Wells Fargo is making it easier — and cheaper — for DIY investors to buy their favorite company.
Investors can now buy pieces of the most traded equities — up to 500 — by investing as little as $10 through the Wells Fargo Mobile app.
Wells Fargo Wealth & Investment Management announced Thursday the launch of Stock Fractions, which allow WellsTrade clients the ability to buy fractions of a company’s stock.
“Stock Fractions allows do-it-yourself investing clients to build a diversified portfolio, regardless of stock price,” it said in a release.
Wells Fargo has been providing several enhancements to the Wells Fargo Mobil app, with Stock Fractions℠ being the latest. WellsTrade clients will find it easier to navigate, have access to research, manage dividend reinvestments and take part in after-hours trading.
Clients can also chat with a servicing agent and have access to LifeSync to set and track goals.
Michelle Moore, head of consumer and wealth and investment management digital at Wells Fargo, said they’re helping to make investing more accessible to more people.
“Wells Fargo is on a mobile transformation journey, and we are driven to provide more intuitive digital experiences, while elevating the overall customer experience with better products and services,” she said in a statement.
Clients can also trade stocks, ETFs and mutual funds through the app.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
