I would like to downgrade Wells Fargo. The fees that they charge their investment customers borders on loan sharking. It seems they invest most of their clients portfolios in mutmual funds and charge front end ,maintence fees and heavy transaction and handling fees . No wonder they downgraded NLY, it beats any of the dividends that their investments return to their clients.
My household has 5 brokerage accounts through Wells Fargo(2 Roths, an IRA, an ESA, and a plain account). Each account gets 100 free trades per year. There are no fees of any sort to have these accounts. I don't see any truth to your statement.