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Wells Fargo Advisors Offers Zero Commission Investing Opportunity

WellsTrade® commissions drop on self-directed stock and ETF trades


ST. LOUIS – WEBWIRE

 Wells Fargo Advisors announced $0 trades on the WellsTrade® self-directed trading platform for stocks and exchange traded funds (ETFs).

WellsTrade offers investors an online solution to make independent investment decisions. We know do-it-yourself trading is one of several ways investors manage their money,” said Jim Hays, president of Wells Fargo Advisors. “We believe Wells Fargo Advisors is well positioned to serve clients who value the convenience of online investing, or a full-service relationship with a financial advisor, or who a desire a holistic relationship that offers both.”

WellsTrade enables investors to obtain real-time quotes, screen investments and review interactive charting and research from Wells Fargo Investment Institute, the company’s investment strategy and research arm, as they buy and sell stocks directly. Clients can trade stocks, ETFs, mutual funds and options. The new commission applies to trades placed online in stocks and ETFs, excluding penny stocks.

“We recognize many factors encouraging change in the industry. Investor demographics are shifting along with their digital expectations,” said Joe Nadreau, head of Independent Brokerage and Platform Services at Wells Fargo Advisors. “After thoughtful review, we realized changing our commission structure was right for our clients and business.”

For more information, visit wellsfargoadvisors.com/wellstrade.

About Wells Fargo Advisors

With $1.7 trillion in client assets as of September 30, 2019, Wells Fargo Advisors provides investment advice and guidance to clients through 13,723 full-service financial advisors and referrals from 5,430 licensed bankers. This vast network of advisors, one of the nation’s largest, serves investors through locations in all 50 states and the District of Columbia. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. WellsTrade brokerage accounts are offered through Wells Fargo Clearing Services, LLC. All data includes Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, as of September 30, 2019. www.wellsfargoadvisors.com

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,500 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 261,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company.


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