Personal Finance (Not Investing) • US Bank 4% Smartly Visa Credit Card

Just wondering with upcoming transition from USBI to USBA, On or about February 17, 2026, subject to certain regulatory approvals, USBI will transition its retail securities and insurance brokerage business to U.S. Bancorp Advisors, LLC (“USBA”).

Would any of the following change?

• Annual fee for the brokerage account. It appears the new fee schedule doesn't mention any annual feel for the brokerage account

• Fee to buy or sell currently no transaction fee for money market funds like GABXX

• Would we be required to have an advisor

Any other major change?

I don't think any of that will be known for certain until sometime after the change. After all, there was not clear and accurate information regarding annual brokerage account fees until this was printed on statements. In addition, the current brokerage web interface shows transaction fees for VUSXX and some other money market funds, yet these are not actually charged (at least, I think that's still the state of things ).

I highly doubt that an advisor will be required, as I posted above, the online info for USBA implies there are self-directed accounts. I really think this is just a consolidation of operations following US Bank's most recent acquisition .

FWIW, the annual fee statement on Dec. IRA statements is unchanged (this also appeared on Sept. statements):
Annual IRA Fee Notice – The 2025 Annual IRA Custodial Fee of $50 will be assessed to brokerage retirement accounts during the fourth quarter of 2025. Accounts exempt from this fee are as follows:
1) Accounts opened after August 31, 2025.
2) Accounts owned by an individual with total retirement account assets of $100,000 or greater on August 31, 2025.
3) Accounts owned by an individual with total combined retirement and non-retirement account assets of $250,000 or greater on August 31, 2025.

For taxable accounts, the fee disclosure appeared on March statements last year:
viewtopic.php?p=8411004#p8411004

So that's likely when we will see if those accounts are still going to be charged $50. As you can see from the linked post, taxable accounts did not have a waiver at $100K, only at $250K.

Statistics: Posted by jeffyscott — Wed Jan 07, 2026 8:57 am — Replies 3984 — Views 713784

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