Your fee for Treasury investments is calculated daily and charged monthly. This means that your fee will be based on the amount invested each day, with the accumulated total charged in a lump sum each month.
The fee tiers are based on your total deposits at Mercury across all of your accounts (including Treasury). The higher your total deposits are on Mercury, the lower your fee is.
Here is a breakdown of the tiers:
More than $20m total deposits = 0.15% (15 bps) fee
$10m-$20m total deposits = 0.25% (25 bps) fee
$5m-$10m total deposits = 0.35% (35 bps) fee
$2m-$5m total deposits = 0.45% (45 bps) fee
$0-$2m total deposits = 0.60% (60 bps) fee
Your fee itself is charged only on your investments in Treasury. Please note these rates are hypothetical and subject to change.
How to calculate fees
For every day of the month, we gather your positions and overall Mercury deposits. Then we compute fees daily as follows:
Positions * fee [in bps] / (10,000 [conversion from bps]*365 [annualizes])= Fee for the day
For example, a customer that has an investment position with a value of $1.5 million and a total of $2.5 million in deposits in Mercury would have a fee of 45 bps (.45%) according to their tier. Therefore, their calculation would look like this:
1,500,000 * 45 / (10,000 * 365) = $18.49 (rounding down to the nearest cent).
What your Treasury fee covers
Your Treasury fee gives you access to institutional-grade mutual funds and share classes that typically carry minimums well beyond what most businesses could access directly.
It also comes with one integrated platform. Treasury sits alongside your Mercury checking, cards, and payments, so there's no separate brokerage relationship to manage.
We're continuing to invest in the product, including Mercury-exclusive funds and fixed income ladders. These aren't live yet, but we'll share updates as they become available.
Mercury Treasury is offered by Mercury Advisory, LLC, an SEC-registered investment adviser (“Mercury Advisory”). This communication does not constitute an offer to sell or the solicitation of an offer to buy any security. All Brokerage and Clearing services are provided by, and securities are offered through Apex Clearing Corporation, an SEC-registered broker dealer and member FINRA/SIPC. Treasury accounts are not FDIC insured, are not bank deposits, and are not guaranteed by Choice Financial Group or Column N.A., and may lose value. Please review Mercury Advisory’s ADV Wrap Fee Brochure and full disclosures for more detail. Mercury Advisory is a wholly-owned subsidiary of Mercury Technologies, Inc.