Need help opening a new account? Like Wells Fargo Advisors, Morgan Stanley also charges a platform fee to be listed on its product shelf. Wells Fargo provides investment advisory services through both Wells Fargo Advisors and Wells Fargo … Learn about Wells Fargo culture, salaries, benefits, work-life balance, management, job security, and more. Read the background materials mentioned in the article. Anthony Perruso is a financial advisor based out of Mountain Lakes, New Jersey, who has been in the financial industry for 31 years. Wells Fargo's robo-advisor, the Intuitive Investor account, is a powerful alternative to average robo-advisor service. If this fee is imposed, it will be passed to the client. Visit WellsFargoAdvisors.com to consult a Financial Advisor today. Wells Fargo Intuitive Investor comes with the following fees: Annual advisory fee at 0.35% of your account value (discounted to 0.30% when linked to a Well Fargo bank portfolio). Links to third-party websites are provided for your convenience and informational purposes only. Minimums for its 29 available wrap fee programs range from $10,000 to $3 million. Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the funds. Fees are negotiable depending on account size. When you link your Intuitive Investor account to your Wells Fargo Bank Portfolio by Wells Fargo program, your advisory fee is discounted to 0.30%, instead of the standard advisory fee of 0.35%. 1 Each trade order will be treated as a separate transaction subject to commission. The Wells Fargo Bank 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 qualifying balances: After you determine your preference for how you want to work with your financial advisor, you will learn about products and services that are available to you. Managing investments A lot may be riding on your investments: retirement, children’s or grandchildren’s education, your financial legacy. Because the Intuitive Investor account mixes powerful digital investing through proved algorithms, and help from financial advisors, customers won't feel lost if their investments take a wrong turn. Skip to primary content Consumer Account Fee and Information Schedule, wellsfargoadvisors.com/disclosures/foreign-financial-transaction.htm, Enrollment in only electronic delivery for statements, trade confirmations, other documents, and shareholder communications (excluding tax documents/1099s). The next tier of service is the Wells Fargo Advisors Solutions account, which allows for personalized advice and the ability to contact an advisory team over the phone, in addition to the aforementioned online services. If you have any questions regarding the applicability of these fees, please contact your Financial Advisor or call the number on your account statement. It is generally a percentage or scheduled amount based on the aggregate purchase price of the securities subject to the tax. Experience the dedication of a company built on integrity and client service. 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. An order that executes over multiple trading days may be subject to additional commission. 4 Refer to the Wells Fargo Bank Consumer Account Fee and Information Schedule for further information about the Portfolio by Wells Fargo program and applicable bank fees. WellsTrade® and Intuitive Investor® accounts are offered through WFCS. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. For more information, call Wells Fargo Bank, N.A. Need help opening a new brokerage account? Investment products and services are offered through Wells Fargo Advisors. 12 Deposit/Withdrawal at Custodian is the process of transferring shares between broker/dealer and the security issuer’s transfer agent. You can expect your financial advisor to work with you in the following ways: Our financial advisors’ compensation may be based on a combination of commissions and fees (cost) generated from a variety of products. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Links to third-party websites are provided for your convenience and informational purposes only. Portfolio Construction 1.8. How you pay is broadly based on the two types of services we provide: investment advisory (percentage of assets held in your account) and brokerage (sales charge on each transaction). 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 solely of one or more WellsTrade IRA accounts are subject to a $30 IRA Custodial Fee in lieu of the $30 Household Annual Fee. Watumull currently works for Wells Fargo Clearing Services, LLC. You can expect your financial advisor to be a trusted, qualified professional who is committed to working with you and your chosen legal and tax professionals. Wells Fargo Advisors fees are minimal here, at an $8.95 charge per trade, with a discount if linked to an existing PMA account. 10 A prepayment is a payout (ACH, Checks and Federal Funds Wires) using funds from the proceeds of an unsettled sale of securities. In addition to these fees, please note that certain other operational or other fees or charges may apply. 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. Our financial advisors are dedicated to providing you choice and flexibility by offering established products, services, and technology. Wells Fargo Advisors Financial Advisors Network has nearly 175,000 clients, including about 96,000 individuals and 73,000 high net worth individuals. Need help finding an advisor or opening an account? Understand your 401(k) options before you take action. Call us at 1-866-522-0459 Mon-Fri: 8:30 am – 9:30 pm ET; Sat: 8:30 am – 7 pm ET. The Foreign Financial Transaction Fee corresponds to the amount of the tax, as set forth under applicable foreign tax laws. WellsTrade® and Intuitive Investor® accounts are offered through WFCS. 7 Termination 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. The Wells Fargo Bank 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 qualifying balances: • $25,000 or more in qualifying linked bank deposits (checking, savings, time accounts (CDs), and FDIC-insured retirement accounts), or Need help opening a new brokerage account? One commission will be assessed for multiple trades, entered separately, that execute on the same day, on the same side of the market. The fee also applies to unrestricted stock eligible to be held in street name. All rights reserved. • $50,000 or more in qualifying linked bank, brokerage (available through our brokerage affiliate Wells Fargo Advisors®), and credit balances (including 10% of mortgage balances). Schedule of Miscellaneous Account and Service Fees . So fees may be different from account to account or service to service. Wells Fargo Advisors Financial Network Schedule (PDF). Call us at 1-866-522-0459 or search for a local branch. Online bill pay is the newest option for most types of accounts and it's free. Wells Fargo Advisors provides a full range of investing services and financial solutions. Whether you are a brokerage or investment advisory client is dictated solely by the actual services agreed upon and provided.