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Wells Fargo Recurring Automatic Investing for ETFs and Stocks
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Does Wells Fargo Offer an Automatic Investment Plan? Highlights
• Wellstrade has an AIP (Automatic Investment Plan) that creates systematic purchases of mutual funds.
• The AIP at Wellstrade cannot be set up online.
• There is a $25 charge for each mutual fund enrolled in recurring purchases.
• Not every mutual fund at Wellstrade is eligible for the broker’s AIP.
Instead of signing in to your Wellstrade account to place the same purchase for the same mutual fund again and again, you can create an Automatic Investment Plan that places these trades automatically. There is a fee for this service, however.
Overview of Autopilot Investing at Wells Fargo
Wellstrade’s Automatic Investment Plan is available only for mutual funds. Recurring purchases of stocks or exchange-traded funds cannot be created through this program. In addition, only no-load mutual funds are eligible for the AIP.
Another drawback is that customers must call to set up the AIP. There is no online tool on the website that allows clients to create an AIP on their own. The broker’s phone number is (800) 872-3377.
Cost of Wellstrade’s AIP
Wellstrade charges $25 for each mutual fund enrolled in recurring investments. If the fund is a no-load transaction-fee fund, the brokerage firm’s regular transaction fee will also apply to future purchases. This fee is $35.
Finding No-Load Funds
It’s easy to search for mutual funds without loads by using Wellstrade’s very good fund screener. To open this search tool, hover over the Research tab in the main menu and choose Screeners from the drop-down list. On the next page, select the mutual funds link.
Once the mutual-fund search wizard opens, go to the Load/Transaction Fee section in the left-hand menu and click the radio button for No-Load Funds. When we did this, we received 2,674 funds.
Wells Fargo Dollar-Cost Averaging
An Automatic Investment Plan can be used for dollar-cost averaging. This investing strategy uses fixed-dollar purchases at regular intervals. Because the same dollar amount is invested each time, more shares are bought when prices are lower and fewer shares are bought when prices are higher. And because the investment schedule is recurring and automatic, it may reduce the temptation to time the market. Dollar-cost averaging can help manage volatility, but it does not eliminate investment risk.
There can be disadvantages, too. With a broker-dealer like Wellstrade that charges for its AIP, fees can add up over time, especially on transaction-fee funds. Not all brokerage firms charge for recurring investments, however.
Broker Review
Read detailed Wellstrade Review »
Updated on 9/5/2026.
Chad Morris has been analyzing investment firms for Brokerage-Review.com since 2015. Backed by FINRA Series 65, 66, and SIE credentials, his work reflects a deep knowledge of the retail brokerage industry and digital trading tools.
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