Wells Fargo Brokerage Account Agreement


The web platform is easy to navigate, but it is very slow. Most account functions, search tools and order records are available in two-tier menus. When you sign up, you can see on the first page an overview of all your brokerage accounts with balances and a graph with your investment allocation. Adjustment is limited to creating groups of accounts and changing the data displayed in your portfolio offer. WellsTrade may have some value to offer if you are a fan of Wells Fargo`s analysis and research. The company`s internal analysts offer buyout and sales recommendations and detailed analysis that can be accessed on the WellsTrade platform, which is not the norm in the self-controlled commercial space. For the right investor, above-average searches, good phone support and integration into your Wells Fargo bank account may be worth the disadvantages. A single application gives you access to all Wells Fargo WellsTrade accounts is designed for rare, buy-and-hold investors who are not particularly interested in asset classes in addition to stocks. WellsTrade clients can trade stocks, ETFs, investment funds, fixed-rate and one-time options. This is fine with you if you are a U.S. citizen with other financial relationships with parent bank Wells Fargo.

One advantage for an investment account, if you are already doing business with Wells Fargo, is that it is extremely easy to move money from one account to another. To add features to your current account, simply download the form or app, print it out and send it via the fax number or postal address listed. WellsTrade is working closely with wells Fargo Banking and Asset Management, and if that goes for you, you may want to consider opening an account here. Otherwise, the broker`s limited instruments and lack of education are unlikely for many investors. Wells Fargo`s persistent security issues, which appeared to be under control last year, may affect WellsTrade`s customers in the future. Households with less than $250,000 on WellsTrade accounts can pay an annual fee of $30 the first steps with a new account are relatively simple. New customers can quickly log into a new account on the WellsTrade website or mobile app, and most of them can provide their signatures electronically. You may need to print some forms and email them, delaying opening your account. If you already have a relationship with Wells Fargo, your personal data will be automatically filled in your application. There are a few extra frames by which you can jump to get options and margin approval. One of the advantages of using a bank-based online broker is the incredible ease of moving cash from one account to another, both in the browser and in the mobile app. WellsTrade portfolio analysis tools are surprisingly robust.

Investors can see diagrams, wheels and charts that break down their portfolio assets by asset class. Performance reports are easily accessible and very detailed and can be adjusted to show a given period. The account`s landing page when login provides a view of the entire household that can be adjusted at will. The portfolio offer can also be adapted and you can set up to five different views. Additional details are provided when you perform a drilldown and can move on to each transaction level.