WellsTrade® Commissions and Fees
Competitive and clear pricing for your Wells Fargo Advisor’s online investment accounts
|Household Annual Fee5||
$30 per household
You can avoid this fee with one of the following as of June 30 for all accounts in your WellsTrade household:
|IRA Custodial Fee5
(for IRA only households)
Fee will be charged in September of each year.
1Discounted flat rate commissions as follows: $6.95 per trade when your Wells Fargo Advisor WellsTrade account is linked to your Portfolio by Wells Fargo program. Unlimited $6.95 trades can be applied to commissions for online and automated telephone trading of stocks (excluding penny stocks) and exchange-traded funds. Each trade will be treated as a separate transaction, except in the case of commissions for multiple trades in the same security executed on the same side of the market on the same day, which will be aggregated. WellsTrade minimum balance fee is waived regardless of Portfolio by Wells Fargo program balances. Fee waiver based on having a Wells Fargo Advisors WellsTrade account linked to your Portfolio by Wells Fargo program as of June 30 of each year. If the Portfolio by Wells Fargo program relationship is terminated, the commission discount for trades will discontinue and revert to the current applicable commission rate. Other fees and commissions apply to a WellsTrade account. Schedule subject to change at any time.
2Criteria are applied in the following fashion:
- Accounts are reviewed periodically for qualification. Your commission rate may change anytime as a result of these reviews. All commission rates apply from the date of status assignment and are not applied retroactively.
- Accounts that have the same Social Security Number / Taxpayer ID can be included when linking to a Portfolio by Wells Fargo program. Other related eligible accounts may be added at your request.
- Non-qualifying accounts (for linking to a Portfolio by Wells Fargo program):
- Coverdell Education Saving Accounts, Business Accounts
- Accounts held by you in a representative capacity including, but not limited to, UTMA / UGMA, irrevocable trusts, and Guardian / Conservator
- Student loans, certain installment loans from Wells Fargo Leasing and Equity Direct, loans from Wells Fargo Financial, Inc., and certain mortgages
- Certain brokerage accounts offered by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC** do not qualify
** Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
3The Portfolio by Wells Fargo program has a $30 monthly service fee, which can be avoided when you have one of the following Portfolio by Wells Fargo statement ending balances: $25,000 or more in qualifying linked FDIC-Insured accounts, OR $50,000 or more in qualifying linked bank, brokerage (available through Wells Fargo Clearing Services, LLC) and credit balances (including 10% of mortgage balances, certain mortgages not eligible).
4An $8.95 charge per trade is applicable to commissions for online and automated telephone trading of stocks (excluding penny stocks) and exchange-traded funds (ETFs). Each trade will be treated as a separate transaction, except in the case of commissions for multiple trades in the same security executed on the same side of the market on the same day, which will be aggregated.
5The $30 Household Annual Fee and the IRA Custodial Fee (for IRA only households) can be waived with one of the following for all WellsTrade accounts in your household as of June 30 each year: 1) electronic delivery only enrollment for statements, trade confirmations, other documents and shareholder communications (excluding tax documents/1099s), 2) linkage to the Portfolio by Wells Fargo program 3) household balances of $250,000 or more, 4) households with solely SEP IRA, or 5) Wells Fargo Private Bank account. If a Household Annual Fee is due, the highest-value account in the client's household that is eligible to be charged a fee will be debited in September of each year.
Households comprised only of IRA accounts will be subject to a $30 IRA Custodial Fee. Households with an IRA and any other account type that is not exempt from annual fee will be subject to the $30 Household Annual Fee. IRA Custodial Fee will be waived for households paying a household annual fee. If a IRA Custodial Fee is due, clients will receive a remittance notice in August 2017 with several payment options. If a payment option is not selected, the fee will be automatically deducted from the IRA in September 2017. If there is more than one non-exempt IRA in the household, the fee will be equally divided amongst the non-exempt IRAs.
The grouping of accounts into a household is based on account eligibility and family relationship such as children, parents, domestic partners, and others. Certain accounts cannot be included in a household. Please call us at 1-800-TRADERS for more information and to determine whether all eligible accounts have been included in your household. It is your responsibility to ensure that all eligible accounts are included in your household.
6Termination Fee applies to full distribution of Traditional, Roth, SEP, and SIMPLE IRAs; fee is waived for clients over age 70½ or accounts terminated due to death or disability.
7Some foreign governments impose a fee on purchases and sales of securities for companies incorporated in their countries. This fee is passed through from the foreign government to the client. If this fee is charged, the amount will be displayed on the trade confirmation.
8Fee applies to any asset for which WFCS does not hold a selling agreement but has met the requirements to be displayed on the client statement. Applies to outside investments displayed on both standard brokerage and IRA statements.
9Deposit/Withdrawal at Custodian is the process of transferring shares between broker/dealer and the security issuer’s transfer agent. This fee applies only to transactions delivering shares from Wells Fargo Advisors to the custodian.
10Overnight deliveries of checks are subject to an additional convenience charge. If Overnight Delivery of checks is requested, a charge of $15 will be charged in addition to any other charges/fees that may apply.
11Agents for foreign securities may impose a fee for custodial services rendered. If this fee is imposed, it will be passed to the client.
12All restricted stock, regardless of whether it is eligible to be held in street name, is subject to the Safekeeping fee. The fee also applies to unrestricted stock eligible to be held in street name.
Commissions and fees are subject to change without notice
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Managed Account Services and Wells Fargo Funds. Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the funds. The funds are distributed by Wells Fargo Funds Distributor, LLC, an affiliate of Wells Fargo & Company.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
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