Wells Fargo Cuts Fees, Minimums for Robo-Investor Service

Effective immediately, Wells Fargo's (NYSE: WFC) Intuitive Investor service is cheaper and more accessible. The bank announced on Monday that it's reducing its fees for the service, which is an automated investing platform augmented by access to human advisors.

The new annual advisory fee for Intuitive Investor is 0.35% of assets under management (AUM), and the minimum for those assets now stands at $5,000. Customers who link their account to a Wells Fargo premium checking account get an additional break, with their fee dropping to 0.30% of AUM.

Image source: Wells Fargo.

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Source Fool.com