Message #14 From:
Stock News Bot Date: February 13, 2007 05:01:00 AM
WFC News Wells Fargo Announces Industry's Best Commission-Free Online Trading
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Investments, LLC, subsidiary of Wells Fargo & Company (NYSE: WFC) and a leader in commission-free online brokerage trades, says it now will double its offer to 100 commission-free online trades per year through its top-rated WellsTrade® online brokerage, and make it even easier for clients to qualify.
This expansion of its free online brokerage trade offer, effective today in all 50 states, includes stocks, no-load mutual funds and exchange traded funds (ETFs).The offer, which leverages the unique capabilities of a diversified financial services firm, is available to Wells Fargo PMA® Package customers with balances of $25,000 or more in any combination of loans, credit balances, brokerage accounts, savings and checking accounts, IRAs, and even 10 percent of outstanding mortgage loans.
To qualify for 100 free online trades, customers link their WellsTrade account to a Wells Fargo PMA Package. The PMA Package is Wells Fargo’s premier offering for investment and banking customers, carries additional savings through discounts and bonus interest rates, and combines all banking and brokerage account information in a single statement for easier management.
The new offer is designed to appeal to all types of investors, from buy-and-hold investors to more active traders. A broad range of current and potential customers who link their WellsTrade account to a PMA Package easily qualify for this relationship-based offer. A few examples include:
Qualifying WellsTrade customers who execute 100 commission-free online trades within a year’s time will pay a low $5.95 fee for each subsequent online trade. Each year, the free offer automatically renews, and the 100 commission-free trades offer applies to each WellsTrade account the customer has. Those customers with more than one WellsTrade account will receive 100 free trades for each account.
“We’re thrilled to offer our customers the best free trade program in the industry,” said Rachel Perkel, senior vice president, brokerage client solutions, Wells Fargo Investments. “Investors who want savings and simplicity trade with the WellsTrade service.” Wells Fargo is a leader in commission-free online brokerage trades and today’s new offer allows customers even greater freedom in tailoring their overall relationship with Wells Fargo.
WellsTrade is a nationally recognized online brokerage ranked among the industry’s top providers in annual reviews including SmartMoney’s 2006 Broker Survey (August 2006) and Kiplinger’s Personal Finance The Best Online Broker 2006 (July 2006).
“The new commission-free trade offer is the perfect complement to our industry-leading online and offline investment and banking services,” added Perkel. “It solidifies our leadership position in relationship-based pricing and is another example of Wells Fargo’s constant drive for innovation.”
For more information on the WellsTrade online brokerage service please call 866-460-8475, or visit www.wellsfargo.com.
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $482 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 6,000 stores and the internet (wellsfargo.com) across North America and internationally.Wells Fargo Bank, N.A. has the highest possible credit rating, "Aaa," from Moody's Investors Service and the highest credit rating given to a U.S. bank, "AA+," from Standard & Poor's Ratings Services.
Investment Products – Not FDIC Insured – No Bank Guarantee – May Lose Value
Brokerage services and WellsTrade accounts available through Wells Fargo Investments, LLC (member SIPC), a non-bank affiliate of Wells Fargo & Company.
Contact Wells Fargo Investments for a mutual fund's current prospectus, which contains more complete information on investment objectives, charges, fees, risks, and expenses. Please read and consider the information in the prospectus carefully before investing.
