or employed by a stock exchange, municipal securities dealer, securities broker or dealer (other than the USAA Investment Management Company (IMCO) or USAA Financial Advisors, Inc. (FAI)), or by the Financial Industry Regulatory Authority (FINRA)? If you are associated with a FINRA member firm other than IMCO or FAI, you must obtain the prior written consent of that firm before you can open or otherwise establish with FAI any account in which securities transactions can be effected and in which you have a beneficial interest. Yes No If yes, firm name: Are you, your spouse, or any member of the household affiliated with a publicly traded company under SEC Rule 144 as a: Director Policy Maker 10% or greater Shareholder If yes, Company Name: Company Symbol/CUSIP: 3. Co-Trustee/Co-Executor If more than two trustees/executors, attach additional names and include information requested in this section. USAA Number Social Security Number (required) Date of Birth (mm/dd/yyyy) First Name MI Last Name Suffix Physical Address (P.O. Box cannot be accepted.) City State Zip Code Mailing Address (if different) City State Zip Code Residence Phone Number (include area code) Business Phone Number (include area code) Address Employment Status Employed Retired Not Employed If you selected Retired or Not Employed above, please select a primary source of income: 401K Social Security Pension TSP Savings/Investments Inheritance Other If you selected Employed above, please provide your employer name and address: Employer s Name Occupation Employer s Address City State Zip Code Page 3 of 8

4 Are you a senior foreign political figure or family member or associate of a senior foreign political figure? Yes No If yes, senior foreign political figure s name Are you a U.S. citizen? Yes No If non-u.s. Citizen, indicate Residence Status: Resident Alien Non-resident Alien If non-resident alien, please call If Resident Alien, please specify country of citizenship U.S. Permanent Resident Card Number (Required) Passport number issued by country of citizenship (Optional) AND provide the following: Expiration Date Expiration Date Company Affiliations Are you associated with or employed by a stock exchange, municipal securities dealer, securities broker or dealer (other than the USAA Investment Management Company (IMCO) or USAA Financial Advisors, Inc. (FAI)), or by the Financial Industry Regulatory Authority (FINRA)? If you are associated with a FINRA member firm other than IMCO or FAI, you must obtain the prior written consent of that firm before you can open or otherwise establish with FAI any account in which securities transactions can be effected and in which you have a beneficial interest. Yes No If yes, firm name: Are you, your spouse, or any member of the household affiliated with a publicly traded company under SEC Rule 144 as a: Director Policy Maker 10% or greater Shareholder If yes, Company Name: Company Symbol/CUSIP: 4. Financial Information (All the information below is required by industry regulations.) Annual Income Net Worth Liquid Assets Tax Bracket Primary Investment Objective (Select One) $0 - $24,999 $25,000 - $49,999 $50,000 - $99,999 Over $100,000 $ (combined for joint owners) $0 - $34,999 $35,000 - $49,999 $50,000 - $249,999 $250,000 and over $ Approximate Net Worth excluding primary residence (combined for joint owners) $0 - $9,999 $10,000 - $19,999 $20,000 - $99,999 $100,000 and over $ Total assets that are cash or are easily converted to cash for all account owners. 10% 12% 22% 24% 32% 35% 37% Capital Preservation Growth Income Page 4 of 8

5 Account Servicing Instructions 5. Uninvested Cash/Core Account Your core account is used for processing cash transactions and for holding cash awaiting reinvestment or withdrawal. The USAA Treasury Money Market Trust will be your core account investment vehicle. Please refer to the Customer Account Agreement for more information regarding uninvested cash and your core account. 6. Dividends Select one of the following options to handle dividends from all eligible securities. NOTE: If you make no selection, dividends will be held as cash. Hold as uninvested cash, in the core account selected in Section 5, Uninvested Cash/Core Account. Reinvest dividends of all eligible securities. 7. Banking Information Provide banking information to allow for Electronic Funds Transfer (EFT) services through a standing instruction. (Select One) Checking Savings Name of Financial Institution Name of Account Owner(s) Type of Account Transit Routing Number (The nine-digit number in lower left corner of check) Account Number NOTE: Bank Account Owner name(s) and this investment account owner name(s) should be identical. 8. Account Funding - Minimum initial investment is $3,000. $ Initial Investment/Transfer Amount M Electronic Funds Transfer (EFT) from the account listed in Section 7, Banking Information. M Check $ NOTE: Make checks payable to USAA Investment Management Company (IMCO). M Transfer entire account from an existing USAA non-retirement investment account number. NOTE: All cash and securities will be transferred. M Transfer partial account from an existing USAA non-retirement investment account number. List the cash amount and each security and share amount you want to transfer in-kind. Cash Total Cash or Partial Cash: $ Securities Stock ticker symbol (i.e. XYZ Stocks) Shares or M All Shares Stock ticker symbol (i.e. XYZ Stocks) Shares or M All Shares Stock ticker symbol (i.e. XYZ Stocks) or M All Shares M Transfer from another financial institution. After your account is established, you may initiate your transfer on usaa.com on the Investments/Transfer Non-USAA Investment Account section or you may contact us for assistance. Shares NOTE: If you want to transfer additional securities please include a separate letter of instruction signed by all account owners on the sending account. Page 5 of 8

6 9. Trusted Contact By choosing to provide information about a Trusted Contact person, you authorize us to contact the Trusted Contact person listed below and disclose information about your products and services at USAA (including, but not limited to, securities, insurance, banking, financial planning, or any financial information you have provided to USAA) to that person in the following circumstances: to address possible financial exploitation; to confirm the specifics of your current contact information, health status, or the identity of any legal guardian, executor, trustee or holder of a power of attorney; to help prevent your account from being declared abandoned or unclaimed if USAA is unable to locate you; or as otherwise permitted by FINRA Rule 2165 (Financial Exploitation of Specified Adults). Completing this application does not in and of itself give the Trusted Contact the ability to transact on any account or policy that you may have with USAA. Consider choosing a Trusted Contact who does not already have the ability to be contacted about the products and services you have with USAA. Note that you should not name an existing power of attorney as a Trusted Contact. Your Trusted Contact selection here applies to all of your accounts and policies held at USAA. Accordingly, selecting No on this form will remove an existing Trusted Contact for all of your accounts and policies with USAA. Trustee/Executor - I would like to add a Trusted Contact person age 18 or older? Yes No First Name MI Last Name Suffix Mailing Address City State Zip Code Country Phone Number (include area code) Address Relationship to Trustee/Executor in Section 2. Co-Trustee/Co-Executor - I would like to add a Trusted Contact person age 18 or older? Yes No First Name MI Last Name Suffix Mailing Address City State Zip Code Country Phone Number (include area code) Address Relationship to Co-Trustee/Co-Executor in Section 3. Read and Sign In the section below, NFS, us, and we refer to National Financial Services LLC and its officers, directors, employees, agents, affiliates, shareholders, successors, assignees, and representatives as the context may require; you refers to the account owner(s) indicated on the account form and any authorized individuals; you refers to all account owner(s) collectively and individually; Broker/Dealer refers to the correspondent servicing your account. USA PATRIOT Act Notice: To help the government fight the funding of terrorism and money laundering, federal law and contractual obligations between your Broker/Dealer and us require us to obtain your name, date of birth, address and a government-issued id number before opening your account, and to verify the information. In certain circumstances, we may obtain and verify comparable information for any person authorized to make transactions in an account or beneficial owners of certain entities. Additional documentation is required for certain business entity accounts and other organizations. Your account may be restricted if we or your Broker/Dealer cannot obtain and verify this information. We or your Broker/Dealer will not be responsible for any losses or damages (including, but not limited to, lost opportunities) that may result if your account is restricted or closed. Trusted Contact Disclosure: A Trusted Contact, as used herein, is a person, aged 18 or older, whom you designate USAA to contact in the event that USAA has certain questions about you, as described below. By designating a Trusted Contact above, you expressly authorize USAA to contact the Trusted Contact person and disclose information about your products and services at USAA (including, but not limited to, securities, insurance, banking, financial planning, or any financial information you have provided to USAA) to that person in the following circumstances: to address possible financial exploitation; to confirm the specifics of your current contact information, health status, or identity of any legal guardian, executor, trustee or holder of a power of attorney; to help prevent your account from being declared abandoned or unclaimed if USAA is unable to locate you; or as otherwise permitted by FINRA Rule 2165 (Financial Exploitation of Specified Adults). Please note that USAA is limited in its ability to detect whether one or more of the life events listed above has occurred for you. Interactions between USAA and its clients are limited in duration and generally occur telephonically or online. You may either amend your Trusted Contact designation or terminate USAA s ability to contact a Trusted Contact person at any time by completing the Trusted Contact Authorization Form. By designating a Trusted Contact you acknowledge that it is your responsibility to update Trusted Contact information as necessary, should the Trusted Contact person s contact information change. Page 6 of 8

7 By signing below, you: Affirm that you are at least 18 years of age and are of full legal age in the state in which you reside, and you are authorized to enter into this agreement. Affirm that the Trust has not been revoked, modified, or amended in any manner that would cause the statements contained in this Trust certification to be incorrect. Affirm that the Trust exists under all applicable laws. Affirm that you have the authority under the Trust and applicable law to enter into transactions, delegate trading authorization to the other authorized individuals, issue instructions on this account for, and at the risk of, the Trust, and agree that any transactions and instructions will be in full compliance with the Trust. If allowed for by the provisions of the Trust, one or more of the Trustees listed on this form may in fact be a Power of Attorney (POA). The POA will be referred to as a Trustee throughout this document and will be subject to the same terms and conditions contained herein. Authorize your Broker/Dealer to accept orders and other instructions for this account from any Trustee and/or any other authorized individual or entity. This includes the authority to deliver any or all assets in the account to any Trustee (personally or otherwise), or according to any Trustee s instructions We or your Broker/Dealer, at our option and for our protection, may require approval of other Trustees before acting on any such order or instruction. Affirm that you have received, read, understand, and agree to the current terms of Customer Account Agreement and the account features you selected and agree to future amendments to these terms and request that you accept one or more accounts in my name. Understand that unless you provide written notice to the contrary, your Broker/Dealer may supply your name to issuers of securities held in your account so you can receive important information regarding such securities. M Do not disclose. Represent and warrant that if you have not checked the boxes for Company Affiliations, you are not affiliated with or employed by a stock exchange, the Financial Industry Regulatory Authority, or a Broker/Dealer and you are not a control person or affiliate of a public company under SEC Rule 144 (such as a director, 10% shareholder, or a policymaking officer), or an immediate family or household member of such a person. You further represent that you are not a designated large trader pursuant to SEC Rule 13h-1. In the event that any of the foregoing representations is inaccurate or becomes inaccurate, you agree to promptly notify your Broker/Dealer. Affirm that you have also read, understand, and agree to the terms of the applicable prospectus for any mutual fund that you purchase or exchange and into which you have funds transferred or invest, including any mutual fund that serves as your core account investment vehicle, and that you agree to future amendments to these terms. Have instructed your Broker/Dealer to establish, as your agent, an account with us. You have appointed your Broker/Dealer as your exclusive agent to act for and on your behalf with respect to all matters regarding your account with us, including the placing of securities purchase and sale orders; to act in all respects in connection with your core account investment vehicle; and, provided margin and/or options trading have/has been approved, delivery of margin and option instructions for your account. No fiduciary relationship exists with us. Understand that we will look solely to your Broker/Dealer and not you with respect to such orders or instructions, and we are instructed to deliver confirmations, statements, and all other notices, including margin maintenance calls, if applicable, to your Broker/Dealer. Any such communications delivered to your Broker/ Dealer shall be deemed to have been delivered to you. You agree to hold us harmless from and against any losses, costs, or expenses arising in connection with the delivery or receipt of any such communication(s), provided we have acted in accordance with the above. The foregoing shall be effective until written revocation is received by us and your Broker/Dealer. Authorize us and your Broker/Dealer to initiate electronic transactions to, from, or between the financial institution accounts as set forth above, including transactions that may be necessary to correct any errors. You understand that this account information will be stored and will be available for future transactions, including transactions you request by phone or through usaa.com. You understand that EFT services are automatically included when you sign up for an Automatic Investment Plan. Authorize us and your Broker/Dealer to debit your account at the financial institution as set forth above. If the amount set forth above is between $20 and $500, you authorize your Broker/Dealer to accept your instructions, whether in writing, by telephone, or on usaa.com, to change the amount, frequency, and date of the recurring debit, including debits that may be necessary to correct any errors. If the amount of the debit exceeds $500, your Broker/Dealer will provide a written confirmation of the change to the recurring debit at least 10 days before the effective date of the changed debit amount, date of the recurring debit, or frequency. You agree that automated credit entries to your account and debits from your account at the financial institution named above will constitute receipt and acceptance of the transaction. If you instruct your Broker/Dealer to change the amount, frequency or date of the electronic debit, you waive the right to receive notice of the change if the amount of the debit is no less than $20 and no more than $500. Understand that the EFT authority provided in this document will remain in effect until you notify your Broker/Dealer to terminate the authority and give your Broker/Dealer reasonable opportunity to act on the notice of termination. You acknowledge that the origination of ACH transactions to your account must comply with U.S. law. Understand that the securities purchased or sold in your account are not deposits in, or obligations of or guaranteed by, USAA Federal Savings Bank or any other bank; are not insured or guaranteed by the FDIC or any other government agency; and are subject to investment risks, including possible loss of the principal invested. Important Information Regarding Escheatment. The property within your account, including mutual fund shares, cash, securities or other assets may be transferred to the appropriate state if no activity occurs or if statements and confirmations of your account activity prove undeliverable, within time periods specified by state law. Authorize USAA and its affiliates to share information about my accounts and policies held at USAA with the named Trusted Contact identified above. I understand that this Trusted Contact authorization supersedes any prior Trusted Contact authorization I have submitted. I understand that there is no requirement that USAA reach out to my Trusted Contact and that USAA will reach out to my Trusted Contact at USAA s sole discretion, unless otherwise required by law or regulation. I may withdraw this Trusted Contact Authorization at any time by notifying USAA in writing at the address shown on my account or policy statement. By signing below, I and my heirs release USAA from any liability and hold USAA harmless for contacting a Trusted Contact, failing to contact a Trusted Contact, or any actions relating to contact with a Trusted Contact, without limitation. Page 7 of 8

8 Applications without a signature and date, and/or Social Security Number or Tax Identification Number will not be accepted until the signature or other required information is provided. Taxpayer Identification Number/Backup Withholding Certification (Selection May be Required) Under penalties of perjury, I certify that: 1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and 2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding; and 3. I am a U.S. citizen or other U.S. person; and 4. The Foreign Account Tax Compliance Act (FATCA) code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct (not applicable) Certification instructions. You must check this box M if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. For instructions, see page 3 of IRS Form W-9. This account is governed by a predispute arbitration clause which is located on page 9, paragraph 1 of the Customer Account Agreement. You acknowledge that you have read, understood and agreed to the terms of the predispute arbitration clause. x Signature of Trustee/Executor The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup withholding. x Signature of Co-Trustee/Co-Executor Date (mm/dd/yyyy) Date (mm/dd/yyyy) Printed Name of Trustee/Executor Printed Name of Co-Trustee/Co-Executor Brokerage accounts are introduced and brokerage services provided by USAA Financial Advisors, Inc. (FAI) and USAA Investment Management Company (IMCO), both registered broker-dealers, Members SIPC. Clearing, custody and other services provided by National Financial Services LLC (NFS), Member NYSE, SIPC. Page 8 of 8

9 USAA Investment Management Company USAA Financial Advisors, Inc. USAA Financial Planning Services Insurance Agency, Inc. USAA Federal Savings Bank Updated ERISA Section 408(b)(2) Disclosure (for ERISA plans other than 403(b) and 403(b)(7) plans) dated April 2017 This is an updated version of the information which we are required to provide to you, if you are a fiduciary for an employee benefit plan ( Plan ) that is subject to the Employee Retirement Income Security Act of 1974 ( ERISA ) who is responsible for your Plan s overall arrangement with USAA Investment Management Company, USAA Financial Advisors, Inc., USAA Financial Planning Services Insurance Agency, Inc., and/or USAA Federal Savings Bank (collectively, the USAA Service Providers ), as applicable. The USAA Service Providers are affiliates. Under the U.S. Department of Labor ( DOL ) regulation on reasonable contracts or arrangements under ERISA Section 408(b)(2) ( 408(b)(2) regulation ), covered service providers are required to provide a responsible Plan fiduciary with certain information about the services they provide to the Plan and related compensation, including direct and indirect compensation they receive for such services. One or more of the USAA Service Providers may be a covered service provider with respect to your Plan. If you are not a responsible Plan fiduciary, this document nevertheless provides information that may be helpful to you. This document describes information about fees and other compensation the USAA Service Providers reasonably expect to receive in connection with services provided to your Plan and is intended to comply with the 408(b)(2) regulation. You may obtain additional information by calling USAA (8722). I. SERVICES UNDER CONTRACT OR ARRANGEMENT WITH PLAN AND STATUS USAA Investment Management Company ( IMCO ) Brokerage Services IMCO acts as an introducing broker-dealer to Plan clients. More information about IMCO s brokerage services is contained in your brokerage agreement. Investment Advisory Services IMCO also provides investment advisory services to individuals and other entities through its USAA Managed Portfolios - UMP ( UMP or the Wrap Program ). IMCO may choose USAA Asset Management Company ( AMCO ) or one or more third-party investment advisers to provide certain sub-advisory services in connection with UMP. More information about UMP is contained in your UMP Investment Advisory Agreement and Brochure (Form ADV). IMCO provides its advisory services in its capacity as an investment adviser registered under the Investment Advisers Act of 1940 ( Advisers Act ) and as an ERISA fiduciary. USAA Financial Advisors, Inc. ( FAI ) Brokerage Services FAI acts as an introducing broker-dealer to Plan clients. More information about FAI s brokerage services is contained in your brokerage agreement and can also be obtained by calling USAA (8722). USAA Financial Planning Services Insurance Agency, Inc. ( FPS ) Investment Advisory Services FPS provides financial planning and related account review services to clients, who may be Plan participants with respect to assets that include assets in the participants Plan accounts. More information about FPS services is contained in FPS s general disclosure Brochure (Form ADV). FPS provides its financial planning and related services in its capacity as an investment adviser registered under the Advisers Act. In providing these services, FPS is not acting as a fiduciary as that term is defined under current DOL regulations

10 USAA Federal Savings Bank ( FSB ) Sweep and Related Account Services FSB provides certain services in connection with brokerage services provided by IMCO and National Financial Services LLC ( NFS ). Uninvested cash in the Plan s brokerage account may be swept into a deposit product offered by FSB, and FSB provides related administrative services for the Plan. National Financial Services LLC ( NFS ) NFS is not affiliated with the USAA Service Providers. IMCO and FAI have entered into clearing agreements with NFS pursuant to which NFS, as an unaffiliated subcontractor, provides clearing brokerage services to Plan brokerage clients for which IMCO or FAI serve as the introducing broker and to Plan clients in certain of IMCO s Wrap Programs, which are described herein. As clearing broker, NFS provides brokerage execution and related settlement, transaction processing, and custodial services as well as sweep services for uninvested cash in your Plan s brokerage account(s). More information about NFS brokerage services is contained in your brokerage agreement. None of the USAA Service Providers or NFS provides recordkeeping services to Plans. II. DIRECT COMPENSATION IMCO For its advisory services under a Wrap Program, IMCO receives an advisory fee paid from the Plan account. Detailed information about the standard advisory fees IMCO receives is available in the Brochure for the Wrap Program. If you have converted to UMP from a program that USAA has consolidated into UMP, or if you have negotiated non-standard fees, your advisory fee is described in the fee schedule that we provided you when you initially participated in UMP or such consolidated program, as applicable. You may obtain another copy of your fee schedule by calling a USAA representative at FAI FAI receives no compensation directly from the Plan in connection with its brokerage services described above. FPS FPS receives no compensation directly from the Plan for its financial planning services described above. NFS For its brokerage services described above, NFS receives compensation directly from the Plan s accounts in the form of commissions and service-specific fees that may vary depending upon the particular investment or service. See the commission schedule, Customer Account Agreement, margin agreement, certificate of deposit disclosure, FSB deposit account disclosure for a schedule of rates and fees. However, Wrap Program accounts are not charged a separate or additional commission on transactions in addition to the Wrap Program advisory fee described above. NFS may act as principal on certain transactions. When acting as principal, it will add a mark-up to any purchase and subtract a mark-down from every sale. This markup or markdown will be included in the price quoted to you. Further information is available upon request. III. INDIRECT COMPENSATION, PAYMENTS BETWEEN AFFILIATES, AND PAYMENTS TO SUBCONTRACTORS Indirect Compensation With respect to NFS brokerage services described above: Please see the attached Supplemental Fees and Compensation Schedule for information on indirect compensation received by NFS. As an unaffiliated subcontractor, NFS may have arrangements with funds and fund affiliates or other securities investment providers that are outside the knowledge or control of the USAA Service Providers. 2

11 In addition, for indirect compensation received in connection with mutual funds, more detailed information may be provided in the relevant mutual fund s prospectus, statement of additional information, and annual report. Bank Deposit Revenue: If a Plan acquires a certificate of deposit ( CD ) issued by FSB or USAA Savings Bank ( USB ) for its IMCO brokerage account, IMCO will receive a fee from FSB or USB, as applicable, for IMCO s marketing and administrative services with respect to the CD. The amount of fee which IMCO expects to receive is typically based on the term of the CD and the amount of the CD, ranging from $0.10 per $1,000 of CD value for a 3-month term to $9.00 per $1,000 of CD value for a 7-year term. For accounts that select to sweep their uninvested cash into an FDIC insured deposit account offered by FSB, IMCO will receive $25.50 per account per year from FSB for recordkeeping and other administrative services. With respect to IMCO s investment advisory services described above: Soft Dollars: In connection with selecting broker-dealers to effect security transactions in Wrap Program accounts, IMCO may receive proprietary and third-party research and brokerage services within the meaning of Section 28(e) of the Securities Exchange Act of 1934, as amended, from certain broker-dealers that execute securities trades for the accounts. Proprietary research generally includes access to conferences, analysis, forecasts, and in-house research. Brokerage and research services furnished by broker-dealers may be used in servicing all accounts, not all these services may be used in connection with the account that paid the commissions generating the services, and the level of trading activity for an account will vary over time. Accordingly, IMCO is unable to specify or calculate in advance the amount of indirect compensation it will receive in connection with the management of your Plan s account. See Attachment A for a list of brokers that provide IMCO soft dollar research and/or brokerage services. Additional information about IMCO s soft dollar practices can be found in the Brochure for the Wrap Program. Mutual Fund Revenue: To the extent that IMCO receives revenue from mutual funds with respect to a Plan account for which it provides advisory services, IMCO will rebate the amount of such Revenue to the Plan account or otherwise apply that amount for the benefit of the Plan account, as directed by the Plan. FPS: FPS may receive fees from a Plan participant from non-plan assets with respect to its financial planning services described above. More information about FPS fees is contained in FPS general disclosure Brochure (Form ADV). Gifts and Gratuities. The USAA Service Providers have adopted gift and entertainment policies in accordance with applicable regulatory guidelines that are intended to manage the potential conflicts of interest or the appearance of such conflicts and to help employees make appropriate decisions that are consistent with the best interests of the USAA Service Providers clients. There is no agreement or arrangement between the USAA Service Providers and third parties regarding the provision of gifts, meals, or gratuities to the USAA Service Providers employees that is based on the USAA Service Providers service agreements or arrangements with any particular client, and any such gifts, meals, and gratuities are not received by the USAA Service Providers employees by reason of their services to any particular client. In the case that such gifts, meals, and/or gratuities could be allocated to a Plan, under any reasonable method of allocation the value of such items received by USAA Service Provider employees likely would be of insubstantial value. Payments Between Affiliates Under its agreement with FSB, IMCO receives fees from FSB for IMCO s recordkeeping and other administrative services. These fees are described above under Bank Deposit Revenue. Under its agreements with AMCO and USAA Transfer Agency Company ( SAS ), IMCO receives fees from each of AMCO and SAS with respect to IMCO brokerage accounts that hold shares of USAA mutual funds. The fees IMCO receives from AMCO for its distribution and servicing with respect to its brokerage accounts that hold shares of USAA mutual funds are 0.15% of the average net assets of the USAA mutual fund shares in such accounts. The fees IMCO receives from SAS for its sub-transfer agency and related services are $20.00 to $25.50 per year for each non-money market Retail Class account and, for the money market accounts and Institutional Class, an amount not to exceed 0.25%, on an annual basis, of the value of the USAA 3

12 mutual fund shares in such accounts. IMCO does not directly pay any individual person, including employees of its affiliates, for referrals to IMCO or recommendations with respect to investment products, such as Wrap Programs, offered by IMCO. However, as part of the overall performance evaluation of certain employees of FPS, all of whom are salaried, referrals to IMCO for advisory services is taken into account and can affect the member service representative s or financial planner s salary and/or company bonus. Specifically, with respect to FPS employees who are in the Wealth Management Division, the number of accounts opened by IMCO as a result of the FPS employee s referral is taken into account when determining that individual s overall performance rating which can impact their total compensation. As described above, IMCO may choose AMCO to provide certain sub-advisory services in connection with UMP. IMCO pays AMCO a fee that ranges from 0.05% to 0.26% on an annual basis of average advisory account assets managed by AMCO as sub-adviser. Payments to and from Subcontractors As described above, IMCO may choose one or more third-party investment advisers to provide certain sub- advisory services in connection with UMP. These sub-advisers are: Atlanta Capital Management, Cambiar Investors, Luther King Capital Management and Robeco Investment Management. Depending on its agreement with the particular sub-adviser, IMCO pays the sub-adviser a fee that ranges from 0.30% to 0.35% on an annual basis of average advisory account assets managed by the sub-adviser. As described above, IMCO and FAI have entered into clearing agreements with NFS pursuant to which NFS, as an unaffiliated subcontractor, provides clearing brokerage services to Plan brokerage clients for which IMCO or FAI serve as the introducing broker. Pursuant to such agreements, NFS will charge IMCO certain fees and expenses and will net these charges against the compensation it receives directly from Plans, as described above. IMCO has established a settlement account at NFS through which NFS will credit the net surplus or require IMCO to deposit additional amounts to discharge the net amount due to NFS, on at least a monthly basis. NFS will charge IMCO clearing charges per trade that range from $0 to $45, settlement fees for international transactions that vary depending upon the country and principal value and generally range from $25 to $300, execution and conversion fees for certain international transactions that range from $15 to $40, and may pass through additional expenses charged by third party providers. Listed and OTC Equity orders directed by IMCO or FAI to a specific destination (as opposed to following NFS standard best execution logic) will be charged $.0004 per share routing fee (inclusive of third market orders). The minimum monthly clearing and execution charge is $200,000. NFS will credit IMCO with the interest from margin loans in US dollars in excess of the broker s call rate, as published in the Wall Street Journal, minus 25 basis points. NFS will debit IMCO for the margin interest income below the broker s call rate, minus 25 basis points. NFS will charge IMCO with all interest on US dollar cash debits in customer accounts at the broker s call rate plus 150 basis points. Pursuant to its clearing agreement with IMCO, NFS shares certain revenue it receives from mutual funds with IMCO. For additional information on compensation NFS receives from mutual funds, see the attached Supplemental Fees and Compensation Schedule. NFS will bill IMCO directly for certain transactions as described below: Full Transfer of Accounts Delivery (ACAT Exit Fee) Legal Transfer (a transfer of physical securities that requires supporting documentation) $20.00 per event $90.00 per event 4

13 Transfer & Ship (DRS Eligible) Transfer & Ship (Non-DRS Eligible) Trade & Margin Extension Physical Reorganization Legal Return of physical certificate Bounced Checks Stop Payments $10.00 per event $ per event $12.00 per even $35.00 per event $60.00 per event $15.00 per event $15.00 per event NFS will also charge IMCO for certain transactions related to customer mailings, notifications, account verification and insurance, market errors and related fees, as follows: Customer Mailings: Monthly/Quarterly Statement - Each $0.25 Standard and Basic Cost Basis Monthly/Quarterly Statement - Each $0.35 Detail Cost Basis Suppressed DVP Statement Each No additional charges IMCO-requested Insert Processing Each $0.10 Annual Summary Statement Each $1.25 Annual Detail Statement Each $1.50 Large Print & Braille Statements Each $35.00 Trade Confirms Customer & Each $0.50 Interested Party Only Quarterly Trade Confirms Each $0.50 Incremental Postage over 1oz As billed by vendor Prospectus/ Disclosure Document Each $1.50 Delivery Dividend Checks Each $0.50 Tax Forms IRS Form 1099 Each $0.75 IRS Forms 5498 & 1099-R Each $0.75 All Other IRS Forms Each $0.75 Fixed Income Redemption Each $0.60 Notifications Customer enotification: Monthly/Quarterly Statement Each No additional charges enotification Annual Summary Each $0.75 Statement/Annual Detail Statement enotification Insert Processing (Online Display) Per Stored Insert $ including storage for not longer than 120 months Trade Confirms enotification Each No additional charges 5

14 Delivery Failure Letter Each $0.25 Change of Address Letter Each $0.25 RAP enotification Letters Each $0.20 Additional enotification Letters Each $0.20 Available Electronic Confirming Each $0.50 Prospectus Tax Forms enotification Each $0.50 Account Verification and Insurance: Patriot Act Per inquiry $0.38 Information Inquiries Per inquiry $0.38 Revised Account Profile (RAP) and Per letter $0.25 New Account Profile (NAP) Market Errors and Other Fees: Unauthorized Short Sales Each $ Restricted Stock Transactions Each $ (Full Service) Restricted Stock Transactions Each $40.00 (Sell without Approval) Errors (market action required in Each $15.00 NFS acct.) Other Postage & Handling (All Statement Types, Tax Forms, RAP/NAP, enotification letters) Exchange or Other Clearing Corporation Fees As billed by vendor As billed by vendor Manual One-Time Retirement Each $20.00 (OTR) Distribution Pursuant to the Technology Products and Services Agreement between IMCO and NFS, NFS will charge IMCO the following transaction fees: Market Data Real-Time Static Quotes - U.S. Real-Time Static Quotes - Global $0.01 charge per quote for each U.S. real-time quote requested over 2,200 quotes per month $0.05 charge per quote for each Global real-time quote requested over 2,200 quotes per month 6

15 AT&T Communication Costs Domestic Charges: The domestic AT&T communication charge is the current AT&T tariff and it is subject to change by AT&T. The charge is: $0.041/min for inbound megacom rate and $0.085/min for readyline rate. Transferred Call Costs: $0.20 for every transferred call. Data File Transmissions Transmission -- Request for Prior File Transmission -- Base File Transmission $60 per file per request $180 per file per request Trading Interface: $1.50-$1.75 each ticket charge lv. COMPENSATION FOR TERMINATION OF CONTRACT OR ARRANGEMENT None of the USAA Service Providers receives any compensation in connection with the termination of its services to your Plan. V. INVESTMENT-RELATED INFORMATION If the Plan is an individual account plan that permits participants or beneficiaries to direct the investment(s) in their accounts, and if one or more designated investment alternatives ( DIAs ) are made available in connection with IMCO s or FAI s brokerage services, the following information for each DIA may be found in the current prospectus or other disclosure materials of the issuer of the DIA (copies of which have been provided to you): (i) the total annual operating expenses, (ii) the DIA s name, (iii) the type or category of the investment, (iv) performance data, (v) the applicable benchmark for the DIA, (vi) fee and expense information, (vii) the name of the DIA s issuer, (viii) the objectives or goals of the investment, (ix) principal strategies and risks, and (x) portfolio turnover rate. 7

16 Attachment A Soft Dollar Arrangements With respect to the Wrap Programs, IMCO has soft dollar arrangements with the following brokers: AllianceBernstein L.P. Deutsche Bank Securities Inc. J.P. Morgan Securities, Inc. Strategas Securities LLC and Strategas Research Services UBS Securities, LLC 8

17 Supplemental Fees and Compensation Schedule National Financial Services LLC (NFS) provides clearing and other related services to your broker/dealer. The fees and compensation earned by NFS and as described herein are provided as additional information to help satisfy the Department of Labor service provider fee disclosure requirements. The disclosure requirements apply to qualified plans that are subject to Title 1 of ERISA. Note that if the qualified retirement plan covers owner only, where you and/or your spouse are the only participant(s), your plan is not subject to Title 1 of ERISA. Qualified retirement plans are typically held at NFS in a Non-Prototype Retirement Account or a Premiere Select Profit Sharing or Money Purchase Pension Plan account. The following information is current as of 12/31/2013 and may be subject to change. For more information about fees and compensation or specific rates and values, contact your broker/dealer. Stocks NFS receives remuneration, compensation, or consideration for directing orders in equity securities to particular broker/dealers or market centers for execution. The payer, source and nature of any compensation received in connection with your particular transaction will vary based on the venue that a trade has been routed to for execution. Review NFS s annual disclosure on payment for order flow policies and order routing policies. If you require further information in advance of a transaction, contact your broker/dealer. NFS makes certain new issue products available without a separate transaction fee. NFS may receive compensation from issuers for participating in the offering as a selling group member and/or underwriter. The compensation NFS receives from issuers when acting as both underwriter and selling group member is reflected in the Range of Fees from Underwriting column. When NFS acts as underwriter but securities are sold through other selling group members, NFS receives the Underwriting Fees minus the Selling Group fees. Securities IPOs Follow-ons* Range of Fees from participating in Selling Group 3% to 4.2% of the investment amount 1.8% to 2.4% of the investment amount Range of Fees from Underwriting 5% to 7% of the investment amount 3% to 4% of the investment amount * A follow-on is an issuance of stock subsequent to the company s initial public offering. Refer to the applicable pricing supplement or other offering document for the exact percentage sales concession or underwriting discount. Bonds and Certificates of Deposit (CDs) New issues, primary purchases (all other fixed-income securities except U.S. Treasury) NFS makes certain new issue products available without a separate transaction fee. NFS may receive compensation from issuers for participating in the offering as a selling group member and/or underwriter. The compensation NFS receives from issuers when acting as both underwriter and selling group member is reflected in the Range of Fees from Underwriting column. When NFS acts as underwriter but securities are sold through other selling group members, NFS receives the Underwriting Fees minus the Selling Group fees. BONDS Securities Range of Fees from participating in Selling Group Range of Fees from Underwriting Agency/GSE N/A 0.05% to 1% of the investment amount Corporate Notes Corporate Bonds Municipal Bonds and Taxable Municipal Bonds Structured Products Fixed Rate Capital 0.01% to 2.5% of the investment amount 0.01% to 2.5% of the investment amount 0.1% to 2% of the investment amount 0.05% to 5% of the investment amount 2% of the investment amount 0.01% to 3% of the investment amount 0.05% to 3% of the investment amount 0.1% to 2.5% of the investment amount N/A 3% of the investment amount Refer to the applicable pricing supplement or other offering document for the exact percentage sales concession or underwriting discount. CDs Securities CDs, including CDIPs (inflation protected) Structured Products Range of Fees from participating in Selling Group 0.1% to 2% of the investment amount 0.05% to 5% of the investment amount Range of Fees from Underwriting 0.1% to 2.5% of the investment amount N/A Secondary Market Bond Transactions The offering broker, which may be NFS, may separately mark up or mark down the price of the security and may realize a trading profit or loss on the transaction. Compensation may be used to offset expenses incurred in trade processing and may not result in a profit to the firm. If NFS is not the offering broker, NFS compensation is limited to the prices above. Page 1 of 2