Traditional Brokerage Services

Traditional brokerage refers to full service brokerage, the standard business model in the industry until 1975, when fixed brokerage rates were discontinued. This business practice continues, providing clients with assistance with their investment concern, with commissioned salespeople. The salespeople are paid part of the fee from transactions (commissions) for assisting clients with their dealing with the company and the industry.

Traditional brokerage is the place where many people start their investment experience because they need the assistance of a competent representative to assist and explain how the investment markets function and how best the client might participate in the markets. Nestlerode & Loy, Inc., assists clients through its representatives by providing educational brochures, investment research from various published investment advisors, quotes and other services.

• Client Account Lookup
• Rates
• Geographic Area
• Who We Associate With
• Download Forms

Client Account Lookup

This system allows you to do several helpful things to assist you in managing your investments:

1. You can establish a window to lookup quotes on your favorite stocks. You can build up to ten separate portfolios for stock quotes.
2. You can review outstanding orders you have placed which have not yet filled or executed.
3. You can review your current portfolio holdings.
4. You can review your trading history for the past twelve months.
5. You can change your user profile, including your password.

First Time Users
Welcome to the Investor Connect / Nestlerode & Loy, Inc. account lookup system. This system is being run in a beta mode that means that there might be a few rough edges that need to be corrected. Please bear with us in polishing up this service.

To use this system, you must first have your account initialized for data lookup. Please contact your investment representative at Nestlerode & Loy, Inc. to have your account(s) authorized for computer access.

Once you have been authorized for access, your login is your Investor Connect Account Number. Your password is your taxpayer identification number or social security number. When you first use the system, we suggest that you change your password by entering the "Profile" command and following the instructions. Please keep your password secret. Please also note that Nestlerode & Loy, Inc. does not have access to your password and will not be able to assist you in finding a password you have lost or forgotten.

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Rates

Full Service Rate Schedule

Nestlerode & Loy, Inc., has a number of commissioned sales representatives. They earn their living by assisting investors with their investment transactions. To this end they can analyze your financial situation and make appropriate recommendations aimed at assisting you in achieving your financial goals. Of course, no one can guarantee investment results. However, investors are usually well served by dealing with an investment professional for their transactions, receiving recommendations and having their account serviced. The cost of doing business is one concern, but not the primary consideration voiced by investors when dealing with a brokerage industry. A study by the survey firm Yankelovich Partners, completed in 1995 for the Securities Industry Association, found that clients believed that the following factors, in order of importance, were more influential than cost in determining the brokerage firm with which they would deal:

1. Providing easy access to client account information.
2. Keeping clients' best interest at heart in making or suggesting investments.
3. Returning calls promptly.
4. Maintaining a track record of strong performance.
5. Keeping clients regularly informed about their investment performance.

Fees and commissions ranked sixth in the study. Even in sixth place, however, fees are important to investors. Therefore, we have provided a summary of our full service fee schedule for your review.

The commission table below is a summary of our full service rate table which is many pages long. If you have a question about what a specific transaction will cost, you can get the exact information from your representative or anyone at Nestlerode & Loy, Inc. Just call us, email us, or send us a request via fax.

A majority of our income as a full service brokerage firm and the income for our representatives is derived from commissioned transactions. We do not recommend that clients make small transactions or that they trade often. We recommend that clients make transactions that have relatively small commissions on a percentage of the total transaction. For example, the commission on a one hundred share trade at $20.00 per share or $2,000 is $62 or about 3.1% of the money invested. Further, 1,000 shares of a $100 stock would cost $874 or .874% or less than one percent of the money invested.

Your representative can analyze the cost of doing full service transactions with our firm to make sure that the cost of your transactions is reasonable and not preclude you from achieving your investment goals.

Mutual fund transactions costs, commonly called sales charges, are set by agreement between the mutual fund marketing organization and Nestlerode & Loy, Inc. Mutual funds generally charge the same sales charges to every brokerage firm. As with stock transactions, we will discuss the sales charge and any other cost related to buying and holding mutual funds before any purchase or sale. Any investor should read the prospectus carefully before investing. Likewise sales charges for annuities will be fully disclosed before any transaction is completed.

Finally, we exist to serve your investment needs. While many people prefer to deal with us as a full service brokerage firm, others who do their own investment research choose to use our discount brokerage service. Still others utilize our investment management services. Clients are encourage to select the way to deal with us that serves them best. Indeed, some clients use both full service and discount brokerage while others have managed portfolios and trade either full service or discount for other accounts under their control. Our job is to make our investment services work for you. Please let us know how we can serve you best. Further information on discount brokerage and investment management is available on this web site.

Sales or transaction charges for mutual fund purchases are governed by the selling agreement between the mutual fund distributor and Nestlerode & Loy, Inc. All mutual fund fees (including sales charges, 12b-1 fees and contingent deferred sales charges) are described in the mutual fund prospectus and are available from all our representatives upon request. As a full service brokerage firm, the company does not deal in no load funds.

Commission rates for municipal bonds, government bonds and corporate bonds available upon request.

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Geographic Area

Nestlerode & Loy, Inc., is located in State College, Pennsylvania, USA, with offices at 430 West Irvin Avenue. The company is registered nationally with the Securities and Exchange Commission. The bulk of our clients are located in Pennsylvania, where we are registered with the Pennsylvania Securities Commission to provide brokerage services. All of our representatives are licensed in Pennsylvania.

The company is also licensed in Connecticut, Florida, Michigan, New York, Ohio, Virginia, and the state of Washington.

Most of the states in the United States have securities commissions and various statutes which regulate the activity of broker / dealers and investment advisors. To the extent that Nestlerode & Loy, Inc., is regulated by these states, we will endeavor to register in those states where sufficient business requires and justifies such registration, licensing and related fees. If you have any questions about doing business with our firm and you are located in a state or country where we are not registered, we invite you to contact Judy Loy to discuss the matter further.

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Who We Associate With

Traditional Brokerage Associates
Judy Loy
Jody Berhold	Tiffany Smarsh

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Download Forms

To open an account with us, please download the following forms, complete them and return them to our home office at the address listed. Please note, you must have Adobe Reader to open and print these .PDF files. Adobe Reader can be downloaded free from Adobe by clicking on "Get Adobe Reader" button below.

Download Adobe Reader
to view and print .PDF files.

Minimally, you must complete and sign the AGREEMENT form for accounts listed in one name only. For those accounts that are joint, as in husband and wife or in where two people who are partners in common, please add the JOINT agreement. Margin accounts require the MS agreement. IRA accounts additionally need the IRA agreement. IRA account cannot be margin accounts. Please see our IRA form for further explanation.

Download the forms here.

Please see our privacy policy.

IMPORTANT NOTICE

USA Patriot Act - Section 326 Customer Identification Requirements

In an effort to curb money laundering and terrorist financing, the PAtriot Act was passed on October 23, 2001 and is being implemented in phases. On October 1, 2003, financial institutions must be in compliance with Section 326 of the Act. Section 326 establishes minimum procedures for identification verification for all new accounts. Financial instituions are also required to compare customer information with denied party lists (containing known terrorists) provided by the US Treasury, US Commerce, and United Nations. These lists contain an estimated 9000 names.

As of October 1, 2003 all new accounts must include:

Name

Street Address (PO Box not permissible)

Tax ID or Social Security number

Birth Date for each person listed on the account

All new account holders' identities will be verified and checked against the denied party list. New investors who fail to provide the information listed above will need to adjust their applications immediately or face account closure or trading restrictions until they do so.

Thank you for your cooperation.

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