BlueTrade

Yes, the minimum initial opening deposit is $200 for BlueTrade Automated and $1,000 for BlueTrade YourChoice.

You can open the following types of accounts:

• Investment Account
• Retirement Account
• Joint Account
• Custodial Account

With the YourChoice option, investment direction is made entirely by you. You can self-direct all of your funds into specific securities, stocks and more.

Our automated investment management (BlueTrade Automated) uses a data-driven algorithm to determine what securities to buy for your account and how much of each security to purchase for your account. In order to make that determination, we gather information from you about you and your investment goals. We use that information to design a portfolio that is recommended for an investor with your objectives, timeline and risk tolerance.

The securities in your account will be “exchange traded funds” (ETFs) selected from a list of ETFs we have identified. Each ETF is a diversified investment that may hold a variety of stocks and/or debt securities, depending on the stated strategy of the particular ETF. Your portfolio will also include some cash. We regularly evaluate which ETFs work best for our clients, so this list may change from time to time.

No. Your investment account will invest in securities. It is not a the same as a checking or savings account at a bank or a share account at a credit union. The investment account will be held at Drivewealth, LLC, a securities brokerage firm, an independent broker/dealer that is not affiliated with the Credit Union. The account will be managed by Access Softek Advisory Services, LLC, which will set up and manage the account based on the information you provide. Neither Drivewealth nor Access Softek are affiliated with the Credit Union. The advisory account with Access Softek Advisors, LLC is NOT intended to be used as an actively traded brokerage account. It is solely designed to provide a tailored portfolio to meet your stated risk tolerance, investment objective and time horizon.

Yes, you can set up an automatically recurring transfer. Our maximum recurring transfer amount is $5,000. Funding frequency options for recurring transfer are:

Every 2nd Monday of a month

15th of every month

First day of a month

Daily (every business day)

At the beginning of each calendar quarter

Yes. Beginning 30 days after you open your account, you may withdraw some or all of your account at any time. For example, if you deposit $500 on 7/1 and $800 on 8/1, you would be able to withdraw $500 on 7/31 and $800 on 8/31.

We charge $0.25 for each withdrawal and there are no limits on the number of times you can withdraw. There is an ACH transfer limit of $110,000 per transfer.

You can withdraw the funds in your investment account by opening the investment portal and navigating to the Transfers & History tab. It can take 3-5 business days for the transactions to be fully processed due to the time required to buy/sell the securities and move the money to or from your checking/savings account, which happens via ACH transfer.

BlueTrade is managed by Access Softek Advisory Services, LLC and they can be contacted by email at [email protected] if you have any questions about your account. You can also contact UKFCU at 859-264-4200.