No, there are no charges for customers using the proxy voting service.
Freetrade will receive payments from Say Technologies LLC for providing the proxy voting service. These payments come from the issuers of the shares and are intended to cover costs associated with providing the service.
The payments will be paid in line with the fee schedule in the Financial Industry Regulatory Authority (“FINRA”) rules. The amount will depend on the number of positions the customer holds and the number of events (like meetings or special mailings) the issuing company has.
We expect that the payment we will receive will generally be between $0.72 to $1.00 for each corporate event per customer position, but the actual amount will depend on the circumstances.