200 E. Robinson Street, Suite 295 Orlando, FL 32801
200 E. Robinson Street, Suite 295 Orlando, FL 32801
AC Sunshine Securities LLC (AC Sunshine) is registered as a broker-dealer and this guide is to provide you with information regarding types of accounts, services we offer and conflicts of interest that may affect you and our relationship. This guide is limited to AC SUNSHINE brokerage accounts and our delivery of services.
This disclosure summarizes our brokerage services and fees. It is important for you to understand these differences (and our conflicts), particularly when you are deciding to open and fund a brokerage account with us. Free and simple tools are available for you to research firms at the SEC’s investor education website, www.Investor.gov/CRS , which also provides educational materials about broker-dealers, investment advisers, and investing. You can find additional information about us and our financial advisors on the Financial Industry Regulatory Authority’s (FINRA) website located at www.finra.org/brokercheck.
In our brokerage services we offer and recommend a wide range of investments including but not limited to:
As well as investments from unaffiliated third-parties. We do not limit our investment offerings or recommendations to specific asset classes, or to those with third-party compensation arrangements, though we expect to receive compensation from third-parties in connection with most of the investments we offer, including, in particular, mutual funds, variable annuities, and cash sweep options.
AC Sunshine operates as a fully disclosed Broker Dealer clearing through Velox Clearing LLC and Interactive Brokers. As a member of FINRA and SIPC, we offer a wide range of financial products and services to individual and institutional investors.
From time to time, or when you request, we also provide you with investment recommendations, research, financial tools, and investor education. For investment recommendations we make to you, including recommendations to open or transfer assets to a brokerage account, we will be acting in our capacity as a broker-dealer. When making such a recommendation to you, we do not have a fiduciary obligation to you but we must act in your best interests at the time we make the recommendation without placing our financial or other interests ahead of yours.
We do not exercise discretionary investment authority in your brokerage account (i.e., make decisions to buy or sell your investments without your direction) or monitor your brokerage account investments for you. This means that you are responsible for reviewing your account and investments to make sure your investment mix is appropriate for you and for deciding whether to follow our investment recommendations.
You do need to have a minimum amount $2,000 to open a brokerage account with us. For more information regarding minimum investment requirements, please refer to the prospectus or offering documents for your investment.
For our brokerage services, the primary fees you pay are “transaction-based” fees. These fees are typically called “commissions,” “sales charges,” “load,” “selling concessions” or “trails”. These fees vary depending on the investment product you select, the capacity in which we act, and the size of your transaction, and can be charged up-front when you purchase or sell the investment, or on an ongoing basis for as long as you hold the investment (“trails”). If we purchase a security from you or sell a security to you from our own account (as “principal”), rather than acting as your agent to purchase or sell a security from a third party, we are paid by marking the price up or down and retain that difference, which is a benefit to us. Because we are compensated for these transactions, we have a conflict of interest to encourage you to invest in products that pay us greater compensation than those that pay us less, to trade more frequently and in greater volume, and trade with us as principal because we generally receive more revenue when you do so. In addition, we, and your financial advisor, have an incentive to recommend that you open, or transfer assets to, a brokerage account instead of an advisory account when you trade so frequently or in such volume that we’d receive more revenue than if you invested through an advisory account.
In addition to the foregoing fees, our clearing and custody partner, Velox Clearing LLC may assess certain fees associated with your brokerage account, such as account termination fees, and account transfer or liquidation fees. For an updated schedule of fees charged by Velox and AC Sunshine, you may visit www.acsunshine.com where a list of fees is available. The fees and costs you pay for specific securities transactions are disclosed to you on the confirmation statement you receive after your transaction is executed. The total costs you incur (and compensation we earn) in connection with your brokerage accounts will primarily depend on your investment mix and how frequently you trade.
AC Sunshine receives payments from third-parties (or their affiliates) when we sell certain products. As such, AC SUNSHINE has an incentive to recommend (or to invest your assets in) products of third-parties that pay us over products of third-parties that make no difference what clients’ payment for product.
We may buy from or sell securities to you from our own inventory. Because we earn compensation (such as mark-ups, mark-downs, and spreads) and can receive other benefits in principle transactions, we have an incentive to trade with you on a principal basis and to recommend securities that we hold in inventory.
Defining your investment needs requires AC SUNSHINE to offer you different investment objectives from which to choose. You should select the investment objective, liquidity needs, and risk tolerance best aligned with your brokerage account goals.
Liquidity Needs. On an annual basis, what are your expected withdrawal needs from this account?
| Less than $1,000 | $10,000 to $49,999 | $100,000 to $249,999 |
| $1,000 to $9,999 | $50,000 to $99,999 | $250,000 + |
Please be aware that with the implementation of Regulation Best Interest we will be unable to service your account without a fully completed New Account Form
For additional information about our brokerage services, or to obtain an updated copy of this Client Relationship Summary, please visit our website at www.acsunshine.com .You may also request up-to-date information and request a copy of this Client Relationship Summary by calling us at 689-689- 9686 or writing at AC Sunshine Securities LLC Attn: Form CRS, 200 E. Robinson Street, STE 295, Orlando, FL 32801.
Base Fee Schedule |
|
|---|---|
| Cancel/Correct | $5.00 |
| Ex-Clearing tickets | $25.00 |
| Margin Call Extension Requests | $10.00 |
| Buy-In or Sell-Out | $25.00 |
| ACATS fees | $100.00 outgoing ACAT only |
| Market Venue Charges | Pass-Through |
| Third Party Systems Charges (including, but not limited to; OMS, Risk Management, MPID fees, Market Venue port charges) | Pass-Through |
| Street-Side Regulatory, Clearing, and Settlement Fees (including, but not limited to: SEC fees, TAF fees, NSCC fees) | Pass-Through |
| Market Data Fees | Pass-Through |
| Wire Transfers | $30.00 per wire (Domestic), $50.00 per wire (International) |
| Check Disbursements | $5.00 per check (Domestic), $10.00 per check (International) |
| ACH (Automated Clearing House) Payments | No Cost |
| Returned Checks/ACH/Wires and Recalls/Wire Amendment | $30.00 per item |
| Print and Mail (Confirms, Statements, Tax Reports) | $5.00 per item |
| Blue Sheet Requests | $5.00 per CUSIP |
| Sundry Expenses | Miscellaneous brokerage fees |
| IRA Annual Custodial fee | $60 |
