How to charge a fee to those participating in a specific buy/sell transaction?

[Alan Simpson]

A Registered Investment Advisor performs the buys and sells for retirement plans. Up until now they have been “eating” the charge for mailing out confirmations of trades charged by the broker/dealer back office. They wish to start passing this charge along to the retirement plans.

Does anyone have an idea on how to charge a fee to the specific individual(s) for the transaction(s) as a whole? I do not want to post it as a normal fee to all participants in the plan since only those involved in the transaction should pay the fee.

I have talked with Relius support and they do not know of a way to accomplish this.

[Demosthenes]

See 10b-10 of the Securities Exchange Act of 1934, confirmations are, for the most part, an obligation of the Broker-Dealer, not an optional service.

I've never seen a broker who charged for mailing confirmations out, there's got to be more to it than that.

I know this doesn't help with your Relius question, but it seems weird to have a charge for such a basic (and required) service.