What is wells trade brokerage account
Jon Weiss of Wealth and Investment Management explains how the new Intuitive Investor SM brokerage account offers a low-cost and convenient way to invest. This week, Wells Fargo Advisors is nationally launching its Intuitive Investor SM tool — a digital offering for new and emerging investors that combines automated investing technology with personal advice.
And it delivers what they want — a convenient, low-cost way to participate in the markets and pursue wealth over time. I think of it as an investment program that will appeal to my own two kids, what is wells trade brokerage account are just starting out in their careers and getting established in their lives.
It what is wells trade brokerage account help to give them what is wells trade brokerage account head start on pursuing their goals for building solid financial futures and establishing relationships with Wells Fargo that can grow as their needs inevitably change. We also remain sharply focused on delivering better experiences for all clients as their needs and preferences change. In fact, in the next four years, Aite Group predicts the number of digital advice clients to rise nearly percent, to 17 million.
We have an industry-leading team internally that plays an integral role in enhancing our ability to innovate. We also have the ability to partner when that makes the most sense. We have very high standards with any offering we bring to the market, including Intuitive Investorwhich is why we evaluated a number of options and third parties in the automated-advice space before reaching our decision.
We chose to collaborate with SigFig a San Francisco-based wealth management technology company to deliver a competitive and compelling investment program to our clients.
Changing demographics, evolving investor preferences, and a shift in the regulatory environment are the trends affecting our business the most. As baby boomers begin drawing from their retirement accounts, their children are getting married, buying homes, and having children of their own. We know from a recent Wells Fargo survey that nearly 70 percent of millennials say they want to conquer their anxiety about money, and just one-third are satisfied with their financial lives.
As the generations shift, the ways people want to engage with us do, too. They want to invest the same way they shop, plan a vacation, and pay bills. And they want to what is wells trade brokerage account options that are simple to use and low in cost.
As technology becomes increasingly a part of the way our clients interact with us, I believe Wealth what is wells trade brokerage account Investment Management is in a position to stand out because of our legacy of powerful, high-impact financial advice. Finally, regulations are driving further uniformity and consistency, and this is where our strengths in advice quality, goals-based planning strategies for clients, and technology innovation can give us an advantage, in my view.
To deliver strong, goals-based advice to more consumers, we have to bridge that gap. Our existing affluent business has grown as our long-term clients have been successful. Through convenient and affordable offerings such as Intuitive Investorwe can now fill a competitive need for new types of clients seeking an online investing experience — an important step to introducing new customers to our robust Wealth and Investment Management services.
As we cultivate multi-generational relationships across Wells Fargo, some Intuitive Investor clients will likely find our full-service advice more appropriate as their needs and goals change and evolve.
I inherited a strong, diversified business. We have some of the strongest businesses in the industry providing high-impact advice and investment strategies.
We have stable, comprehensive retail brokerage and wealth management businesses helping clients plan for their long-term dreams and preserve and grow their family legacies. And our asset management and institutional retirement businesses play a critical role in helping millions what is wells trade brokerage account Americans prepare for retirement. When I think about the future, I am excited about the opportunities we have to partner across our own group and company to innovate, and deliver new products and services for our clients and Wells Fargo.
I believe our strong foundation in helping clients with goals-based planning has led to enduring relationships and positive outcomes for our clients. Focused investments in technology and operating even more efficiently can help us grow what is wells trade brokerage account. The arrival of Intuitive Investor opens the door for new types of investors to access the markets. As we look ahead, I believe we have an opportunity to know all our clients better, and ultimately serve them better, because we understand their needs.
WFC today announced new low- and no-cost online stock and mutual fund commissions for WellsTrade, its brokerage account for self-directed investors, offered through Wells Fargo Investments, What is wells trade brokerage account. Unlike brokerage accounts at other firms, the new WellsTrade commissions benefit customers who have broad brokerage and banking relationships with Wells Fargo.
Commission levels are determined by combinations of bank checking and savings deposits, investments, IRAs, loans, credit balances and 10 percent of mortgage balances. The offering cuts commissions for online mutual fund investing, largely neglected by other brokers in their recent commission reductions. Wells Fargo Investments now offers customers the opportunity to qualify for some of the lowest commissions in the industry -- regardless of brokerage assets and number of trades.
In contrast, Wells Fargo Investments has made it easier to qualify for discounted commissions by setting what is wells trade brokerage account qualification thresholds, which are based on a customer's combined brokerage and banking relationship balance.
Over the past 12 months, the brokerage industry has experienced dramatic price pressure and most major firms have focused on reducing stock commissions and fees. To date, the industry for the most part has not reduced transaction fees for online no-load mutual funds. The PMA account offers, among other things, a competitive money market interest rate, no monthly fees on linked checking and savings accounts, Wells Fargo's Platinum Check Card and Wells Fargo Credit Card with no annual fee, free checks, free online banking and bill pay, overdraft protection and a combined statement that links all accounts.
Many people may be surprised to learn that they may already have large enough relationship balances to qualify for a Wells Fargo PMA and reduced online trading commissions -- especially considering that 10 percent of their mortgage liability, among others, is taken into account.
Transaction fees for online no-load mutual fund trades for those with PMAs will now be as what is wells trade brokerage account The WellsTrade account provides access to over 2, no-load mutual funds from many well-known fund families, including more than no-load funds that are available to all customers without transaction fees.
PMA customers what is wells trade brokerage account now enjoy reduced, or no transaction fees on all no-load funds. Unlike other brokerage firms, which typically offer free stock trades for only the first days after account opening, Wells Fargo Investments is offering 50 commission-free trades per year.
Wells Fargo, which introduced Internet banking inis committed to delivering on its strategy as an innovative financial services provider that is leveraging technology for customer convenience.
Wells Fargo offers customers anytime, anywhere banking so they can get the information they need -- when, where, and how they want it. As a testament to this, customers can sign up for a WellsTrade account what is wells trade brokerage account at wellsfargo.
PCS provides customers an entire range of financial products and services, including full-service brokerage through Wells Fargo Investments, investment management, trust and estate services, insurance and private banking.
Wells Fargo was ranked as the number-one Internet bank by Gomez and Global Finance magazine in ; Wells Fargo Investments ranked number two among all full-service what is wells trade brokerage account by Smart Money August and is the only bank-owned brokerage to make this list.
WellsTrade is currently ranked number six among all online brokers, according to the March 31, Gomez Discount Broker Scorecard. Wells Fargo Bank, N. Contact Wells Fargo Investments for a mutual fund's current prospectus, which contains more complete information on investment objectives, charges, fees, risks, and expenses.
Please read and consider the information in the prospectus carefully before investing. Other fees and commissions apply to a WellsTrade account. For complete information regarding fees and commissions refer to www. June 01, Log In Sign Up.