Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
The $30 Household Annual Fee or the IRA Custodial Fee (for IRA only households) can be waived with one of the following for all WellsTrade accounts in your household as of June 30 each year: 1) electronic delivery only enrollment for statements, trade confirmations, other documents and shareholder communications (excluding tax documents/1099s), 2) linkage to the Wells Fargo Bank Portfolio by Wells Fargo program 3) household balances of $250,000 or more, 4) households with solely SEP IRA, or 5) Wells Fargo Bank Private Bank account. If a Household Annual Fee is due, the highest-value account in the client's household that is eligible to be charged a fee will be debited in September of each year.
Households comprised only of IRA accounts will be subject to a $30 IRA Custodial Fee. Households with an IRA and any other account type that is not exempt from annual fee will be subject to the $30 Household Annual Fee. IRA Custodial Fee will be waived for households paying a household annual fee. If an IRA Custodial Fee is due, clients will receive a remittance notice in August 2017 with several payment options. If a payment option is not selected, the fee will be automatically deducted from the IRA in September 2017. If there is more than one non-exempt IRA in the household, the fee will be equally divided amongst the non-exempt IRAs.
The grouping of accounts into a household is based on account eligibility and family relationship such as children, parents, domestic partners, and others. Certain accounts cannot be included in a household. Please call us at 1-800-TRADERS for more information and to determine whether all eligible accounts have been included in your household. It is your responsibility to ensure that all eligible accounts are included in your household. Other fees may apply. Waivers may apply. Please see the WellsTrade fee schedule for full details.
Households composed solely of a single IRA or where an IRA is the only non-exempt account are subject to a $100 annual custodial fee in lieu of the annual household fee. Households comprised of two or more non-exempt IRA accounts are subject to a $150 custodial fee in lieu of the annual household fee. IRA accounts will be charged only if there are no eligible non-IRA accounts in the household. If an IRA custodial fee is due, the fee will be divided equally amongst any non-exempt IRAs in the household. Only one custodial fee will be charged per household. IRA custodial fee will be waived for households paying an annual Firm Household fee. Waived for households paying an annual household fee, or for WFA household relationships of $250,000 or more, or linked to a Wells Fargo Bank Portfolio by Wells Fargo program with $250,000 or more in qualifying balances. Other waivers and discounts may apply; see the WFA schedule of fees for a complete list of waiver & discounts.
Wells Fargo Destination IRAs, both Traditional and Roth IRAs, are available through Wells Fargo Bank, N.A., a member of the FDIC. The maximum insurance coverage is $250,000 for all Traditional and Roth IRAs, any Simplified Employee Pension accounts, "Section 457" deferred compensation plan accounts, self-directed Keogh plan accounts, and self-directed defined contribution plan accounts owned by the same person at the same bank.
Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
WellsTrade® and Intuitive Investor® accounts are offered through WFCS.
CD (Time Account) and Savings Account IRAs are available through Wells Fargo Bank, N.A. Member FDIC.
Retirement Professionals are registered representatives of and offer brokerage products through Wells Fargo Clearing Services, LLC (WFCS). Wells Fargo Advisors is a trade name used by WFCS and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Discussions with Retirement Professionals may lead to a referral to affiliates including Wells Fargo Bank, N.A. WFCS and its associates may receive a financial or other benefit for this referral.
Wells Fargo Bank, N.A. is a banking affiliate of Wells Fargo & Company.
Wells Fargo & Company and its affiliates do not provide legal or tax advice. Please consult your legal and tax advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your taxes are prepared.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
