Trade Up for an Easier Investing Experience!
BlueTrade* is an easy-to-use, in-app tool for UKFCU members who are newer to investing, or want to invest in smaller amounts. As an automated investment management tool, it automatically helps create and optimize investment opportunities for you, offering a secure investment option for anyone who is interested in building wealth. Plus, BlueTrade is available in your Mobile and Online Banking for ease of access!
You might even say that BlueTrade is investing...only better! Click below to get started today!
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Get Started with as Little as $200
Investing doesn't have to be complicated or intimidating. The BlueTrade tool in your Mobile and Online Banking makes it easy to get started, with data-driven automation that creates tailored recommendations and makes adjustments to optimize your portfolio.
Low Opening Investment
Say goodbye to high minimums for opening deposits. With BlueTrade, open an account with as little as $200. After your initial deposit, you can make additional deposits of any amount to your investment account.
Automated Management
BlueTrade Automated takes the legwork out of investment decisions. Your portfolio is continuously being analyzed and rebalanced based on real data, and you can find it all on your Mobile or Online Banking.
Recommendations
for You
BlueTrade will ask some basic questions to better understand your goals. From there, you can get tailored recommendations (BlueTrade Automated) or self-direct your investments (BlueTrade YourChoice).
Ready to open your BlueTrade account? Click below to get started!
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Looking for a More Personal Experience?
Managed Investment Services with UKFCU
In addition to BlueTrade, UKFCU also offers managed financial services through CUSO Financial Services, L.P. (CFS). If you want to learn more about the services offered by CFS or meet our Investment Team, please click below!
Investment Services Meet Our Investment Team
BlueTrade FAQ
Q: Is there an initial minimum deposit?
A: Yes, the minimum initial opening deposit is $200 for BlueTrade Automated and $1,000 for BlueTrade YourChoice.
Q: Is there a fee to use BlueTrade?
Yes. There is a monthly fee of 0.05% of the value of the account, and subject to a minimum of $0.50 per month. Based on accounts and services selected, additional fees may apply. Your account will be billed on the first day of each calendar month.
Q: What type of accounts can I open?
A: You can open the following types of accounts:
- Investment Account
- Retirement Account
- Joint Account
- Custodial Account
Q: What are the differences between the YourChoice and BlueTrade Automated options?
A: With the YourChoice option, investment direction is made entirely by you. You can self-direct all of your funds into specific securities, stocks and more.
Our automated investment management (BlueTrade Automated) uses a data-driven algorithm to determine what securities to buy for your account and how much of each security to purchase for your account. In order to make that determination, we gather information from you about you and your investment goals. We use that information to design a portfolio that is recommended for an investor with your objectives, timeline and risk tolerance.
The securities in your account will be “exchange traded funds” (ETFs) selected from a list of ETFs we have identified. Each ETF is a diversified investment that may hold a variety of stocks and/or debt securities, depending on the stated strategy of the particular ETF. Your portfolio will also include some cash. We regularly evaluate which ETFs work best for our clients, so this list may change from time to time.
Q: Are my deposits insured?
A: No. Your investment account will invest in securities. It is not a the same as a checking or savings account at a bank or a share account at a Credit Union. The investment account will be held at Drivewealth, LLC, a securities brokerage firm, an independent broker/dealer that is not affiliated with the Credit Union. The account will be managed by Access Softek Advisory Services, LLC, which will set up and manage the account based on the information you provide. Neither Drivewealth nor Access Softek are affiliated with the Credit Union. The advisory account with Access Softek Advisors, LLC is NOT intended to be used as an actively traded brokerage account. It is solely designed to provide a tailored portfolio to meet your stated risk tolerance, investment objective and time horizon.
Q: Can I make a recurring transfer into my investment account?
A: Yes, you can set up an automatically recurring transfer. Our maximum recurring transfer amount is $5,000. Funding frequency options for recurring transfer are:
- Every 2nd Monday of a month
- 15th of every month
- First day of a month
- Daily (every business day)
- At the beginning of each calendar quarter
Q: Can I withdraw or transfer funds from my account?
A: Yes. Beginning 30 days after you open your account, you may withdraw some or all of your account at any time. For example, if you deposit $500 on 7/1 and $800 on 8/1, you would be able to withdraw $500 on 7/31 and $800 on 8/31.
Q: Are there any dollar limits or fees if I transfer funds out of my account?
A: We charge $0.25 for each withdrawal and there are no limits on the number of times you can withdraw. There is an ACH transfer limit of $110,000 per transfer.
Q: How can I withdraw from my investment account?
A: You can withdraw the funds in your investment account by opening the investment portal and navigating to the Transfers & History tab. It can take 3-5 business days for the transactions to be fully processed due to the time required to buy/sell the securities and move the money to or from your checking/savings account, which happens via ACH transfer.
Q: What if I have questions or need support for my BlueTrade account?
A: BlueTrade is managed by Access Softek Advisory Services, LLC and they can be contacted by email at [email protected] if you have any questions about your account. You can also contact UKFCU at (859) 264-4200.
