Our firm, Portfolio Resources Group, Inc. is registered with the Securities and Exchange Commission as a broker-dealer and is a member of FINRA, SIPC, MSRB, and FSI.  Accounts are introduced on a “fully-disclosed basis” to our clearing firm, Pershing, LLC., a Bank of New York Mellon company.  We provide full brokerage services rather than advisory accounts and services. It is important that you understand that brokerage and investment advisory services and fees differ.  This document gives you a summary of the types of services we provide and how you pay.  You may find free and simple tools at https://www.investor.gov/CRS a a website provided by the SEC, to research firms and financial professionals and find educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?
We provide brokerage services. You may select investments, or we may recommend investments for your account, but the ultimate investment decision as to your investment strategy and the purchase or sale of investments will be yours. The amount you pay will depend, for example, upon how much you buy or sell, what type of investment you buy or sell, and what kind of account you have with us.  We may offer you additional services to assist you in monitoring the performance of your account for an additional cost.  We will deliver account statements to you at least each quarter in paper or in electronic format. We are not required to monitor your portfolio or investments on an ongoing basis unless we agree otherwise in writing. You may find information about our and our affiliate’s services at https://www.prginc.net/

What fees will I pay?
You will pay transactional fees based on specific transactions and not the value of your account. With stocks or exchange‐traded funds, this fee is usually a separate commission. With other investments, such as bonds, this fee might be part of the price you pay for the investment (called a “mark‐up” or “mark down”). With mutual funds, this fee (typically called a “load”) reduces the value of your investment.

You may have to pay other fees related to brokerage services.  Fees can be charged directly or indirectly.  Direct fees include service charges, custodial fees and account maintenance fees (including IRA fees) charged by the clearing firm; markups and markdowns; redemption fees; wire fees; transfer fees; etc.  Direct fees will be shown on your trade confirmation and/or custodial statement. Indirect fees include internal expenses charged by mutual funds and ETF’s (including 12b-1 fees and annual fund operating expenses).  You will be charged more when there are more trades in your account, which could be an incentive for our financial professional to encourage you to trade often.

You may be offered a kind of account with discounted commissions, and/or a specific fee based on the value of your account. Our fees vary and are negotiable. We charge you additional fees, such as custodian fees and account maintenance fees. The amount you pay will depend, for example, on how much you buy or sell, what type of investment you buy or sell, and what kind of account you have with us. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. Additional information about Brokerage Services can be found in PRG’s Regulation Best Interest Disclosure at https://www.prginc.net/disclosures/prgbestinterest.html