WellsTrade® Commissions and Fees

The financial industry has gone through significant changes thanks to the internet. There was a time when your only options were to go to a full-service broker. Now, there are so many options from which financially-savvy investors can choose if they want to trade on their own—and brokerage transaction fees often, at a cheaper rate. If you’re impulsive and/or not willing to do your homework, then you should consider a full-service broker. Otherwise, a discount broker, which allows you to execute trades but does not offer investment advice at a much lower rate, is a better option.

These costs include any charges related to the closing of the transaction, such as loan underwriting and origination fees, taxes, title filing fees, and insurance premiums. These fees may be paid by either the buyer or seller or they may be split between both parties. See how Vanguard’s low-cost approach can help you make the most of your money. You’ll never pay a commission to buy or sell Vanguard mutual funds or ETFs in your Vanguard accounts. Depending on your broker, you could pay a yearly fee and commissions totaling anywhere from less than 1% to more than 2% of your total assets under management (AUM).

Learn about fees

The cost of trades is low or nonexistent, and the threshold to open an account is minimal. A brokerage fee is a cost a brokerage firm charges to handle transactions and services provided. A 12B-1 fee is a recurring fee that a broker receives for selling a mutual fund.

Overnight deliveries of checks are subject to an additional convenience charge. If overnight delivery of checks is requested, a fee of $15 will be charged in addition to any other charges/fees that may apply. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.

EXISTING ISSUES (secondary, already trading)

Wells Fargo Advisors offers qualified customers the ability to invest on margin. Margin allows you to extend the financial reach of your brokerage account. Margin borrowing may not be appropriate for all investors. When you use margin, you are subject to a high degree of risk. While a full-service broker handles all your money moves for you, a discount brokerage gives you a little more power to initiate these transactions yourself.

These fees are based on the transactions they execute for their clients. At a full-service broker, you pay a premium for research, education, and advice. But it’s important to remember that full-service brokers are also salespeople.

Not sure where to start? Try our investor quick start tool to see what’s best for your investment journey.

There can also be transaction fees that have nothing to do with the money a broker takes home. They tend to involve escrow, title, homeowners association, and city and county transfer taxes. Whoever pays transaction fees tends to come down to the city in which you’re selling your home. Many funds on this list will be from the broker itself, but other mutual fund companies often pay brokers to offer their funds to customers without a transaction cost. That cost may or may not be passed on to you, in the form of a higher expense ratio (more on this next). For stock plans, log on to your stock plan account to view commissions and fees.

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Margin

Investments in bonds are subject to interest rate, credit, and inflation risk. CD and bond prices are available online and are price indications only. Online prices for all secondary-market bonds and CDs are before commissions. You’ll also pay a $50 early redemption fee for all sales executed within 60 calendar days of the trade date of your most recent purchase of the same fund. Some funds have higher minimums to protect the funds from short-term trading activity.

• Fidelity and Merrill Edge both score high on this in NerdWallet’s ratings.
• If you have inflated that cost, then you must own up to it.
• Brokerage fees vary according to the industry and type of broker.
• Every broker is different when it comes to what fees they charge to trade and how much you’ll pay.
• Enjoy access to more than 160 Vanguard mutual funds and over 3,000 funds from other companies, all with no transaction fees.

Here’s a rundown of the most common fees you might encounter. Those fees vary from 0.25% to 1.00% of the amount of the transaction, depending on the fund. 7 DRS fees are generally $15, but can vary by transfer agent. The actual cost will be determined by the individual transfer agent and will be passed on to you. DRS fees are assessed when transferring shares to client brokerage accounts.

TIAA Brokerage

Termination Fee applies to full distribution of Traditional, Roth, and SEP IRAs; fee is waived for clients over age 70½ or accounts terminated due to death or disability. These exemptions only apply to total distributions, and will not apply to account transfers. If you’re new to investing or you haven’t reviewed your brokerage fee payments in a while, you might not know what you’re paying.