Merrill Edge + Bank of America = Free Trades + Free Checking + Higher Rewards

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It looks like you're new here. If you want to get involved, click one of these buttons! Categories All Categories Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor. November edited November in Fund Discussions. I have decided to close all my accounts with WellsTrade and move to Schwab or Fidelity.

I have already helped my daughter open an account with Schwab wells fargo brokerage 100 free trades was very happy with the customer service. This is in contrast to wells fargo brokerage 100 free trades kinds of confusing information I received about PMA accounts from Wells Fargo board members here provided better information!

With this experience, I called WellStrade to find out about any fees to transfer assets. Clearly, they are more interested in charging fees vs. Considering everything a poor customer service at WellsTrade, b nickel-and-diming with fees for some other household accounts, c much better experience at Schwab and Fidelity I have an IRA with them so far, d scant research tools at Wells, I will eat the transfer fee and move out.

The free trades were the only thing keeping me there, but I have not made any non-NTF trades there anyway. Good bye, Wells Fargo! Not as familiar with Schwab, though I'd expect similar white glove treatment. It used to be that you had access wells fargo brokerage 100 free trades a good number of "advisor class" funds e. Templeton Global, to name a popular threadbut no more. If you don't have any funds that won't transfer to another brokerage, there are few reasons for staying: Haven't done anything with it for several years, except occasionally used it as a tertiary checking account and should have used it the one time I needed a cashier's check in the past three years.

That, and it gives me a web interface that let's me try to guess what funds were left that I could have gotten through them. We continue to hold most of our funds at WT.

Granted, the customer service is very poor. The best deal for you, but perhaps not for others. It depends on what you're using them for. You have to go through customer service cannot purchase online, just search. I won't even get into variety 20x as many muni bonds at Fidelity. Assuming all my arithmetic is correct. Very little of this likely matters to you, but it may matter to others.

Which is why, even considered on a pure fee basis i. It depends upon how one is using it. I agree with Mark. In fact, I used to be a proponent of Wells Fargo accounts and have recommended them on this board and fundalarm before for the very same reason Kevin mentioned free trades. Certain recent interactions with them have rubbed me the wrong way or my expectations about customer service have increased.

It was not a single event, just a series of less than professional behavior curt dismissive replies to polite requests, incompetence of technical support, virtually no knowledge about brokerage in the local branch, unnecessary paperwork to change minor things, etc.

In addition, they hardly have any other perks besides the free trades, which I hardly use cash back cards, ATM reimbursement, better rates in financing, whatever.

For my daughter, who is a beginning investor, availability of good customer service at a minimum, explanation of how the wells fargo brokerage 100 free trades accounts work in a simple language and research to make investment decisions, was significantly more important.

I can't hold her hands forever. She could hardly understand anything Wells Fargo was telling her, but the Schwab representative explained everything very well. So far so good. November edited November The shares could have been purchased from the fund company and transferred in no chargeor even purchased at WT using their free trades, and then transferred from WT even having Fidelity cover the cost of the WT account closing.

They work fine wells fargo brokerage 100 free trades I've done both. Note that sometimes when a fund company closes a fund to new accounts through brokerages a "very" soft close, where they'll let you open accounts directly with themthey wells fargo brokerage 100 free trades prohibit transfers to a brokerage within, say, six months of opening the account.

No big deal, wells fargo brokerage 100 free trades wait it out. Again, I speak from experience. In my particular case, the fund supposedly relented about a year later, and permitted automatic purchases. I don't know for certain, since I haven't verified that. Would there be a fee for simply taking the entire balance out of my WellsTrade account and putting it back into my Wells Fargo checking, with no intention of using WellsTrade again?

I don't think they have a fee to transfer cash between different WellsFargo accounts. Sign In or Register to comment.

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These managed accounts generally encourage traders to trade with figures way beyond their means. The intensely risky Martingale system is a frequent tactic, and results in many quickly blown balances. A trader should know the broker they are going to trade with. Improved regulation and more awareness should hopefully reduce these types of complaints.