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. 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. Only one application gives you access to all Wells Fargo accounts, however, a few portfolio analysis tools are missing.
You can`t consolidate the accounts of other financial service providers to give you a more complete picture of your household`s assets. WellsTrade clients are not in a position to assess the tax impact of a proposed negotiation and there are no tax reporting tools. The platform also lacks a Handelsblatt. Households with less than $250,000 on WellsTrade accounts can pay an annual fee of $30 WellsTrade is designed for rare buy-and-hold investors who are not particularly interested in asset classes other than 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. Wells Fargos Brokerage, WellsTrade, is intended to serve Wells Fargo bank customers who want the convenience of managing their investments with the same institution where they have current accounts and mortgages.