Investing doesn't have to be complicated or intimidating. The EasyVest tool in the Wings Mobile app makes it easy to get started, with data-driven automation that creates tailored recommendations and makes adjustments to optimize your portfolio.
The minimum initial deposit required to open an investment account is $200.
There is an account management fee of 0.6% per year (or 0.05% per month) of the value of your investments, with a minimum fee of $0.50 per month. Other fees may apply for certain transfer specific services, such as a $0.25 fee for each withdrawal to transfer funds from EasyVest to a Wings account; a complete list of fees is provided upon account opening.
EasyVest offers a range of different portfolios, composed of lower-cost, broad-index passive “exchange traded funds” (ETFs). Portfolios contain from 4 to 10 Index ETFs, diversified to meet your time horizon, risk tolerance and investment goals.
Each ETF is a diversified investment that may hold a variety of stocks and/or debt securities, depending on the fund's strategy. Your portfolio may also include some cash.
Simply log into the Wings Mobile app and select EasyVest. From there, you can access your portfolio overview, transactions, eStatements and account settings.
You can set up a recurring transfer (up to a maximum of $5,000) on a daily, bi-weekly, monthly or quarterly basis.
Yes, beginning 30 days after opening your account, you can withdraw some or all of your investment funds at any time via "Transfer & Payments."
You can switch your portfolio by updating your profile. Go to the Settings page, click "Update Preferences" to update your preferred risk tolerance and time horizon to receive a new portfolio recommendation.
It’s important to understand that any investment the involves risk of loss. Portfolios managed within EasyVest are re-balanced monthly to maintain the level of risk that align with your investment goals.
Some funds' market values may increase or decrease more than others. Rebalancing is the process of adjusting the proportions of various securities in your account to ensure that they remain aligned with your goals.
Investment accounts are not protected against loss by any type of insurance. Accounts at DriveWealth, LLC (the broker-dealer), are insured by the Securities Investor Protection Corporation (SIPC), which protects investment accounts should DriveWealth encounter financial difficulty. SIPC insurance does not protect against loss due to market declines.
Not at this time. EasyVest investments are currently only for individual investors. Joint access may become available in the future.
In addition to the EasyVest tool, we also offer highly personalized investment management and retirement planning through Wings Financial Advisors. Our professional advisors offer the expertise you need to make the most of life's opportunities.
Wings Financial Credit Union has partnered with Access Softek Advisory Services LLC and DriveWealth LLC, an SEC-registered broker-dealer and member FINRA/SIPC, which are not affiliated with the credit union to provide this fee-based service. $200 minimum opening deposit required to open an account; investors must be at least 18 years of age. An investment account is not insured by the NCUA or any government agency; is not an obligation of the credit union; is not guaranteed by the credit union; and involves investment risk and may lose value, including possible loss of principal.