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I've used InTrust, now Millenium, for a while (ouch!) and there has
never been a fee as described. And I've set up futures, stock and
partnership accounts thru them. And funds don't get transferred every
day. In fact, InTrusts's systems are so bad that they did well to
update account balances from my brokerage accounts every 3 months.
Best regards,
Jim Johnson
Monday, April 16, 2001, 1:33:09 PM, you wrote:
SH> Unless there was a margin call, I don't see why there would have to be funds
SH> transfered between the trust account and the brokerage account every day.
SH> Just to be clear, I believe Intrust only charged fees for transactions
SH> involving money moving in and out of the trust account, not for every
SH> transaction (trade) in the brokerage account.
SH> SH
>> Be aware of their fee structure before signing on the dotted line.
>> Intrust (no longer in business) charged a fee for every transaction and
>> every wire from the trust company to the futures broker. Because futures
>> are marked to market each day, it was a rare day when a wire was not sent
SH> or
>> received.
>>
--
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