Overview
- Webull has begun a beta that lets eligible IRA account holders buy mutual funds directly through its trading platform.
- The initial lineup emphasizes no-load funds and professionally managed products to help users diversify long-term retirement savings.
- The beta is limited to select U.S. customers while Webull says it will expand the fund lineup and CUSIPs over coming releases.
- Webull plans to add ACAT transfer capability in a future release so customers can move mutual fund positions from other brokerages.
- The launch extends Webull’s push to offer a full set of retirement products as it competes for retail assets across its more than 27 million users.